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Decision
No
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PROFITS TAX -
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Investment company─property acquired for
redevelopment─ sale of part of redeveloped property to meet
demand for discharge of overdraft account─no previous activity
of acquisition of property for redevelopment and sale─whether
profits derived from sale were accretions to capital
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BR
9/74
(PDF file) |
Development company─profits on sale of shops on
short leases ─whether shops were trading or capital assets of
company
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BR
23/74
(PDF file) |
Cessation of business
under contract and commencement of new business under a new
contract─whether assessment should be in respect of
year of cessation or previous year
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BR
2/75
(PDF file) |
Company acquired property fit for redevelopment
but sold it without redevelopment─profits on sale assessed to
tax─whether property was a capital or trading asset
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BR
6/75
(PDF file) |
Interest earned on credit extended to buyer of
goods abroad─interest paid by bill of exchange accepted outside
Hong Kong─whether interest derived from the Colony─Inland
Revenue Ordinance, section 15(1)(f)
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BR
20/75
(PDF file) |
Additional tax in certain cases─Inland Revenue
Ordinance, section
82A
─incorrect return or false information supplied effectively
understating income or profits chargeable to tax─no strict rule
by which Commissioner determines amount of additional tax─Board
will not disturb the additional assessment unless it is excessive
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BR
23/75
(PDF file) |
SALARIES TAX -
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Taxpayer assigned to take up post in Hong Kong
company, a wholly-owned subsidiary of a foreign company─salary
and other expenses paid by Hong Kong company─taxpayer claimed to
have worked partly in offices of the parent company outside Hong
Kong─-whether taxpayer's total emoluments for the year of
assessment 1972/73 arose in or were derived from the Colony and
were subject to salaries tax
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BR
2/74
(PDF file) |
Additional assessment for salaries tax to include
gratuity paid to taxpayer─whether gratuity should be brought
into computation of his income for year of assessment or for
subsequent year
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BR
13/74
(PDF file) |
Appellant employed by Hong Kong company to render
services outside
Hong Kong
─appellant appointed director and chairman of company without
additional remuneration─appellant not liable to salaries tax
under section 8(1AX&) of the Inland Revenue Ordinance, Cap.
112
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BR
19/74
(PDF file) |
| Membership subscriptions to professional
societies─expenses incurred in the purchase of journals and
books relating to taxpayer's work─whether deductible in
ascertaining net chargeable income |
BR
12/75
(PDF file) |
Wage dividend─sum payable to employee of company
conditional upon declaration of a dividend to
shareholders─whether wage dividend received formed part of
employee's emoluments─Inland Revenue Ordinance, section
9─proper rate of exchange to be adopted for conversion purposes
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BR
29/75
(PDF file) |
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