IN THE WILL OF MacGREGORVLR 1
Income tax (Federal) — Will — Charity — Income of residue directed to be accumulated, subject to payment thereout of annuities — Accumulations of income and corpus on death of annuitants to form charitable fund — Income of fund to charities — Whether accumulated income liable to tax — Commonwealth Income Tax Assessment Act 1915-1916 (No. 34 of 1915, No. 39 of 1916), s. 11 (d) (f).