Potts’ Executors v Commissioners of Inland Revenue – [1950] UKHL TC_32_211 14 December 1950
Surtax–Settlement-Payments by a body corporate connected with a settlement made to third parties at settlor’s request and debited to his current account with the company-Whether payments constitute capital sums paid directly or indirectly to the settlor-Finance Act, 1938 (1 & 2 Geo. VI, c. 46), Section 40.
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