Damages awards received by Lloyds’ names for their managing agents’ negligence were taxable as trading income, since they were revenue receipts.
Ind Summary 27-Feb-1995, Times 26-Jan-1995
England and Wales
Cited by:
See Also – Deeny and Others v Gooda Walker Ltd and Others QBD 5-May-1995
A decision as to an agent’s liability may be deferred pending decisions in other courts on anticipated claims. . .
Lists of cited by and citing cases may be incomplete.
Income Tax, Damages
Updated: 16 December 2021; Ref: scu.79874