MALCOLM GUNN FTII, TEP examines the 'wholly and exclusively' rule in the context of Schedule D.
THESE ARE THE thoughts of Chairman Gunn on the 'wholly and exclusively' rule applicable to Schedule D, Cases I and II. Already I can hear the shouts in response: 'He's finally flipped! We know this old stuff better than he does. We have analysed it, agonised over it and argued it down countless years and there's nothing he can tell us about it that we don't already know!'
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