Rutledge v CIR

CS 1929 14 TC 490

On a business trip to Germany a taxpayer purchased one million toilet rolls.  On returning to the UK the sole consignment of toilet rolls were sold to one individual for a profit.  The profit made on this large quantity single purchase and resale item was ‘an adventure in the nature of trade’.  The case was decided on the fact that the purchase was not made for own use or investment purposes.