Wisdom v. Chamberlain (1968), 45 TC 92 (C.A.)

In finding that a gain resulting from the purchase of silver by the U.K. taxpayer in order to hedge against a devaluation of the pound was...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

On the advice of his accountant the taxpayer used borrowed money to purchase £200,000 worth of silver, with a right to put the silver back to the...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.