The Weekly Law Reports
[1958] 1 WLR 705
[COURT OF APPEAL.]
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.
1958 April 21,
22,
23,
24;
May 7.
May 7.
Lord Evershed M.R., Morris and Ormerod L.JJ.
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
— “Working expenses”
— Meaning
—
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).