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A Review of Recent Board of Review Decisions 201506

This article reviews the cases reported in Volume 28 (3rd supplement) and Volume 29 of the Board of Review Cases. Seven cases deal with profits tax, three with salaries tax, two with extension of time, and five with penalty. Among the seven profits tax cases, three relate to property disposal, one to source of profits, and the last three to deduction, of which one concerns section 61A. The three salaries tax cases include one on the source of a director’s fee, one on the taxability of termination payment and one relating to housing benefit. The Board dismissed all the cases on extension of time and penalty.