Taxation of Retirement Allowances - Traffic Officer
Recent Law, p. 58, 1983
1 Pages Posted: 21 Mar 2010
Date Written: 1983
Abstract
In Simpson v. Commissioner of Inland Revenue (1982) 5 NZTC 61,231 the objector was a traffic officer whose employer had changed from a local authority to the Ministry of Transport. Upon the cessation of his contract with the local authority he was given a lump sum gratuity. He then signed a new contract with the Ministry and continued to work in nearly identical circumstances. The court held that despite the circumstances the lump sum gratuity as a redundancy payment and should be assessed.
Keywords: Income Tax, Redundancy, Assessability
JEL Classification: K34
Suggested Citation: Suggested Citation
Prebble KC, John, Taxation of Retirement Allowances - Traffic Officer (1983). Recent Law, p. 58, 1983, Available at SSRN: https://ssrn.com/abstract=1570822
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.