Chancery Division.

Blackburne J.

Judgment delivered Judgment delivered 14 February 1996.

Capital gains tax – Trust – Deemed disposal on beneficiaries becoming absolutely entitled as against the trustee – Children born in father’s lifetime to take absolutely – Father injured and incapable of further issue – Whether class closed at date of injury or at date of father’s death – Capital Gains Tax Act 1979, s. 46(1), 54(1) (Taxation of Chargeable Gains Act 1992, s. 60, 71(1).