Cases
Bastion Management Ltd. v. The Queen, 95 DTC 5238, [1995] 2 CTC 252 (FCA)
Before finding that the inventory allowance was not available to a commodities future trader who purchased bullion shortly before its year-end on...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(gg) | physical trades not in ordinary course of futures trader's business | 179 |
See Also
DMWSHNZ Ltd. v. Commissioners for Her Majesty's Revenue and Customs, [2015] BTC 32, [2015] EWCA Civ 1036
Lewison LJ stated (at paras. 20, 50):
The parties were largely content to rely on the discussion in Barclays Mercantile Business Finance Ltd v...
| Locations of other summaries | Wordcount | |
|---|---|---|
| Tax Topics - Income Tax Act - Section 69 - Subsection 69(1) - Paragraph 69(1)(b) | repaid notes not disposed of to issuer | 323 |