The Law Reports (King's Bench Division)
[1943] KB 345
[COURT OF APPEAL]
F. P. H. FINANCE TRUST, LIMITED (IN LIQUIDATION)
v.
INLAND REVENUE COMMISSIONERS.
1943 Feb. 8,
9,
10;
Mar. 12.
Mar. 12.
SCOTT, GODDARD and DU PARCQ L.JJ.
Revenue
— Sur-tax
— Investment company
— Income consisting “mainly of investment income”
— Relevant period for receipt of income
— Trading loss greater than investment income
—
Finance Act, 1936 (26 Geo. 5 & 1 Edw. 8, c. 34), s. 20, sub-ss. 1, 6 (a), (b).