|Source:||All England Reporter|
|Publisher Citation:|| All ER (D) 453|
|Representation||Lord Falconer of Thoroton QC, SG and Timothy Brennan (instructed by the Solicitor of Inland Revenue) for the Revenue.|
|Michael Flesch QC and Felicity Cullen (instructed by Maxwell Batley) for the trustees.|
|Judgment Dates:||14 October 1998|
Income tax - Exemption - Sub-underwriting commissions - Whether receipts of a trade carried on by trustees - (3), (2)(c).