BusinessEase Tax Highlights Clark v Inglis

his video discusses the case of Clark v Inglis which was decided in the New South Wales Court of Appeal on 29 June 2010. This was not a tax case. It focused on the meaning of income for the purposes of the trust in question. The court cited the Bamford High Court case. The trustee was empowered to treat amounts as capital or income. Unrealised gains were treated by the trustee as income of the trust estate. Could it do this?

Category:

Education

Tags:

• tax
• Australia
• trust
• income
• capital
• beneficiary
• deed
• Bamford
• Clark
• Inglis