Public Trustee v Commissioner of Inland Revenue - [1969] NZLR 270

Income tax — Tax payable — Trustees' income — Annuities charged on capital and income by Court order under the Family Protection Act — Surplus income — Whether surplus income held for annuitants or on subsequent trusts — Land and Income Tax Act 1954, ss. 86 (1) (n) or (o), 155 (b).