No income tax on single land-tip fee
Language: English Series: Times ; 14/7/88 p43Publication details: 1988Subject(s): Summary: In McClure (Inspector of Taxes) v Petre , QBD 13 July 1988, it was held that a once-and-for-all payment received by a landowner for allowing motorway contractors to tip sub-soil on a part of his property was not assessable to income tax . Such a sum is outside the charge to tax under Income and Corporation Taxes Act 1970 s67 .| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2428-41 (Browse shelf(Opens below)) | 1 | Available | 63098-1001 |
In McClure (Inspector of Taxes) v Petre , QBD 13 July 1988, it was held that a once-and-for-all payment received by a landowner for allowing motorway contractors to tip sub-soil on a part of his property was not assessable to income tax . Such a sum is outside the charge to tax under Income and Corporation Taxes Act 1970 s67 .