Words and Phrases - "ordinary course of the trade"

a
82
b
44
c
75
d
50
e
37
f
31
g
17
h
13
i
71
j
2
k
2
l
30
m
51
n
25
o
38
p
79
q
2
r
73
s
85
t
44
u
14
v
8
w
20
y
2
“
1

General Motors Acceptance Corp. (U.K.) Ltd. v. I.R.C., [1985] BTC 324 (HC), aff'd [1987] BTC 71 (C.A.)

Summary Under
Tax Topics - Income Tax Regulations - Regulation 1100 - Subsection 1100(17)
cars were sold in ordinary course of finance company's trade

In the ordinary course of trade of a finance subsidiary ("GMAC"), it provided a financial package to car dealers, which entailed (1) GMAC...

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Words and Phrases
ordinary course of the trade

Reed v. Nova Securities Ltd., [1985] BTC 121 (HL)

Summary Under
Tax Topics - Income Tax Act - Section 112 - Subsection 112(2.1)

As interpreted in General Motors Acceptance Corporation (U.K.) Ltd. v. IRC, [1987] BTC 71 (C.A.).

Shares acquired by the taxpayer did not...

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Words and Phrases
trading stock ordinary course of the trade