The Weekly Law Reports
[1963] 1 WLR 1223
[COURT OF APPEAL.]
F. S. SECURITIES LTD.
v.
INLAND REVENUE COMMISSIONERS.
1963 June 13,
14,
17,
18,
19;
July 18.
July 18.
Sellers, Donovan and Russell L.JJ.
Revenue
— Income tax
— Profits of trade
— Dividend stripping
— Dealer in stocks and shares
— Whether dividends “investment income”
— Whether investment company
—
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), ss. 257 (2), 525 (1).
[1]
Revenue
— Surtax
— Company
— Investment company
— “Investment income”
— Income from dividend stripping
— Whether dealer “investment company”
—
Income Tax Act, 1952, ss. 257 (2), 525 (1).