Hearings
England & Wales
07 Dec 1962 [1963] 1 WLR 173; [1963] 1 All ER 318, Ch D
18 Jul 1963 [1963] 1 WLR 1223; [1963] 3 All ER 299, CA
04 Jun 1964 [1965] AC 631; [1964] 1 WLR 742; [1964] 2 All ER 691; 41 TC 666, HL(E)
F S Securities Ltd v Inland Revenue Comrs
Additional names
Subject Matter
REVENUE — Income tax — Profits of trade — Securities — Dividends — Dealer in securities — Whether dividends taxed at source trading receipts or investment income — Whether dealer “investment company” — Income Tax Act, 1952, ss 257 (2), 525 (1)
[1965] AC 631; [1963] 1 WLR 1223; [1963] 1 WLR 173; [1964] 1 WLR 742
REVENUE — Surtax — Company — Investment company — “Investment income” — Income from dividend stripping — Whether dealer “investment company” — Income Tax Act, 1952, ss 257 (2), 525 (1)
[1965] AC 631; [1963] 1 WLR 1223; [1963] 1 WLR 173; [1964] 1 WLR 742
Appellate History
F S Securities Ltd v Inland Revenue Comrs [1963] 1 WLR 173; [1963] 1 All ER 318, Ch D
Decision of Ungoed-Thomas J affirmed
F S Securities Ltd v Inland Revenue Comrs [1963] 1 WLR 1223; [1963] 3 All ER 299, CA
F S Securities Ltd v Inland Revenue Comrs [1963] 1 WLR 1223; [1963] 3 All ER 299, CA
Decision of the Court of Appeal reversed
F S Securities Ltd v Inland Revenue Comrs [1965] AC 631; [1964] 1 WLR 742; [1964] 2 All ER 691; 41 TC 666, HL(E)