Transaction not adventure in trade
Language: English Series: Times ; 18/6/91 p31Publication details: 1991Subject(s): Summary: In Kirkham v Williams (Inspector of Taxes) , it was held that the profit from a one-off transaction of purchase, development and sale of a property by a self-employed dealer did not arise from an adventure in the nature of trade and was not assessable to Schedule D income tax . Crown was refused leave to appeal.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2724-47 (Browse shelf(Opens below)) | 1 | Available | 14251-1001 |
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In Kirkham v Williams (Inspector of Taxes) , it was held that the profit from a one-off transaction of purchase, development and sale of a property by a self-employed dealer did not arise from an adventure in the nature of trade and was not assessable to Schedule D income tax . Crown was refused leave to appeal.