Estate of the late Walter Simpson (2016-2018) QSC

TRUSTEES - judicial advice - directions - testamentary trust - whether $1.4 million of fully franked dividends should be treated as income or capital - dividend partly reflects sale of business line - whether capital profit - whether should be paid to income beneficiary or held as capital for the remaindermen

Queensland Supreme Court proceedings, appeared for the income beneficiary, instructed by Bradley Allen Love, Canberra. 

Matter settled at final hearing with orders apportioning the payments 60%:40% capital/income.