Income tax – Diamond broker – Schedule D, Case I – Whether payment received as compensation for losing client assessable as profit of trade – Income and Corporation Taxes Act 1970, ss 108(l)(a)(i) and 109(2).
Citations:
[1982] EWCA Civ TC – 55 – 585, (1981) 55 TC 585, [1982] STC 53
Links:
Statutes:
Income and Corporation Taxes Act 1970 108(l)(a)(i) 109(2)
Jurisdiction:
England and Wales
Income Tax
Updated: 25 November 2022; Ref: scu.683398