Decision No
 

PENALTY TAX -
 

incorrect profits tax returns - quantum of penalties - s 82A of the Inland Revenue Ordinance
 

D27/92 (PDF file)

D27/92 (Word file)

bad debts - whether company carrying on the business of the lending of money - whether the money lent was in the ordinary course of business - ss 16(1D) and 17(1C) of Inland Revenue Ordinance
 

D67/91 (PDF file)

D67/91 (Word file)

whether profit or gain on disposal of property was capital and not subject to profits tax
 

D23/92 (PDF file)

D23/92 (Word file)

whether gain on disposal of property was a capital gain
 

D29/92 (PDF file)

D29/92 (Word file)

leasing of computer equipment - whether equipment capital assets or stock in trade
 

D31/92 (PDF file)

D31/92 (Word file)

sale of intellectual property - licence back to original vendor - whether transactions artificial - whether sole or predominant purpose was to obtain a tax benefit - ss 61 and 61A of the Inland Revenue Ordinance
  

D44/92 (PDF file)

D44/92 (Word file)

whether income subject to salaries tax or profits tax - what expenses are deductible against salaries tax
 

D22/92 (PDF file)

D22/92 (Word file)

whether hotel subsistence allowance subject to salaries tax
 

D24/92 (PDF file)

D24/92 (Word file)

payments received on termination of employment - whether payments accrued to taxpayer in one year or another
 

D28/92 (PDF file)

D28/92 (Word file)

quarters provided by employer - taxpayer required to occupy quarters under terms of employment - whether value of quarters should be subject to salaries tax and whether it was excessive
 

D30/92 (PDF file)

D30/92 (Word file)