For the purpose of ascertaining the amount upon which excess mineral rights duty is to be charged under section 43 of the Finance (No. 2) Act 1915, the rate of income tax to be deducted from both sums brought into comparison is that current for the accounting year and no other.
Decision of the Court of Appeal ( 1919, 2 K.B. 200) affirmed.
Judges:
Lords Cave, Atkinson, Shaw, Wrenbury, and Phillimore
Citations:
[1920] UKHL 630, 58 SLR 630
Links:
Jurisdiction:
England and Wales
Taxes – Other
Updated: 17 June 2022; Ref: scu.631517
