Site Archives Avoidance

David Tua v Inland Revenue – now this will be an interesting fight…

One of the great unknowns when you enter the boxing ring is how hard your opponent will be able to hit you. In recent times, the Inland Revenue has just delivered a couple of powerful punches to the face of David Tua, claiming he owes a whopping $2.2 million in unpaid taxes. Read more

Penny and Hooper

The appeal in Penny and Hooper has been decided in favour of the Commissioner in a 2:1 majority decision of the Court of Appeal released on 4 June 2010.

In the first instance the decision could be considered to have been rendered largely nugatory for the time being given the recent reduction of the top marginal rate to that of the trustee rate. However, with the new company rate now significantly below these rates, the matter of below market salaries will likely be a live issue for some time.

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Recent comments

  • Simon G: Both of my parents are in residential care which is being paid for by their residential care loan. In the...
  • Carla Cross: I agree with you entirely. Transparency and certainty are crucial for a self-assessment tax system....
  • Daniel Hunt: It depends on the reason for the shareholding change. What is your reason for changing the shareholding...
  • Viny: Just wondering if we can change shareholding if we are moving to LTC from LAQC or whether this will seen as...
  • Robynne Sutton: My Father is currently being assessed (since May!) Stephen I think you mean “are not limited...
  • Paul: We find the write up, comments, questions and answers very useful. Based on below we have some queries: LAQC...
  • Elizabeth Mitchell: On 4th September, 2011, Daniel Hunt published an article in the Herald on Sunday titled...
  • Sandra: Very nice info. Was looking forward to the reply you had for Anne, but it is sent to her by email. Any...
  • Lynda: My husband and I own a LAQC since 2004 which we are looking at putting on the market in the next few months....
  • Daniel: The Supreme Court has been busy – two Avoidance Judgments in a week (Penny & Hooper & JG...

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