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Commentary of Recent Board of Review Decisions 201304

In the 3rd Supplement of the 26th Volume and 27th Volume of the Decisions of the Board of Review (Inland Revenue), a total of 30 cases were published: 8 on salaries tax, 8 on profits tax, 1 on property tax, 3 on personal assessment, 6 on the hearing and disposal of appeals, and 4 on stated case. The decisions covered the following issues: the reopening of a 50:50 basis of assessment, deductions in profits tax assessments, capital gains and offshore profits, eligibility for personal assessment, the meaning of donation for salaries tax purposes, the meaning of owner for property tax purposes, and other items.