Hugh v Rogers (H.M. Inspector of Taxes) (1956-1960) 38 TC 270
HIGH COURT OF JUSTICE (CHANCERY DIVISION)–
10TH DECEMBER, 1958
Income Tax, Schedule D – Payment received as agent’s commission from insurance company – Income Tax Act, 1952 (15 & 16 Geo. VI & 1 Eliz. II, c. 10), Schedule D, Case VI.
In 1937 the Appellant insured his life with P Ltd., having been offered agency terms by that company. Under these terms he was appointed an agent of the company and the premiums he paid were reduced by the commission on his policies. He did not thereafter introduce any other clients to P Ltd.