VALLAMBROSA RUBBER CO., LTD., v FARMER (Surveyor of Taxes). (1903-1911) 5 TC 529
NO. 311.–COURT OF SESSION (SCOTLAND).–LORD CULLEN.–
7th January, 1910.
COURT OF SESSION (SCOTLAND). FIRST DIVISION. 1st and
16th March, 1910.
Income Tax, Schedule D., First and Second Cases, Rule 1. Deduction for expenses.–A Rubber Company have an estate, of which in the year under review one-seventh only produces rubber, the other six-sevenths being in process of cultivation for the production of rubber. (Rubber trees do not yield rubber until they are about six years old.) Expenditure for superintendence, weeding, &c., is incurred by the Company in respect of the whole estate.