A Review of Tax Legislation and Judicial Decisions, 1973-1975
Papers prepared and presented by ILM Richardson and Inland Revenue Department at the Continuing Education Course, New Zealand Society of Accountants, 1976
Victoria University of Wellington Legal Research Paper Series Richardson Paper No. 7
10 Pages Posted: 4 Aug 2013 Last revised: 14 Feb 2015
Date Written: 1976
Abstract
This paper sets out the cases concerning tax and estate planning decided between 1973 and 1975 and considered to be of most significance for accountants and lawyers. For each case, the relevant sections of the Land and Income Tax Act 1954, a summary of the facts and the court's decision, and a comment on the importance and any issues or uncertainty arising out of the decision are provided. The final section of the paper assesses the effect of the Inland Revenue Department Act 1974 and the Land and Income Tax Amendment Act (No. 3) 1975.
Keywords: Tax and Estate Planning, Land and Income Tax Act 1954, Inland Revenue Department Act 1974, Land and Income Tax Amendment Act 1975, tax avoidance
JEL Classification: K10, K30, K34
Suggested Citation: Suggested Citation