Nuclear Electric Plc v Bradley (Inspector of Taxes): HL 29 Mar 1996
The income from investments set aside to cover future liabilities was not trading income. Citations: Gazette 09-May-1996, Times 29-Mar-1996 Statutes: Income and Corporation Taxes Act 1988 393(8) Citing: Appeal from – Nuclear Electric Plc v Bradley (Inspector of Taxes) CA 13-Nov-1995 Income on funds set aside but not allocated for expenditure not trading income . … Continue reading Nuclear Electric Plc v Bradley (Inspector of Taxes): HL 29 Mar 1996