Kirkham v Williams (Inspector of Taxes)
Language: English Series: Weekly Law Reports ; (1991) 1 WLR 863-879(17)Publication details: 1991Subject(s): Summary: CA 24 May 1991. It was held that the taxpayer bought land, which he developed and sold, as a capital asset of his business and not as trading stock. Therefore profit from the sale was not trading profit within Income and Corporation Taxes Act 1970 s109 and to be assessed for tax under Schedule D Case 1.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS45068 (Browse shelf(Opens below)) | 1 | Available | 50816-1001 |
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CA 24 May 1991. It was held that the taxpayer bought land, which he developed and sold, as a capital asset of his business and not as trading stock. Therefore profit from the sale was not trading profit within Income and Corporation Taxes Act 1970 s109 and to be assessed for tax under Schedule D Case 1.