Commentary

B5.660 Concerns where profits arise out of land—tolls

Business tax
Business tax | Commentary

B5.660 Concerns where profits arise out of land—tolls

Business tax | Commentary

B5.660 Concerns where profits arise out of land—tolls

Tolls and similar concerns are also charged to tax on trading profits1. It has been held that a rate or duty granted by statute on coal landed on a beach, or otherwise brought into a town, was a profit from a concern, and therefore taxable, notwithstanding that the profit went into a common fund from which the cost of public services was defrayed2. Dues levied on ships navigating the estuary of a river have been held for this purpose to be of the same nature as tolls3. Payments under statute towards the

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