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Volume 12 Second Supplement

Publication Date: Apr 1998

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DIGEST OF CASES REPORTED

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  Decision No. Download
PENALTY TAX    

delay by corporate taxpayer in filing profits tax returns - whether penalty tax assessment excessive or incorrect  

D69/97 Download D69/97 (DOC) - English Download D69/97 (PDF) - English

omission from tax return of part of salary - omission as a result of carelessness - whether penalty tax of 24.8% excessive - Inland Revenue Ordinance s 82A  

D18/97 Download D18/97 (DOC) - English Download D18/97 (PDF) - English
PROFITS TAX    

change of accounting date - basis period to be used - s 18E of the Inland Revenue Ordinance - whether the change artificial - whether sole or predominant purpose was to obtain a tax benefit - s 16A of the IRO  

D44/97 Download D44/97 (DOC) - English Download D44/97 (PDF) - English

depreciation allowance for common area and facilities in building not in the taxpayer's exclusive possession - whether plant or machinery for the purposes of producing profits  

D49/97 Download D49/97 (DOC) - English Download D49/97 (PDF) - English

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

D48/97 Download D48/97 (DOC) - English Download D48/97 (PDF) - English

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

D61/97 Download D61/97 (DOC) - English Download D61/97 (PDF) - English

purchase and sale of car parks - whether capital gain or taxable profit - management and consulting fee - ss 16 and 61 of the Inland Revenue Ordinance  

D39/97 Download D39/97 (DOC) - English Download D39/97 (PDF) - English

sale of exchanged land - whether capital gain or a transaction amounting to an adventure in the nature of trade   

D37/96 Download D37/96 (DOC) - English Download D37/96 (PDF) - English

sale of property - whether the original intention of the acquisition was for long term investment  

D59/97 Download D59/97 (DOC) - English Download D59/97 (PDF) - English

source of profit - import/export business - purchase of goods in Hong Kong with sale of goods to overseas customer negotiated by overseas agent - related sales activities, including processing of customer's order, carried out both in and outside Hong Kong - Inland Revenue Ordinance s 14(1)  

D51/97 Download D51/97 (DOC) - English Download D51/97 (PDF) - English

source of profit - rebates/discounts in respect of trades executed by overseas brokers on foreign stock exchange - s 16 - whether interest on subordinated loan redeposited offshore is deductible expense   

D71/97 Download D71/97 (DOC) - English Download D71/97 (PDF) - English
SALARIES TAX    

child allowance - interim application to summon a third party to attend - child allowance - s 31(1) - single parent allowance - s 32(1)  

D62/97 Download D62/97 (DOC) - English Download D62/97 (PDF) - English

income arising in or derived from Hong Kong - whether all services rendered outside Hong Kong - s 8(1B) - 60 days' rule  

D54/97 Download D54/97 (DOC) - English Download D54/97 (PDF) - English

payment made to employee to continue employment until transfer of employer's business - whether payment from employment or compensation for loss of employment - Inland Revenue Ordinance ss 8(1) and 9(1)  

D60/97 Download D60/97 (DOC) - English Download D60/97 (PDF) - English

s 8 (1A)(1B) - services rendered outside Hong Kong - whether liable to salaries tax  

D47/97 Download D47/97 (DOC) - English Download D47/97 (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 28.2.1998), please click here.

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