Hong Kong Taxation

In a Board of Review (BoR) case for D15/19 (available at https://www.info.gov.hk/bor/en/decisions/docs/D1519.pdf) which is a decision on Profits Tax.

 

− What is the Tax issue in dispute?
− What is the Grounds of appeal?
− What did BoR decide to do and what are its reasons?

− If you were the taxpayer, would you agree to the BoR decision? Why? 

− Lessons you have learnt from the BoR decision.

Transcribed Image Text:

(2020-21) VOLUME 35 INLAND REVENUE BOARD OF REVIEW DECISIONS Case No. D15/19 Profits tax sale of property intention at time of acquisition sections 2(1), 14(1) and 68(4) of the Inland Revenue Ordinance Panel: Wong Kwai Huen Albert (chairman), Lee Wong Wai Ling Winnie and Patricia Joy Shih. Date of hearing: 3 July 2019. Date of decision: 14 October 2019. (2020-21) VOLUME 35 INLAND REVENUE BOARD OF REVIEW DECISIONS Case No. D15/19 Profits tax sale of property intention at time of acquisition sections 2(1), 14(1) and 68(4) of the Inland Revenue Ordinance Panel: Wong Kwai Huen Albert (chairman), Lee Wong Wai Ling Winnie and Patricia Joy Shih. Date of hearing: 3 July 2019. Date of decision: 14 October 2019.