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Volume 11 Third Supplement

Publication Date: Jul 1997

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DIGEST OF CASES REPORTED

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  Decision No. Download
PENALTY TAX    

incorrect salaries tax return - failure to disclose gains from exercise of share options - first offender - ignorant of law - unintentional - 10% penalty under s 82A of Inland Revenue Ordinance  

D80/96 Download D80/96 (DOC) - English Download D80/96 (PDF) - English

incorrect salaries tax returns for two successive years - incorrectness caused by a continuing cavalier attitude - whether 25% of the amount of tax undercharged excessive in respect of the first year  

D62/96 Download D62/96 (DOC) - English Download D62/96 (PDF) - English

late filing of profits tax return - assessment of additional tax - considerations in arriving at the assessment of additional tax - whether absence of further warning reasonable excuse - s 82A of the Inland Revenue Ordinance  

D74/96 Download D74/96 (DOC) - English Download D74/96 (PDF) - English

late filing of profits tax return - second time offender - doubling the rate of the previous penalty - not outrageous, excessive or unacceptable - s 82A of Inland Revenue Ordinance  

D63/96 Download D63/96 (DOC) - English Download D63/96 (PDF) - English
PROFITS TAX    

allowable deductions - 'Agency Right Fee' - whether taxpayer entitled to deduct the sum of agency right fee in ascertaining profits - ss 16(1a) and 17(1) of the Inland Revenue Ordinance  

D89/96 Download D89/96 (DOC) - English Download D89/96 (PDF) - English

asset betterment - large unexplained transactions - taxpayer failed to discharge onus  

D67/96 Download D67/96 (DOC) - English Download D67/96 (PDF) - English

capital gains or trading profit - purchased property for user which would amount to breach of lease conditions  

D64/96 Download D64/96 (DOC) - English Download D64/96 (PDF) - English

deduction of financial cost under s 16(1) in assessing the assessable profit - whether interest payable has been deducted under s 16(1) of the Inland Revenue Ordinance  

D58/96 Download D58/96 (DOC) - English Download D58/96 (PDF) - English

joint purchase and sale of flat by three persons - whether adventure in nature of trade - claim by one of the taxpayers that flat was purchased as his residence - whether partnership existed between the persons assessed to profits tax - IRO ss 2(1), 14 and 22(1)  

D77/96 Download D77/96 (DOC) - English Download D77/96 (PDF) - English

whether profit derived from sale of a property assessable to profits tax  

D69/96 Download D69/96 (DOC) - English Download D69/96 (PDF) - English

whether profit derived from sale of property assessable to profits tax  

D68/96 Download D68/96 (DOC) - English Download D68/96 (PDF) - English
SALARIES TAX    

s 8(1) - whether income arising in or derived from Hong Kong - s 8(1B) - 60 days rule  

D78/96 Download D78/96 (DOC) - English Download D78/96 (PDF) - English

whether 'Severance pay' constitutes 'gratuity' which is taxable - ss 8(1) and 9(1) of the Inland Revenue Ordinance  

D90/96 Download D90/96 (DOC) - English Download D90/96 (PDF) - English

 

Note: The latest position of unsettled appeals is shown in either (a) Table of Appeals to Court of First Instance or (b) Table of Appeals to Court of Appeal/Court of Final Appeal. When the final outcome of an appeal is known, the position is set out in either table and will disappear in the next issue of Board of Review Decisions.

To view "Table of Appeals to Court of First Instance/Court of Appeal/Court of Final Appeal" (position as at 31.5.1997), please click here.

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