TAX PAID ON ROYALTIES

Press, Volume XCVII, Issue 28754, 27 November 1958, Page 15

TAX PAID ON ROYALTIES

Hou?e Of Lords Ruling LZNDON. November 26. H _-e f Lords ruled yes- • £28.000 in royalties Peter Cheyney’s books -- *.* her: he died, until i- r :t taxable. 7 : zr.z Revenue tax inspcc.t -.r.ed to prove that tax x a.. ia?=c.e on the grounds that was a "property” with zi =.z.z zz. profits, newspapers - 2?mand covered tax on z z - frzzr. nearly 60 books, one titled "Making Crime » H-.-o cf Lords dismissed i T-r-m appeal from a court of tti-'L rrder affirming decisions of n- 2 .ze Harman and the Gen•~i Z : —missioners of Income T : --- Brcmley. Kent. agents and publishers V . r* taking legal advice to . - -aretrer rhe ruling will affect •t -? -f profitable literary figures. •“i ly said. ~t: renefit from the r« - according to the “Daily ’ be Mr Henry Bathurst, r— ‘izz.z brother of Lord B.irurst married Peter -*vc American-born widow ■=-7 is managing director “ Pb.e ney Ltd., the com•“ty formed before her zt ccr. prospect also unfolds -- ‘~ c c c sc» _ ndar.ts of Edgar . - A A Milne H G. Wells -r--_r Conan Doyle. Pit Frere. the daughter of ’ t. Wallace, said "this could -.-t-sa.'ds of pounds to me - - - brothers My father’s i.--“ still selling like hot •- ; H7-se cf Lords ruling yesrelated to royalties re- : 7 rv Mr Cheyney’s executor, ■- Alexander Collins, -t-:- rcr.tracts made between ■ - r-f.-r.ey and his publishers.