Higgs v. Olivier (1952), 33 TC 136 (C.A.) -- summary under Paragraph 12(1)(x)

By services, 28 November, 2015

Before going on to find that a lump sum received by an actor in consideration for his covenant not to exercise his vocation for a period of 18 months was a tax-free receipt, Sir Evershed M.R. stated (at p. 145) that "many sums of money received in the course of carrying on a trade, but not as a result of the trade as it was contemplated that it would be carried on in the normal course, may nevertheless be taxable".

Topics and taglines
Topic
Income Tax Act - s. 12(1)(x)
Words and phrases
in the course of
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
333756
Extra import data
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