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Fraser v. London Sports Car Centre Ltd., [1984] BTC 409 (HC), aff'd [1985] BTC 547 (C.A.) -- summary under Paragraph 20(1)(gg)

Full Title

Fraser v. London Sports Car Centre Ltd., [1984] BTC 409 (HC), aff'd [1985] BTC 547 (C.A.)

Summary Under

Tax Topics - Income Tax Act - Section 20 - Subsection 20(1) - Paragraph 20(1)(gg)

Sports cars that were supplied to a motor vehicle dealer subject to reservation of title by the supplier, were brought into account in computing...

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Read more about Fraser v. London Sports Car Centre Ltd., [1984] BTC 409 (HC), aff'd [1985] BTC 547 (C.A.) -- summary under Paragraph 20(1)(gg)

Reed v. Nova Securities Ltd., [1985] BTC 121 (HL) -- summary under Subsection 112(2.1)

Full Title

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.).

Words and Phrases

ordinary course of the trade

Read more about Reed v. Nova Securities Ltd., [1985] BTC 121 (HL) -- summary under Subsection 112(2.1)