Commentary

B5.658 Concerns where profits arise out of land—drains

Business tax
Business tax | Commentary

B5.658 Concerns where profits arise out of land—drains

Business tax | Commentary

B5.658 Concerns where profits arise out of land—drains

It is necessary that the person whom HMRC seek to tax on trading profits should be carrying on the concern; and therefore where a sewer was vested in a local authority, which received sums from other authorities for the use of a portion of the sewer, it was held that there was no concern, because no trading operations were being carried on1.

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