The Weekly Law Reports
[1959] 1 WLR 667
[CHANCERY DIVISION.]
ABBOTT
v.
PHILBIN (INSPECTOR OF TAXES).
1959 March 17,
18,
19.
Roxburgh J.
Revenue— Income tax— Employment— Perquisite— Option to purchase shares— Purchase of option to subscribe for shares in employing company— Whether perquisite— Whether emolument— Whether taxable in the year of purchase or the year of exercise—
Income Tax Act, 1952 (15 & 16 Geo. 6 & 1 Eliz. 2, c. 10), Sch. 9, r. 1.