Latimer v Commissioner of Inland Revenue - [2004] 3 NZLR 157

Revenue — Income tax — Charitable purposes — Income derived by trust for charitable purposes — Undistributed income to revert to Crown — Whether trust had more than one purpose — Whether income exempt from income tax — Income Tax Act 1994, s CB4(1)(c).

Trusts and trustees — Resulting trust — Settlor specifying that undistributed income to return to settlor — Status of funds during period of trust.