TSEM7005 - Tax Cases: Carver v Duncan STC 356
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
TSEM8110, TSEM8105, TSEM8110, TSEM8115, TSEM8125, TSEM8130, TSEM8140, TSEM8230, TSEM8235, TSEM8740, TSEM8747
