Income on funds set aside but not allocated for expenditure not trading income
Citations:
Ind Summary 13-Nov-1995
Jurisdiction:
England and Wales
Citing:
Appeal from – Nuclear Electric Plc v Bradley (Inspector of Taxes) ChD 10-Apr-1995
Interest on funds set aside for future costs was trading income-liabilities current. . .
Cited by:
Appeal from – 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. . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 09 December 2022; Ref: scu.84384