TC Profits Tax – Trading loss exceeding franked investment income, which exceeds gross relevant distributions – Calculation of ‘ profits computed without abatement and including franked investment income ” — Whether distribution charge incurred-Finance Act, 1937 (1 Edw. VIII and 1 Geo. VI, c. 54), Fourth Schedule, Paragraph 7 ; Finance Act, 1947 (10 candpound; 11 Geo. VI, c. 35), Sections 30 (3), 32 and 34 (2).
[1958] UKHL TC – 37 – 725
Bailii
England and Wales
Income Tax
Updated: 21 December 2021; Ref: scu.559981
