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; Ref: scu.79176