CTM40970 - Particular Trades: mutual concerns: mutuality

Cases that deal with the concept of mutuality are

  • Styles v New York Life Assurance Co (1889) 2TC460 바카라 사이트“ see BIM24027
  • Thomas v Richard Evans & Co Ltd and Jones v The South West Lancashire Coal Owners바카라 사이트™ Association Ltd (1927) 11TC790 바카라 사이트“ see BIM25115
  • Municipal Mutual Insurance Ltd v Hills (1932) 16TC430 바카라 사이트“ see BIM25105
  • Faulconbridge v National Employers바카라 사이트™ Mutual General Insurance Association Ltd (1952) 33TC103 바카라 사이트“ see BIM24105.

Payments or receipts from a mutual concern to a person who carries on a trade, profession or vocation are dealt with at BIM24555 to BIM24620.

Refer any important cases where there is a large amount of tax involved or difficult issues, including any case where it is argued that a trade is partly mutual and partly not, to CTIS (Technical).

An up to date copy of the body바카라 사이트™s constitutional documents (articles or rules) and copies of any contracts or agreements that deal with transactions with members should accompany the reference.