Gibson,
J:—The
plaintiff
abandoned
his
“principal
residence”
submission.
According
to
the
evidence
he
had
not
closed
the
purchase
and
sale
of
any
of
the
subject
houses
and
accordingly
had
never
moved
into
any
of
them.
The
plaintiff’s
sole
submission
is
that
his
share
of
the
profit
from
the
proceeds
of
the
sale
of
the
three
houses
was
a
capital
gain
and
not
on
income
account.
On
the
evidence
before
this
court
the
conclusion
is
the
same
as
that
reached
by
the
Tax
Review
Board
per
M
J
Bonner,
Member,
on
the
evidence
before
it,
that
the
profit
was
on
income
account.
Accordingly,
the
appeal
is
dismissed
with
costs.
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