The income from investments set aside to cover future liabilities was not trading income.
Citations:
Gazette 09-May-1996, Times 29-Mar-1996
Statutes:
Income and Corporation Taxes Act 1988 393(8)
Citing:
Appeal from – Nuclear Electric Plc v Bradley (Inspector of Taxes) CA 13-Nov-1995
Income on funds set aside but not allocated for expenditure not trading income . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 09 April 2022; Ref: scu.84383