HC Deb 08 February 1960 vol 617 c12W
Captain Kerby

asked 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. Boyle

In 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.