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Volume 1 Second Supplement

Publication Date: Apr 1975

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DIGEST OF CASES REPORTED

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  Decision No. Download
PROFITS TAX    

Acquisition of agricultural land by landowner for the purpose of exchange for building land—development and sale of land—whether transactions were in the nature of a trade subject to profits tax  

BR20/73 Download BR20/73 (DOC) - English Download BR20/73 (PDF) - English

Trading loss—sales of securities on the New York Stock Exchange resulting in loss—whether loss arose in or was derived from the Colony to be set off in computing assessable profits of taxpayer  

BR18/73 Download BR18/73 (DOC) - English Download BR18/73 (PDF) - English
SALARIES TAX    

Ascertainment of assessable income—assessment of salaries tax on sums paid by company to taxpayer as managing director—sums received by taxpayer as salary were applied to discharge company's debts and expenses—whether such sums should be discounted for the purpose of salaries tax  

BR4/74 Download BR4/74 (DOC) - English Download BR4/74 (PDF) - English

Income arising in or derived from the Colony . . . from any office or employment of profit—taxpayer employed by a foreign company registered in Hong Kong under the Companies Ordinance (Cap. 32) and registered under the Business Registration Ordinance (Cap. 310)—under the terms of employment taxpayer required to travel outside Hong Kong to direct and supervise all Service Personnel of the company in the Far East—salary paid in Hong Kong out of funds remitted to Hong Kong from abroad—whether income arose in or derived from the Colony  

BR3/74 Download BR3/74 (DOC) - English Download BR3/74 (PDF) - English

Income arising in or derived from the Colony . . . from office or employment of profit—taxpayer employed in Hong Kong by a company incorporated in the United States and having an office in Hong Kong—his employment required him to work in the company's Hong Kong office and in offices located in a number of countries in the Far East—employee's salary was paid in Hong Kong, in Hong Kong currency—whether the employee's salary for the period spent out of Hong Kong was liable for salaries tax—Inland Revenue Ordinance, s. 8(1)  

BR5/74 Download BR5/74 (DOC) - English Download BR5/74 (PDF) - English

Membership subscriptions to professional associations— whether such payments were deductible in ascertaining net chargeable income under section 12(l)(b) of the Inland Revenue Ordinance  

BR19/73 Download BR19/73 (DOC) - English Download BR19/73 (PDF) - English

Taxpayer was paid full salary whilst on study leave—whether travelling expenses incurred during period of study leave were deductible expenses under section 12(1)(b) of the Inland Revenue Ordinance  

BR17/73 Download BR17/73 (DOC) - English Download BR17/73 (PDF) - English
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