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Corbett v IRC

[1943] 2 All E.R. 218

Case summary last updated at 23/02/2020 16:00 by the Oxbridge Notes in-house law team.

Judgement for the case Corbett v IRC

·   Lawrence J
·   Where trustees are in receipt of income which it is their duty to pay over to beneficiaries, either with or without deduction of something for trustees' expenses, that income is at its very inception the beneficiaries' income. 
·   But, in the case of executors, it is not true to say that the income when received by executors pending the conclusion of the administration is the income of the beneficiaries in that sense.

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