The Weekly Law Reports
[1958] 1 WLR 122
[CHANCERY DIVISION.]
RACECOURSE BETTING CONTROL BOARD
v.
YOUNG (INSPECTOR OF TAXES).
SAME
v.
INLAND REVENUE COMMISSIONERS.
YOUNG (INSPECTOR OF TAXES)
v.
RACECOURSE BETTING CONTROL BOARD.
INLAND REVENUE COMMISSIONERS
v.
SAME.
1957 Dec. 3,
5,
6.
Upjohn J.
Revenue
— Income tax
— Expenses
— Racecourse Betting Control Board
— Operation of totalisator on racecourses
— Totalisator fund
— Expenditure prescribed by statute for benefit of owners of racecourses and racehorses
— Board carrying on trade
— Whether deductible expenses
123
— Whether improvements to racecourses capital expenditure
—
Racecourse Betting Act, 1928 (18 & 19 Geo. 5, c. 41), s. 3
—
Betting and Lotteries Act, 1934 (24 & 25 Geo. 5, c. 58), s. 18 (5)
—
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), s. 137 (a) (f) (g).