Edwards (Inspector of Taxes) v. Bairstow and Anor
[1956] A.C. 14(Judgment by: Lord Somervell of Harrow)
Between: Edwards (Inspector of Taxes) - Appellant
And: Bairstow and Anor - Respondents
Judges:
Viscount Simonds
Lord Radcliffe
Lord Tucker
Lord Somervell of Harrow
Subject References:
REVENUE
INCOME TAX
Profits of trade
Isolated transaction
Adventure in the nature of trade
Purchase and sale of spinning plant
Finding of General Commissioners
Review
Principles
Legislative References:
Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40) - Sch. D, Case I
Judgment date: 25 July 1955
Judgment by:
Lord Somervell of Harrow
My Lords, I have had the advantage of reading the opinion of my noble and learned friend Lord Radcliffe, in which I concur.
Appeal allowed.
Solicitors: Solicitor of Inland Revenue; Iliffe, Sweet & Co. for Laycock, Dyson & Laycock, Huddersfield.
By Sch. D to the Income Tax Act, 1918:
- "1.
- Tax under this Schedule shall be charged in respect of -
- (a)
- The annual profits or gains arising or accruing ...
- (ii)
- to any person residing in the United Kingdom from any trade, profession, employment or vocation ...
- 2.
- Tax under this Schedule shall be charged under the following Cases respectively;
- that is to say - Case I - Tax in respect of any trade not contained in any other Schedule ..."
By s. 237:
"... 'Trade' includes every trade, manufacture, adventure or concern in the nature of trade ..."
[1930] A.C. 415 ; 46 T.L.R. 296 .
(1954) 33 A.T.C. 131 , 133.
[1947] K.B. 349 , 353, 356, 356-7, 358; 63 T.L.R. 98 ; [1947] 1 All E.R. 126 .
(1904) 6 F. 894; 5 T.C. 159.
1910 S.C. 906; 5 T.C. 658.
(1924) 131 L.T. 248; 9 T.C. 141.
[1926] 1 K.B. 550 , 559; 42 T.L.R. 233 ; [1927] A.C. 312 ; 43 T.L.R. 116 .
1927 S.C. 251; 11 T.C. 538.
(1927) 11 T.C. 610.
1929 S.C. 379; 14 T.C. 490.
[1925] 2 K.B. 753 ; 41 T.L.R. 614 .
[1930] 1 K.B. 279 .
[1930] A.C. 415 ; 46 T.L.R. 296 .
[1925] 2 K.B. 753 .
1942 S.C. 493; 21 T.C. 498.
1952 S.C. 387; 34 T.C. 13.
1953 S.C. 49; 34 T.C. 389.
6 F. 894; 5 T.C. 159.
131 L.T. 248; 9 T.C. 141.
1927 S.C. 251; 11 T.C. 538.
[1926] 1 K.B. 550 .
1929 S.C. 379; 14 T.C. 490.
1942 S.C. 493; 21 T.C. 498.
[1930] A.C. 415 .
[1947] K.B. 439 .
[1925] 2 K.B. 753 .
1942 S.C. 493; 24 T.C. 498.
[1930] A.C. 415 .
[1930] A.C. 415 .
Ibid. 428.
1927 S.C. 251; 11 T.C. 538.
6 F. 894; 5 T.C. 159.
[1926] 1 K.B. 550 .
[1925] 2 K.B. 753 .
Ibid.
33 A.T.C. 131 , 133.
1942 S.C. 493; 21 T.C. 498.
1927 S.C. 251; 11 T.C. 538.
1952 S.C. 387; 34 T.C. 13.
1953 S.C. 49; 34 T.C. 389.
1942 S.C. 493; 24 T.C. 498.
[1930] A.C. 415 .
[1930] A.C. 415 .
[1930] 1 K.B. 279 , 288.
1952 S.C. 387; 34 T.C. 13.
1929 S.C. 790, 794-5, 796; 14 T.C. 684.
(1929) 14 T.C. 694, 699.
[1938] 1 K.B. 591 ; 54 T.L.R. 320 ; [1938] 1 All E.R. 93 .
6 F. 894; 5 T.C. 159.
[1930] A.C. 415 .
[1925] 2 K.B. 37 ; 41 T.L.R. 371 .
[1925] 2 K.B. 753 .
[1930] 1 K.B. 279 , 283-4, 301.
[1930] A.C. 415 , 421-2, 426.
[1947] K.B. 526 ; 63 T.L.R. 199 ; [1947] 1 All E.R. 282 .
[1930] A.C. 415 .
[1928] A.C. 217 ; 44 T.L.R. 374 .
[1928] A.C. 234 , 246, 247; 44 T.L.R. 374 .
[1928] 1 K.B. 507 , 515-6; 43 T.L.R. 796 .
[1928] A.C. 132 ; 44 T.L.R. 307 .
[1921] 2 K.B. 332 ; 37 T.L.R. 371 .
1939 S.C. 545; 22 T.C. 706.
1932 S.C. 87; 16 T.C. 381.
[1926] 1 K.B. 550 .
1929 S.C. 379; 14 T.C. 490
6 F. 894; 5 T.C. 159.
[1928] A.C. 132 , 140, 142.
6 F. 894; 5 T.C. 159.
1942 S.C. 493; 24 T.C. 498.
[1938] A.C. 415 .
1942 S.C. 493; 24 T.C. 498.
1 [1925] 2 K.B. 753 ; 41 T.L.R. 614 .
2 1953 S.C. 49, 56; 34 T.C. 389, 394.
3 [1930] 1 K.B. 279 .
4 [1925] 2 K.B. 753 .
5 [1930] A.C. 415 .
6 [1928] A.C. 234 ; 44 T.L.R. 374 .
7 1942 S.C. 493, 501; 24 T.C. 498, 504.
8 [1921] 2 K.B. 332 ; 37 T.L.R. 371 .
9 [1921] 2 K.B. 332 ; 37 T.L.R. 371 .
10 [1925] 2 K.B. 753 , 772-3.
11 1927 S.C. 251, 258; 11 T.C. 538, 545-6.
12 [1930] A.C. 415 .
13 (1925) 133 L.T. 582, 585; 41 T.L.R. 345 .
14 [1925] 2 K.B. 753 .
15 [1925] 2 K.B. 753 , 768.
16 Ibid. 772.
17 1942 S.C. 493, 497-8; 24 T.C. 498, 501.
18 1952 S.C. 387, 393; 34 T.C. 13, 18-9.
19 [1925] 2 K.B. 753 .