This article concerns the composite phrase ‘present entitlement to trust income’. Much has been written in respect of present entitlement, but of emerging interest is how the courts will approach the calculation of ‘income of a trust estate’ when considering whether or not a beneficiary is presently entitled to that income. Of particular interest is the rule in Upton v Brown and its application in recent decisions.
"Present Entitlement toTrust Income and the Rule in Upton v Brown,"
Revenue Law Journal: Vol. 18
, Article 2.
Available at: http://epublications.bond.edu.au/rlj/vol18/iss1/2