No income tax on single land-tip fee
No income tax on single land-tip fee
- 1988
- Times 14/7/88 p43 .
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 .
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 .