COLQUHOUN (Surveyor of Taxes) v BROOKS. (l) (1883-1890) 2 TC 490
NO. 116.–HOUSE OF LORDS,
16TH, 17TH May, 1ST, 4TH, 5TH JULY, and 9TH AUGUST 1889.
Income Tax. – Trade carried on Abroad. – Foreign Possessions. – A person resident in this country is partner in a firm engaged in a trade carried on entirely out of the United Kingdom.
Held, That his partnership is a foreign or colonial possession chargeable under the 5th Case of Schedule D., and consequently he is liable only in respect of so much of the profit accruing to him as is remitted to this country.