Characterisation of compensation: interim payments on insurance nationalisation can be treated as revenue receipts affecting assessment approach. Characterisation of interim compensation paid to life insurance concerns on nationalisation: where business is taken over to be worked more profitably rather than sterilised, the compensation may be regarded as a revenue receipt. The Board notes a High Court decision treating such compensation as a capital receipt, advises framing assessments in line with earlier instructions elsewhere, and directs officers and authorised representatives to advance the revenue receipt argument and report appellate outcomes to the Board.