Volume 39
Publication Date: Jun 2025
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DIGEST OF CASES REPORTED
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| Decision No. | Download | |
|---|---|---|
| PROFITS TAX | ||
| Profits tax – appeal out of time – transmission of determination – if appeal out of time, whether time to be extended – sections 66(1)(a) and 66(1A) of the Inland Revenue Ordinance (IRO) | D1/24 |
|
| Profits tax – meaning of ‘accrued’ – interest income never received – distinction between accrued and payable interest income – accounting treatment of interest income by taxpayer important factor – section 15 of the Inland Revenue Ordinance | D5/24 |
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| Profits tax – whether gains on sale of parking spaces capital in nature – whether the parking spaces were trading stocks or capital assets – whether the sale is ‘in the nature of trade’ or merely a realization of capital assets – burden of proof on Appellant – sections 2(1), 14(1) and 68(4) of the Inland Revenue Ordinance (‘Ordinance’) | D2/24 |
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| PROPERTY TAX | ||
| Property tax – rental income paid to another – whether liable for property tax – complaints of unfairness – jurisdiction of the Board – sections 5, 5B(2), 56 and 68(4) of the Inland Revenue Ordinance (‘IRO’) | D3/24 |
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Note: The latest position of unsettled appeals is shown in either (a) Table of Appeals to Court of First Instance or (b) Table of Appeals to Court of Appeal/Court of Final Appeal. When the final outcome of an appeal is known, the position is set out in either table and will disappear in the next issue of Board of Review Decisions.
To view "Table of Appeals to Court of First Instance/Court of Appeal/Court of Final Appeal" (position as at 31.8.2024), please click here.