SolvedTSEM7070 | Tax Cases: Williams v Singer & others 7 TC 387
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
Summary
Trustees of a trust were resident in the UK. The beneficiary was resident abroad. The trustees held dividends in a foreign company. They mandated the income direct to the beneficiary abroad.
Decision
The trustees were not assessable on the income.