Black Nominees Ltd. v Nicol (H.M. Inspector of Taxes)Nicol (H.M. Inspector of Taxes) v Black Nominees Ltd.(1) (1971-1977) 50 TC 229
HIGH COURT OF JUSTICE (CHANCERY DIVISION)–
3RD, 4TH, 5TH, 6TH, 7TH, 10TH AND 11TH MARCH AND 16TH APRIL 1975
Income tax, Schedule D–Actress–Tax avoidance scheme–Actress employed at a salary by company formed to exploit her services–Profits from those services indirectly reaching trustee for her under discretionary settlement in form of loan repayments–Whether capital receipts–Whether trustee assessable thereon under Case I, II or VI of Schedule D.