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Volume 3 First Supplement

Publication Date: Jun 1988

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DIGEST OF CASES REPORTED

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  Decision No. Download
APPEALS    

absent witness - evidence in writing - weight to be attached to such evidence  

D3/88 Download D3/88 (DOC) - English Download D3/88 (PDF) - English

additional assessment - whether taxpayer could claim a deduction which had been disallowed on original assessment - s 64(1)(c) of the Inland Revenue Ordinance  

D67/87 Download D67/87 (DOC) - English Download D67/87 (PDF) - English

Board of Review - award of costs for unmeritorious appeal -s 68(9) of the Inland Revenue Ordinance  

D7/88 Download D7/88 (DOC) - English Download D7/88 (PDF) - English

mistake by tax representative alleged - need for evidence  

D7/88 Download D7/88 (DOC) - English Download D7/88 (PDF) - English

mistake by tax representative alleged - need for evidence  

D8/88 Download D8/88 (DOC) - English Download D8/88 (PDF) - English

penalty assessment - whether Board of Review on appeal can increase penalties - ss 68(8)(a) and 82B(3) of the Inland Revenue Ordinance  

D2/88 Download D2/88 (DOC) - English Download D2/88 (PDF) - English
ASSESSMENTS    

error - power to correct assessment - whether this power applies to an estimated assessment - s 70A of the Inland Revenue Ordinance  

D66/87 Download D66/87 (DOC) - English Download D66/87 (PDF) - English

further assessment - whether such assessment can be based on information which was before the assessor at the time of the first assessment - extent to which information must have been disclosed - s 70 of the Inland Revenue Ordinance  

D5/88 Download D5/88 (DOC) - English Download D5/88 (PDF) - English

past practice - whether assessor bound to past practice when making an assessment  

D68/87 Download D68/87 (DOC) - English Download D68/87 (PDF) - English

profits tax - statement of loss - whether an 'assessment' -whether 'final and conclusive' - s 70 of the Inland Revenue Ordinance  

D5/88 Download D5/88 (DOC) - English Download D5/88 (PDF) - English
INTERPRETATION    

principles of interpretation of tax statutes - need to avoid absurdity  

D66/87 Download D66/87 (DOC) - English Download D66/87 (PDF) - English
PENALTY ASSESSMENT    

whether Board of Review on appeal can increase penalties - s 82B of the Inland Revenue Ordinance  

D2/88 Download D2/88 (DOC) - English Download D2/88 (PDF) - English

whether penalties could be imposed on taxpayers who fail duly to lodge returns but subsequently submit correct returns - s 82A (l)(ii) of the Inland Revenue Ordinance  

D2/88 Download D2/88 (DOC) - English Download D2/88 (PDF) - English

whether penalties excessive - general yardstick for calculation of penalties - s 82A of the Inland Revenue Ordinance  

D2/88 Download D2/88 (DOC) - English Download D2/88 (PDF) - English

whether penalties excessive - grounds for reduction - s 82A of the Inland Revenue Ordinance

D63/87 Download D63/87 (DOC) - English Download D63/87 (PDF) - English
PROFITS TAX    

change of intention - development of investment properties after a decision had been made to sell them - whether an adventure in the nature of trade - s 14 of the Inland Revenue Ordinance  

D65/87 Download D65/87 (DOC) - English Download D65/87 (PDF) - English

company director - eight directorships - whether carrying on a profession and therefore subject to profits tax - s 14 of the Inland Revenue Ordinance   

D6/88 Download D6/88 (DOC) - English Download D6/88 (PDF) - English

deductions - interest - apportionment of interest expense incurred to produce assessable and non-assessable income - whether formula appropriate - s 16(l)(a) of the Inland Revenue Ordinance  

D68/87 Download D68/87 (DOC) - English Download D68/87 (PDF) - English

loss from prior year - final and conclusive assessment from prior year showing profit - whether loss deductible - ss 19(2) and 19C (4) of the Inland Revenue Ordinance  

D66/87 Download D66/87 (DOC) - English Download D66/87 (PDF) - English

loss from prior year - whether loss must be claimed in the next profitable year or may be deferred until any subsequent year - s 19C (4) of the Inland Revenue Ordinance  

D66/87 Download D66/87 (DOC) - English Download D66/87 (PDF) - English

purchase and immediate resale of flat - whether profits were trading gains or realization of capital - s 14 of the Inland Revenue Ordinance  

D64/87 Download D64/87 (DOC) - English Download D64/87 (PDF) - English

sale of godowns - unforeseen factors causing investment returns to be lower than projected - whether profits were trading gains or realization of capital - s 14 of the Inland Revenue Ordinance  

D65/87 Download D65/87 (DOC) - English Download D65/87 (PDF) - English

sale of land - business premises - whether profits were trading gains or realization of capital - evidential matters - s 14 of the Inland Revenue Ordinance   

D69/87 Download D69/87 (DOC) - English Download D69/87 (PDF) - English

sale of land - whether profits were trading gains or realization of capital - evidential matters: prospectus, statement of intention, treatment in accounts and long holding period - s 14 of the Inland Revenue Ordinance  

D5/88 Download D5/88 (DOC) - English Download D5/88 (PDF) - English

sale of land - whether profits were trading gains or realization of capital - evidential matters: renovation of properties, grant of new tenancies and minutes - s 14 of the Inland Revenue Ordinance  

D3/88 Download D3/88 (DOC) - English Download D3/88 (PDF) - English

sale of land - whether trading gains or realization of capital - evidential matters: statement of intention - s 14 of the Inland Revenue Ordinance  

D8/88 Download D8/88 (DOC) - English Download D8/88 (PDF) - English

sale of shares in subsidiary - whether holding company can trade in the assets of its subsidiaries - whether profits were trading gains or realization of capital - s 14 of the Inland Revenue Ordinance   

D65/87 Download D65/87 (DOC) - English Download D65/87 (PDF) - English

sale of trading stock - compulsory acquisition - whether resumption proceeds could be assessable - s 14 of the Inland Revenue Ordinance  

D5/88 Download D5/88 (DOC) - English Download D5/88 (PDF) - English

sale of trading stock - compulsory acquisition - whether resumption proceeds could be assessable - s 14 of the Inland Revenue Ordinance  

D8/88 Download D8/88 (DOC) - English Download D8/88 (PDF) - English

ship-owner - charter - whether ship-owner was liable to profits tax on freight fees paid by shippers to charterer - s 23B of the Inland Revenue Ordinance  

D1/88 Download D1/88 (DOC) - English Download D1/88 (PDF) - English

source - reinvoicing scheme - whether profits were sourced in Hong Kong - s 14 of the Inland Revenue Ordinance  

D29/84 Download D29/84 (DOC) - English Download D29/84 (PDF) - English

source of profits - film distribution overseas - taxpayer carried on all his activities in Hong Kong - whether profits arose in or derived from Hong Kong - s 14 of the Inland Revenue Ordinance  

D9/88 Download D9/88 (DOC) - English Download D9/88 (PDF) - English

whether taxpayer an employee or independent contractor -s 14 of the Inland Revenue Ordinance  

D67/87 Download D67/87 (DOC) - English Download D67/87 (PDF) - English
SALARIES TAX    

company director - eight directorships - whether holding an 'office' and therefore subject to salaries tax - s 8(1) (a) of the Inland Revenue Ordinance  

D6/88 Download D6/88 (DOC) - English Download D6/88 (PDF) - English

deductions - whether permitted - s 12(1) of the Inland Revenue Ordinance  

D67/87 Download D67/87 (DOC) - English Download D67/87 (PDF) - English

shareholder owning company which carried on consultancy business - shareholder appointed director of other companies - whether director's fees were earned by the shareholder or his company  

D6/88 Download D6/88 (DOC) - English Download D6/88 (PDF) - English

whether taxpayer an employee or independent contractor - s 8(1) of the Inland Revenue Ordinance  

D67/87 Download D67/87 (DOC) - English Download D67/87 (PDF) - English
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