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Volume 1 Eighth Supplement

Publication Date: Apr 1980




  Decision No. Download

Additional Tax—no tax returns filed by deceased taxpayer—value of estate exceeding $1,500,000—estimated assessment of profits raised against estate— "nil" returns filed by personal representative—assessment revised—settlement of tax payable—assessment to additional tax under section 82A of Inland Revenue Ordinance for filing "nil" returns—whether estate of deceased liable for assessment to additional tax—whether personal representative personally liable for assessment to additional tax  

D3/79 Download D3/79 (DOC) EN - English Download D3/79 (PDF) EN - English

Credit union—liability to tax—application of the mutuality principle —taxpayer a club  

D1/79 Download D1/79 (DOC) EN - English Download D1/79 (PDF) EN - English

Rebuilding allowance—redevelopment of land—expenditure incurred on pay­ment of compensation to vacating tenants, demolition of old building and site investigation in construction of new building—whether owner entitled to a rebuilding allowance in respect of expenditure incurred under section 36 of the Inland Revenue Ordinance  

D5/79 Download D5/79 (DOC) EN - English Download D5/79 (PDF) EN - English

Retention of proceeds of sale of goods in U.S. dollars—monies deposited in U.S.A. banks on 7 days call—subsequent conversion to H.K. dollars—loss incurred owing to devaluation of U.S. dollar—whether exchange loss deductible for profits tax purposes  

D16/78 Download D16/78 (DOC) EN - English Download D16/78 (PDF) EN - English

Pre-war building owned and occupied by taxpayer—whether the restrictions imposed by Part I of the Landlord and Tenant (Consolidation) Ordinance should be ignored in determining the assessable value of an untenanted property under section 5A (2) of the Inland Revenue Ordinance  

D2/78 Download D2/78 (DOC) EN - English Download D2/78 (PDF) EN - English

Additional tax—taxpayer understated income—assessment to penal additional tax—plea of "reasonable excuse" rejected—duty to make a true return—re-opening of past assessments refused—Inland Revenue Ordinance, ss. 70 and 82A  

D7/79 Download D7/79 (DOC) EN - English Download D7/79 (PDF) EN - English

Adjustment to assessable income—assistants engaged by taxpayer—whether expenditure incurred deductible as allowable expense under s. 12(l)(a) of the Inland Revenue Ordinance  

D19/78 Download D19/78 (DOC) EN - English Download D19/78 (PDF) EN - English