NO. 897.–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION).–

24TH AND 25TH JULY, 1933

Sur-tax – Year of assessment – Unpaid interest – Whether assessable in year in which due and payable – Finance Act, 1927 (17 & 18 Geo. V c. 10) Section 39 (2).

  The Appellant advanced several sums on mortgage to a trading firm. The interest due on the advances was paid up to September, 1929, but since that date no payments either in respect of principal or interest had been made. In March, 1931, the firm being in financial difficulties, a receiver and manager was appointed and he had thereafter carried on the business.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.