§ Mr. Houghtonasked the Chancellor of the Exchequer whether the cost of promotional advertising of a commercial article, including national coverage of free samples delivered by post, is chargeable against profits for taxation purposes under his regulations.
§ Mr. R. A. ButlerSuch outlay is admissible as a deduction in computing trading profits for taxation purposes if, not being of a capital nature, it is wholly and exclusively incurred for the purposes of the trade.