The Law Reports (Appeal Cases)
[1944] AC 285
[HOUSE OF LORDS.]
F. P. H. FINANCE TRUST, LD.
v.
INLAND REVENUE COMMISSIONERS.
1944 Feb. 7,
8,
9,
10,
14;
May 19.
May 19.
VISCOUNT SIMON L.C., VISCOUNT MAUGHAM, LORD ATKIN, LORD RUSSELL OF KILLOWEN and LORD PORTER.
Revenue
— Sur-tax
— Investment company
— Income “consisting mainly of investment income”
— Trading loss greater than investment income
—
Finance Act, 1936 (26 Geo. 5, and 1 Edw. 8, c. 34), s. 20, sub-ss. 1, 6 (a) (b).