Estate of the late Walter Simpson (testamentary trust)

Application by the trustee of testamentary trust for judicial advice & directions from the Supreme Court of Queensland, appeared for the income beneficiary, instructed by Bradley Allen Love, Canberra. Question concerned whether fully franked dividends should be treated as income or capital, where dividend partly reflected sale of international business line. 

On 22 March 2018, the matter settled at final hearing before Crow J, following cross-examination of the parties' expert accountants, with orders apportioning the payments 60%:40% between capital and income.