TSEM7005 - Tax Cases: Carver v Duncan 59 TC 125
Summary
The trustees paid insurance premiums to protect against CTT
liability. There were powers in the` trust document to permit the
payments.
Decision
The payments were not trust expenses deductible under
FA/73S16 (2)(d).
TSEM references
TSEM8130,
TSEM8140,
TSEM8340,
TSEM8345,
TSEM8848,
TSEM8857
