Read the full judgment text of FAMV 18/2013 on BabelCite. This Court of Final Appeal judgment was delivered on 22 August 2013 before Chan PJ, Ribeiro PJ, Tang PJ.
Civil procedure – leave to appeal – liquidated claim – tax assessment – Inland Revenue Ordinance – lease – extended definition – capital expenditure – deduction – section 16G – taxpayer supplied plastic hangers manufactured by Mainland factories using moulds owned by taxpayer – arrangement granting right to use moulds falls within extended definition – expenditure not deductible – leave refused – costs awarded.
Legal issues: Leave to appeal as of right - liquidated claim · Construction of 'lease' in section 2(1) IRO
Outcome: Application for leave to appeal dismissed with costs.
Cites 3 cases