New Clause. — (Amendment of Schedule 14 of Income Tax Act, 1952.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 17 June 1952.

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(3) Provided that this section shall not apply to a sale of any property which in the opinion of the Commissioners is one of a series of transactions of which the sole or main benefit which might have been expected to accrue to the seller was the obtaining of such an allowance or deduction as is specified in paragraph (b) of subsection (1) of section three hundred and twenty-seven of the Income Tax Act, 1952. —[Mr. Stevens.]