Public Trustee v Commissioner of Inland Revenue - [1957] NZLR 535

Public Revenue — Income Tax — Income derived by Trustees — Deed of Settlement providing for Payment of Income of Trust Premises to Settlor "during her life" — Rent payable to Trustee in Advance on June 1 and December 1 — Settlor, as life-tenant, assessable for Tax on Proportion of Such Rent to March 31 only — Trustee assessable for Balance of Such Rent in His Hands — Land and Income Tax Act 1954, s 155 (a) (b).