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Volume 5 Second Supplement

Publication Date: Jul 1991




  Decision No. Download

quantum of penalties - company director - carry forward losses - s 82A of the Inland Revenue Ordinance  

D47/90 Download D47/90 (DOC) EN - English Download D47/90 (PDF) EN - English

whether penalties excessive - s 82A of the Inland Revenue Ordinance  

D45/90 Download D45/90 (DOC) EN - English Download D45/90 (PDF) EN - English

land exchange entitlements - pooling of entitlements with others to tender for land for development - whether share of profit on sale of finished units was capital   

D57/90 Download D57/90 (DOC) EN - English Download D57/90 (PDF) EN - English

professional firm – termination of professional business and commencement of new partnership business – whether payment by new partnership to proprietor of original business is taxable income.

D53/90 Download D53/90 (DOC) EN - English Download D53/90 (PDF) EN - English

whether certain expenditure was wholly and exclusively incurred in the production of chargeable profits  

D49/90 Download D49/90 (DOC) EN - English Download D49/90 (PDF) EN - English

whether compensation paid by the Government for resumption of land is capital or income - whether interest on resumption payment is taxable  

D48/90 Download D48/90 (DOC) EN - English Download D48/90 (PDF) EN - English

whether different ground of appeal can be introduced  

D53/90 Download D53/90 (DOC) EN - English Download D53/90 (PDF) EN - English

whether property acquired as trading or capital asset -whether intention to convert from trading asset to capital asset -Sharkey v Wernher  

D55/90 Download D55/90 (DOC) EN - English Download D55/90 (PDF) EN - English

claim to apportion income on 'days in - days out' basis - s 8 of the Inland Revenue Ordinance  

D40/90 Download D40/90 (DOC) EN - English Download D40/90 (PDF) EN - English

deduction of expenses - whether expenses were incurred in the performance of the duties, and were wholly, exclusively and necessarily so incurred - three tests to be applied  

D36/90 Download D36/90 (DOC) EN - English Download D36/90 (PDF) EN - English

dependent parent allowance - s 42B(l)(d) and s 42B(2)(a) of the Inland Revenue Ordinance  

D38/90 Download D38/90 (DOC) EN - English Download D38/90 (PDF) EN - English

personal assessment - whether losses incurred in buying and selling Hang Seng Index futures can be deducted against salaries tax liability  

D42/90 Download D42/90 (DOC) EN - English Download D42/90 (PDF) EN - English

whether taxpayer an employee or carrying on business  

D54/90 Download D54/90 (DOC) EN - English Download D54/90 (PDF) EN - English