DEPRECIATION ON DWELLINGHOUSE
COMMISSIONER OF TAXES APPEALED AGAINST APPELLANTS UNSUCCESSFUL IBv Telegraph-Press Associa'ionl WELLINGTON, 9th September. A judgment in favour of the Commissioner of Taxes has been given by Mr Justice Smith in the case in which the Commissioner of Taxes was appealed against by Cyril Paul Hunter and Thomas Percy Hunter in respect of his disallowance of depreciation on the chvellinghouse on the late Sir George Hunter s estate at Poiangaliau. The judge said the test to be appiied was whether there had been in a business sense something more than temporary cessation of actual use of the house for the purpose of producing assessable income. As the house had not been used since Sir George Hunter’s death in 1930 to house anyone engaged in sheepfarming operations the judge thought that there was evidence from which the Commissioner drew the conclusion lie did that the trustees were not holding the house during the years ended 30th June, 1935 and 1936, for the purpose of using it for the farming operations they were carrying on. Costs of twelve guineas were allowed against appellants.
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https://paperspast.natlib.govt.nz/newspapers/NEM19370910.2.41
Bibliographic details
Nelson Evening Mail, Volume LXXI, 10 September 1937, Page 4
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183DEPRECIATION ON DWELLINGHOUSE Nelson Evening Mail, Volume LXXI, 10 September 1937, Page 4
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