Commentary

B5.631 Estate agents—overview

Business tax
Business tax | Commentary

B5.631 Estate agents—overview

Business tax | Commentary

Estate agents

B5.631 Estate agents—overview

In Aplin v White1 an estate agent had deposited money derived from rents collected on behalf of clients, pending remittance to the client. He contended that either the interest received did not belong to him or it was income earned in the course of his profession instead of being interest assessable under the former Schedule D Case III. It was conceded that there was no evidence to show that the interest was the taxpayer's income but that, nevertheless, he was correctly assessable under Schedule D Case III as the person receiving interest of

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