Guernsey Judgment 65/2003 - Carpenter v Administrator of Income Tax

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Income Tax (Guernsey) Law, 1975 - appeal by way of case stated from Guernsey Tax Tribunal - whether in the circumstances of the case profit on the purchase and sale of a single property was assessable to income tax - badges which identify a transaction as an adventure in the nature of trade - procedure followed by the Tribunal - whether the Tribunal's finding was a true and reasonable conclusion open to it on the facts - principles of natural justice must be observed.