The Executors of Arthur Marshall, deceased, The Executors of E W Hood, deceased,and Louis James Rogers v R R Joly (HM Inspector of Taxes)
Income Tax – Executors – Realisation of estate – “Carrying on trade.”
M H and R carried on in partnership a trade of dealing in land. Land purchased by the
partnership was, by agreement, developed and sold by a limited company, and the price to be
paid to the partnership for the land so developed was fixed after the sale.
