The Weekly Law Reports
[1953] 3 WLR 549
[CHANCERY DIVISION.]
SHARKEY (INSPECTOR OF TAXES)
v.
WERNHER.
1953 July 21,
22,
24.
Vaisey J.
Revenue
— Income tax
— Stud farm
— Trade under Sch. D
— Racing stables
— Recreational and not taxable
— Transfer of horses from stud to stables
— Value attributable to transferred horses in stud farm accounts.