– see also Capital or revenue receipts

Accountancy principles

– see Accountancy principles and practices

Close-down of competitor

Case Law – Walker (H.M. Inspector of Taxes) v. Joint Credit Card Company Ltd. [1982] BTC 168

Compensation and damages

– see Compensation and damages

Convertibility into money

Commentary – Tax Reporter ¶106-080
Case Law – DALY v. THE COMMISSIONERS OF INLAND REVENUE ; TENNANT v. SMITH (Surveyor of Taxes).

Discharge of promissory note

Case Law – Ditchfield (H.M. Inspector of Taxes) v. Sharp and Ors. [1983] BTC 360 ; Ditchfield (H.M. Inspector of Taxes) v. Trustees of the Orwell Share Settlement. [1982] BTC 39

Distinction between income and capital

Commentary – Tax Reporter ¶106-000 ; Tax Reporter ¶205-475
HMRC Guidance – BIM31060 ; BIM31065
Case Law – (1) RYALL (H.M. INSPECTOR OF TAXES) v. HOARE. (2) RYALL (H.M. INSPECTOR OF TAXES) v. HONEYWILL. ; (1) THE COMMISSIONERS OF INLAND REVENUE v. GEORGE BURRELL. (2) THE COMMISSIONERS OF INLAND REVENUE v. WILLIAM BURRELL. ; (1) THE COMMISSIONERS OF INLAND REVENUE v. JOHN BLOTT. (2) THE COMMISSIONERS OF INLAND REVENUE v. BENJAMIN ISAAC GREENWOOD. ; 1. THE REES ROTURBO DEVELOPMENT SYNDICATE, LIMITED v. DUCKER (H.M. INSPECTOR OF TAXES). 2. THE REES ROTURBO DEVELOPMENT SYNDICATE, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; ATTORNEY-GENERAL v. LONDON COUNTY COUNCIL. ; COLTNESS IRON COMPANY v. BLACK (Surveyor of Taxes). ; COMMISSIONERS OF INLAND REVENUE v. BRITISH SALMSON AERO ENGINES, LTD. BRITISH SALMSON AERO ENGINES, LTD. v. COMMISSIONERS OF INLAND REVENUE ; Commissioners of Inland Revenue v. Corporation of London (as Conservators of Epping Forest) ; GOLDEN HORSE SHOE (NEW), LTD. v. THURGOOD (H.M. INSPECTOR OF TAXES) ; GRANITE SUPPLY ASSOCIATION, LIMITED, v. KITTON (Surveyor of Taxes) ; Harry Ferguson (Motors), Ltd. v. Commissioners of Inland Revenue ; JOHN SMITH AND SON v. MOORE (H.M. INSPECTOR OF TAXES). ; LAMBE v. THE COMMISSIONERS OF INLAND REVENUE ; Lawson v. Rolfe (H.M. Inspector of Taxes) ; MERSEY DOCKS AND HARBOUR BOARD v. LUCAS. ; OUNSWORTH (Surveyor of Taxes) v. VICKERS, LIMITED. ; THE COMMISSIONERS OF INLAND REVENUE v. FISHER'S EXECUTORS. ; THE HUDSON'S BAY Co., LTD., v. STEVENS (Surveyor of Taxes). ; WILLIAMSON v. OUGH (H.M. INSPECTOR OF TAXES)

Generally

Commentary – Tax Reporter ¶106-000
Case Law – (1) RYALL (H.M. INSPECTOR OF TAXES) v. HOARE. (2) RYALL (H.M. INSPECTOR OF TAXES) v. HONEYWILL. ; (1) THE COMMISSIONERS OF INLAND REVENUE v. GEORGE BURRELL. (2) THE COMMISSIONERS OF INLAND REVENUE v. WILLIAM BURRELL. ; (1) THE COMMISSIONERS OF INLAND REVENUE v. JOHN BLOTT. (2) THE COMMISSIONERS OF INLAND REVENUE v. BENJAMIN ISAAC GREENWOOD. ; 1. THE REES ROTURBO DEVELOPMENT SYNDICATE, LIMITED v. DUCKER (H.M. INSPECTOR OF TAXES). 2. THE REES ROTURBO DEVELOPMENT SYNDICATE, LIMITED v. THE COMMISSIONERS OF INLAND REVENUE. ; ATTORNEY-GENERAL v. LONDON COUNTY COUNCIL. ; COLTNESS IRON COMPANY v. BLACK (Surveyor of Taxes). ; COMMISSIONERS OF INLAND REVENUE v. BRITISH SALMSON AERO ENGINES, LTD. BRITISH SALMSON AERO ENGINES, LTD. v. COMMISSIONERS OF INLAND REVENUE ; Commissioners of Inland Revenue v. Corporation of London (as Conservators of Epping Forest) ; GOLDEN HORSE SHOE (NEW), LTD. v. THURGOOD (H.M. INSPECTOR OF TAXES) ; GRANITE SUPPLY ASSOCIATION, LIMITED, v. KITTON (Surveyor of Taxes) ; Harry Ferguson (Motors), Ltd. v. Commissioners of Inland Revenue ; JOHN SMITH AND SON v. MOORE (H.M. INSPECTOR OF TAXES). ; LAMBE v. THE COMMISSIONERS OF INLAND REVENUE ; Lawson v. Rolfe (H.M. Inspector of Taxes) ; MERSEY DOCKS AND HARBOUR BOARD v. LUCAS. ; OUNSWORTH (Surveyor of Taxes) v. VICKERS, LIMITED. ; THE COMMISSIONERS OF INLAND REVENUE v. FISHER'S EXECUTORS. ; THE HUDSON'S BAY Co., LTD., v. STEVENS (Surveyor of Taxes). ; WILLIAMSON v. OUGH (H.M. INSPECTOR OF TAXES)

Payments out of trust capital

Commentary – Tax Reporter ¶106-060
Case Law – THE TRUSTEES OF THE WILL OF H.K. BRODIE (DECEASED) v. THE COMMISSIONERS OF INLAND REVENUE

Release from option

Case Law – Bolton (H.M. Inspector of Taxes) v. International Drilling Co. Ltd. International Drilling Co. Ltd. v. Bolton (H.M. Inspector of Taxes). [1983] BTC 3

Similar items and substitutions

Commentary – Tax Reporter ¶106-020
Case Law – (1) DAVIES (H.M. INSPECTOR OF TAXES) v. PREMIER INVESTMENT CO., LTD. (2) HEWETSON v. CARLYLE (H.M. INSPECTOR OF TAXES) ; COMMISSIONERS OF INLAND REVENUE v. THOMAS NELSON & SONS, LTD. ; Dhendsa v Richardson (HMIT) ; LOMAX (H.M. INSPECTOR OF TAXES) v. PETER DIXON & SON, LTD. ; Willingale (H.M. Inspector of Taxes) v. International Commercial Bank Ltd.