Capital v Revenue
28/09/1992
Query
Whether video tapes in use in video rental shops should be classed as fixed assets or stock in trade.
Decision
The ordinary rules of commercial accounting apply. It is necessary to examine the facts of each case to determine whether video tapes are fixed assets or stock in trade
Income Tax
Section 18, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT923002