|
Decision
No
|
PROFITS TAX -
|
|
Investment company—property acquired for
redevelopment— sale of part of redeveloped property to meet
demand for discharge of overdraft account—no previous activity
of acquisition of property for redevelopment and sale—whether
profits derived from sale were accretions to capital
|
BR
9/74
(PDF file) |
Development company—profits on sale of shops on
short leases —whether shops were trading or capital assets of
company
|
BR
23/74
(PDF file) |
Cessation of business
under contract and commencement of new business under a new
contract—whether assessment should be in respect of
year of cessation or previous year
|
BR
2/75
(PDF file) |
Company acquired property fit for redevelopment
but sold it without redevelopment—profits on sale assessed to
tax—whether property was a capital or trading asset
|
BR
6/75
(PDF file) |
Interest earned on credit extended to buyer of
goods abroad—interest paid by bill of exchange accepted outside
Hong Kong—whether interest derived from the Colony—Inland
Revenue Ordinance, section 15(1)(f)
|
BR
20/75
(PDF file) |
Additional tax in certain cases—Inland Revenue
Ordinance, section
82A
—incorrect return or false information supplied effectively
understating income or profits chargeable to tax—no strict rule
by which Commissioner determines amount of additional tax—Board
will not disturb the additional assessment unless it is excessive
|
BR
23/75
(PDF file) |
SALARIES TAX -
|
|
Taxpayer assigned to take up post in Hong Kong
company, a wholly-owned subsidiary of a foreign company—salary
and other expenses paid by Hong Kong company—taxpayer claimed to
have worked partly in offices of the parent company outside Hong
Kong—-whether taxpayer's total emoluments for the year of
assessment 1972/73 arose in or were derived from the Colony and
were subject to salaries tax
|
BR
2/74
(PDF file) |
Additional assessment for salaries tax to include
gratuity paid to taxpayer—whether gratuity should be brought
into computation of his income for year of assessment or for
subsequent year
|
BR
13/74
(PDF file) |
Appellant employed by Hong Kong company to render
services outside
Hong Kong
—appellant appointed director and chairman of company without
additional remuneration—appellant not liable to salaries tax
under section 8(1AX&) of the Inland Revenue Ordinance, Cap.
112
|
BR
19/74
(PDF file) |
| Membership subscriptions to professional
societies—expenses incurred in the purchase of journals and
books relating to taxpayer's work—whether deductible in
ascertaining net chargeable income |
BR
12/75
(PDF file) |
Wage dividend—sum payable to employee of company
conditional upon declaration of a dividend to
shareholders—whether wage dividend received formed part of
employee's emoluments—Inland Revenue Ordinance, section
9—proper rate of exchange to be adopted for conversion purposes
|
BR
29/75
(PDF file) |
back
|
|
