Compensation received by company is taxable
Language: English Series: Times ; 1/2/89 p28Publication details: 1989Subject(s): Summary: In Donald Fisher (Ealing) Ltd v Spencer (Inspector of Taxes) , CA 30 January 1989, it was held that compensation received by the taxpaying company was to be treated as profits for corporation tax purposes. The damages were paid in settlement of a claim against the company`s estate agent who had negligently failed to serve a counternotice objecting to a proposed increase in rent.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2505-46 (Browse shelf(Opens below)) | 1 | Available | 47706-1001 |
In Donald Fisher (Ealing) Ltd v Spencer (Inspector of Taxes) , CA 30 January 1989, it was held that compensation received by the taxpaying company was to be treated as profits for corporation tax purposes. The damages were paid in settlement of a claim against the company`s estate agent who had negligently failed to serve a counternotice objecting to a proposed increase in rent.