§ Captain Kerbyasked the Chancellor of the Exchequer under what regulation his Department taxes compensation received for damage to a capital asset, details of which have been sent to him by the hon. Member for Arundel and Shoreham.
§ Sir E. BoyleIn the case to which my hon. and gallant Friend refers it appeared to the Inland Revenue that the compensation was paid for damage to trading stock; and on this basis it fell to be treated as a revenue receipt on ordinary tax principles.