Young (H M Inspector of Taxes) v Racecourse Betting Control Board; Racecourse Betting Control Board v Young (H M Inspector of Taxes); Inland Revenue v Racecourse Betting Control Board: HL 29 Jul 1959

HL Income Tax, Schedule D, and Profits Tax-Trade-Expenses-Payments made under scheme for application of moneys in totalisator fund-Runners’ allowance-Whether payments deductible as expenses in computing profits- Racecourse Betting Act, 1928 (18 and 19 Geo. V, c. 41), Section 3 ; Income Tax Act, 1952 (15 and 16 Geo. VI cfe 1 Eliz. II, c. 10), Section 137 (a).


[1959] UKHL TC – 38 – 426




England and Wales

Income Tax

Updated: 28 June 2022; Ref: scu.559975