Case Summary:

 Jones v Garnett (2005)

 Court of Appeal, 15 December

The Inland Revenue successfully sought in the High Court to have the bulk of the profits of a limited company, in which a husband and wife (Geoff and Diana Jones) held one share each, treated as taxable solely as the husband's income, as he was the only fee-earner.  The Inland Revenue relied upon long-standing aspects of tax law, relating to trusts and settlements, in which one person arranges for another to receive income, without the latter providing anything in return.