Executor Trustee & Agency Co of South Australia Ltd v Federal Commissioner of Taxation48 CLR 26
1932 - 0804A - HCA
Between: Executor Trustee & Agency Co of South Australia Ltd
And: Federal Commissioner of Taxation
Taxation and revenue
Life tenant and remainderman
Direction that premium be treated as rent
Whether trustee liable for tax for any part of the premium
Income Tax Assessment Act 1922 (Cth) No 37 - s 13; s 31
Judgment date: 4 August 1932
Questions answered as follows:
- Not in respect of the whole sum, but in respect of one-half part thereof.
- No. Costs in the appeal.