Collyer (Inspector Of Taxes) v Hoare and Co Ltd

Subject Matter

REVENUE — Income tax — Profits of trade — Deduction of Expenses — Brewery Company — Tied Houses — Premiums paid by Tenants — Rent forgone for Purposes of Trade — Premiums taken into Account — Loss of Rent on specified Tied Houses — No Loss on Tied Houses in aggregate — No Deduction — Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40), Schedule D, Rules applicable to Cases 1 and 2, r. 3.