Property Loan and Investment Company v Revenue Commissioners

• Jurisdiction: Ireland
• Court: High Court
• Judgment Date: 13 December 1946
• Date: 13 December 1946

Property Loan and Investment Company

and

Revenue Commissioners

- Liability to assessment - Company carrying on "the business of building society" - Loans advanced to persons not being members of the company - Finance Act, 1929 (No. 32 of 1929), s. 33, sub-s. 1 (d).

1. Sect. 33, sub-s. 1 (d), of the Finance Act, 1929, provides that Part V of the Finance Act, 1920 (which imposes corporation profits tax) shall not apply "in the case of a company which carries on, either solely or in conjunction with...