Clark (Inspector of Taxes) v Trustees of the BT Pension Scheme and Others: ChD 11 Nov 1998
Where pension fund trustees engaged in the sub-under-writing of share issues in return for commission payments they became engaged in a trade and made themselves liable to taxation on the profits as such a trader. Citations: Gazette 11-Nov-1998 Statutes: Income and Corporation Taxes Act 1988 Sch D Case 1 Income Tax Updated: 05 May 2022; … Continue reading Clark (Inspector of Taxes) v Trustees of the BT Pension Scheme and Others: ChD 11 Nov 1998