The Weekly Law Reports
[1964] 1 WLR 742
[HOUSE OF LORDS.]
INLAND REVENUE COMMISSIONERS APPELLANTS; AND F. S. SECURITIES LTD. (FORMERLY FEDERATED SECURITIES LTD.) RESPONDENT.
[ON APPEAL FROM F. S. SECURITIES LTD. v. INLAND REVENUE COMMISSIONERS.]
1964 April 14,
15,
16;
June 4.
June 4.
LORD REID, VISCOUNT RADCLIFFE, LORD HODSON, LORD GUEST and LORD UPJOHN.
Revenue
— Income tax
— Profits of trade
— Dividend stripping
— Dealer in stocks and shares
— Dividends taxed at source
— Whether charged under Schedule D
— Whether “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).