Volume 25 Second Supplement

profits tax – sections 51(1)(a), 68(4), 68(8)(a), 68(9),82A(1), 82B(2) and 82B(3) of the Inland Revenue Ordinance (‘IRO’). [Decision in Chinese]  

allegation of capricious or dishonest act of Inland Revenue Department (‘IRD’) – deductibility of expenses claimed – artificial transactions – sole or dominant purpose to obtain a tax benefit – sections 16(1), 17(1)(a) and (b), 61, 61A , 68(4) and 68(9) of the Inland Revenue Ordinance (‘IRO’)  

allegation of capricious or dishonest act of Inland Revenue Department (‘IRD’) – deductibility of expenses claimed – artificial transactions – sole or dominant purpose to obtain a tax benefit – sections 16(1), 17(1)(a) and (b), 61, 61A , 68(4) and 68(9) of the Inland Revenue Ordinance (‘IRO’)

prescribed assets – source of profits – sections 2, 14(1), 16(1), 16G(1) & (2), 17(1)(b) & (c), 66(1) & (3), 68(4),(7) & (9), 70A(1) of Inland Revenue Ordinance (‘IRO’)    

profits from sale of properties – relevant year of assessment – section 14(1), 68(4) & 68(8)(a) of Inland Revenue Ordinance (‘IRO’) [ Decision in Chinese]    

deduction of interest – sections 42(1) and 68(4) of Inland Revenue Ordinance (‘IRO’)

additional dependent parent allowance – whether taxpayer living in property owned by parents amounted to ‘maintaining a parent’ – burden of proof for excessive or incorrect amount of assessment – whether appellant discharged his burden of proof – costs – sections 30, 68(4) & 68(9) of the Inland Revenue Ordinance (‘IRO’). [Decision in Chinese]

deduction – professional subscriptions – whether deductable from assessable income

extension of time to give notice of appeal – sections 66(1) and 66(1A) of the Inland Revenue Ordinance (‘IRO’)

refund of rent – sections 8(1), 9(1), 9(1A), 9(2), 66(1), 66(1A), 68(2D) and 68(4) of the Inland Revenue Ordinance (‘IRO’)    

rental value of residence provided by employer – whether residence a hotel, hostel or a boarding house – taxpayers in similar situation to be treated similarly – section 9(2)(a) of the Inland Revenue Ordinance (‘IRO’)

whether taxpayer can rely on what was told by the Inland Revenue Department (‘IRD’) – allegation as to an abuse of power or unfairness – taxpayer in a similar position should be treated in the same way