HC Deb 22 June 1937 vol 325 c1163

That there shall be charged on any profits arising at any time during the five years commencing on the first day of April, nineteen hundred and thirty-seven, from any trade or business of any description (including, in the case of bodies corporate whose functions consist wholly or mainly in the holding of investments or other property, the holding of the investments or property), a tax not exceeding five per cent. of the amount of the profits."