Cox v Murray, Re; McCoy, deceased

• Jurisdiction: Ireland
• Judgment Date: 16 June 1919
• Date: 16 June 1919
• Docket Number: (1915. NO. 835.)
• Court: High Court

M. R.,

In re M'Coy, Deceased; Cox

and

Murray

Fund in Court - Five per cent. War Loan - Deduction of income tax.

On the allocation of a fund in Court, representing the proceeds of the sale of five per cent. War Loan, a claim was made by the Commissioners of Inland Revenue for the payment of income tax accrued in respect of the income of the fund:—Held, that the deduction of income tax before distribution of the fund amongst persons entitled would be a contravention of the terms upon which the five per cent. War Loan was issued, and that the proper procedure was to distribute the entire balance without deduction in respect of income tax, leaving it to the Commissioners of...