000 00727cab a2200181 4500
001 ABS45068
008 090401t1991 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u50816
041 _aeng
245 _aKirkham v Williams (Inspector of Taxes)
260 _c1991
350 _a0
490 _aWeekly Law Reports
_v(1991) 1 WLR 863-879(17)
520 _aCA 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.
690 _aTAXATION
942 _n0
948 _c04/03/1997
999 _c31718
_d31718