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Volume 19 First Supplement

Publication Date: Jan 2005

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DIGEST OF CASES REPORTED

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  Decision No. Download
PENALTY TAX    

attempt to vary settlement agreement — whether quantum excessive — co-operation  

D41/04 Download D41/04 (DOC) - English Download D41/04 (PDF) - English
PERSONAL ASSESSMENT    

deduction for losses — disposal of properties — intention at the time of acquisition — whether the properties are capital assets or trading assets — ss 14(1), 2(1),42(2) & 68(4) of the Inland Revenue Ordinance ("IRO")  

D25/04 Download D25/04 (DOC) - English Download D25/04 (PDF) - English

personal assessment on the total income of an individual — allowable deduction for interest payable on any money borrowed for the purpose of producing that part of the rental income — burden of proof on the appellant — ss 42(1) and 68(4) of the Inland Revenue Ordinance ("IRO"). [Decision in Chinese]  

D27/04 Download D27/04 (DOC) - Traditional Chinese Download D27/04 (PDF) - Traditional Chinese
PROFITS TAX    

convertible participating certificates — annual income — profits from disposition — s 26 of the Inland Revenue Ordinance ("IRO")  

D44/04 Download D44/04 (DOC) - English Download D44/04 (PDF) - English

interest expenses attributable to the payment of dividend — s 16(1)(a) of the Inland Revenue Ordinance ("IRO")  

D34/04 Download D34/04 (DOC) - English Download D34/04 (PDF) - English

ss 2, 14(1) and 68(4) of the Inland Revenue Ordinance — whether a property is a capital asset or trading asset — intention of the taxpayer at the time of acquisition of the property must be genuinely held, realistic and realizable — burden of proof on the taxpayer  

D47/04 Download D47/04 (DOC) - English Download D47/04 (PDF) - English
PROPERTY TAX    

s 42(1) of the Inland Revenue Ordinance — whether a global deduction of interest payable against the total taxable property income  

D51/04 Download D51/04 (DOC) - English Download D51/04 (PDF) - English
SALARIES TAX    

apportionment of income to services rendered outside of Hong Kong within meaning of s 8(1A)(a) of the Inland Revenue Ordinance ("IRO") — whether the time apportionment basis should be accepted — whether taxpayer discharged burden of proof in demonstrating that services rendered in Hong Kong was less than that calculated on the time apportionment basis  

D28/04 Download D28/04 (DOC) - English Download D28/04 (PDF) - English

deductions — whether reparation to employer "expenses" — ss 11D, 12(1)(a) and 68(4) of the Inland Revenue Ordinance ("IRO")  

D35/04 Download D35/04 (DOC) - English Download D35/04 (PDF) - English

extension of time for appeal — whether appellant established a proper case for an extension of time to file a notice of appeal under s 66(1A) of the Inland Revenue Ordinance ("IRO") — whether appellant was prevented by "reasonable cause" other than illness from giving notice of appeal to the Board of Review promptly  

D26/04 Download D26/04 (DOC) - English Download D26/04 (PDF) - English

gain on share option — Hong Kong sourced vs non-Hong Kong sourced employment — vesting period — services rendered in Hong Kong during non-Hong Kong sourced employment — time apportionment basis — severance payment — whether tax-exempt or not depends not on the label but on all the circumstances in which the payment was made — ss 8 and 9 of the Inland Revenue Ordinance ("IRO")  

D32/04 Download D32/04 (DOC) - English Download D32/04 (PDF) - English

home loan interest — refinance of mortgage — obtained or obtained wholly for the acquisition of a dwelling — s 26E of the Inland Revenue Ordinance ("IRO")  

D33/04 Download D33/04 (DOC) - English Download D33/04 (PDF) - English

payment upon termination in addition to payment in lieu — whether compensation  

D43/04 Download D43/04 (DOC) - English Download D43/04 (PDF) - English

s 12(1)(a) of the Inland Revenue Ordinance — whether the item of expenditure qualified as deductible expense  

D45/04 Download D45/04 (DOC) - English Download D45/04 (PDF) - English

source of income — whether arising in or derived from Hong Kong — statutory exemption — whether all services rendered outside Hong Kong — 60 days grace period — ss 8(1), 8(1A)(b), 8(1B) & 68(4)of the Inland Revenue Ordinance ("IRO")  

D39/04 Download D39/04 (DOC) - English Download D39/04 (PDF) - English

tenancy agreement between employer and employee — ss 8, 9(1), 9(2), 61 and 68(4) of the Inland Revenue Ordinance ("IRO")  

D38/04 Download D38/04 (DOC) - English Download D38/04 (PDF) - English

whether Revenue estopped from raising salaries tax assessments — whether payments made by employer constituted rental refunds — whether taxpayer intended to create a legally binding sub-tenancy agreement with a related company as landlord — whether letting arrangements constituted an artificial or fictitious transaction under s 61 of the Inland Revenue Ordinance ("IRO")  

D30/04 Download D30/04 (DOC) - English Download D30/04 (PDF) - English

whether severance payment and special notice payment income from employment  

D37/04 Download D37/04 (DOC) - English Download D37/04 (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 30.11.2004), please click here.

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