Income tax – Exemption – Pension scheme trustees – Sub-underwriting commissions – Whether sub-underwriting of share issues was taxable under Sch. D, Case I as a trade and not under Sch. D, Case VI – Whether exemption available – If trading, whether trustees liable to additional rate tax on certain income of discretionary trusts – Income and Corporation Taxes Act 1988, s. 592, 686.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.