Executor Trustee & Agency Co of South Australia Ltd v Federal Commissioner of Taxation
48 CLR 261932 - 0804A - HCA
(Judgment by: McTiernan J)
Between: Executor Trustee & Agency Co of South Australia Ltd
And: Federal Commissioner of Taxation
Judges:
Gavan Duffy CJ
Rich J
Starke J
Dixon J
Evatt J
McTiernan J
Subject References:
Taxation and revenue
Income tax
Trustee
Will
Life tenant and remainderman
Direction that premium be treated as rent
Whether trustee liable for tax for any part of the premium
Legislative References:
Income Tax Assessment Act 1922 (Cth) No 37 - s 13; s 31
Judgment date: 4 August 1932
Sydney
Judgment by:
McTiernan J
I agree with the judgment of my brother Rich. The first question should be answered thus: Not in respect of the whole sum of PD3,207, but in respect of a moiety thereof only. The second question should be answered: No.
(1866) L.R. 1 Eq. 656
(1878) 8 Ch. D. 357
(1930) 44 C.L.R., at p. 305
(1901) 2 Ch. 534
(1906) 23 N.S.W.W.N. 101
(1911) 11 S.R. (N.S.W.) 276
(1929) 42 C.L.R. 145
(1878) 8 Ch. D. 357
(1878) 8 Ch. D., at p. 362
(1930) 44 C.L.R. 297
(1930) 44 C.L.R. 289
(1930) 44 C.L.R. (see pp. 308-310)
(1863) 1 Moo.P.C.C. (N.S.) 201, at p. 222; 15 E.R. 676
(1842) 9 Cl. & F. 126, at p. 142; 8 E.R. 363
(1821) Jac. 324, at p. 330; 37 E.R. 873
(1929) S.A.S.R., at p. 163
(1877) 6 Ch. D. 597
(1916) 1 Ch. 279
(1893) 1 Ch. 61
(1911) 2 Ch. 17
(1909) 1 Ch. 815
(1878) 8 Ch. D. 357
(1929) S.A.S.R. 154
(1930) 44 C.L.R., at pp. 305, 308, 309
[1911] A.C. 480