Commissioner of Inland Revenue v Challenge Corp Ltd

Commissioner of Inland Revenue v Challenge Corp Ltd
CourtPrivy Council
Full case name Commissioner of Inland Revenue v Challenge Corporation Limited
Decided20 October 1986
Citation[1986] NZPC 1; [1986] UKPC 45; [1987] AC 155; [1986] 2 NZLR 513; [1987] 2 WLR 24; (1986) 10 TRNZ 161
TranscriptPrivy Council ruling
Court membership
Judges sittingLord Keith of Kinkel, Lord Brightman, Lord Templeman, Lord Oliver of Aylmerton, Lord Goff of Chieveley

Commissioner of Inland Revenue v Challenge Corp Ltd [1986] NZPC 1; [1986] UKPC 45; [1987] AC 155; [1986] 2 NZLR 513; [1987] 2 WLR 24; (1986) 10 TRNZ 161 is a prominent [why?] case in New Zealand tax law regarding the issue of tax avoidance.[1]

The suit involved a dispute about whether a "taxpayer company was entitled to deduct a tax loss incurred by another member of the same group of companies from its assessable income." The High Court of New Zealand decided in favor of Challenge Corp Ltd and its decision was "upheld by a majority of the Court of Appeal." This decision was then appealed by Commissioner of Inland Revenue to the Judicial Committee of the Privy Council. [2][3][4][5]

References

  1. ^ Alley, Clinton; Chan, Carrol; Dunbar, David; Gupta, Ranjana; Hodson, Alister; Holmes, Kevin; Keating, Mark; Maples, Andrew; Mason, Scott; Katherine, Ritchie (2009). New Zealand Taxation 2009 - Principles, Cases and Questions (2009 ed.). Thomson Reuters. ISBN 978-0-86472-656-8.
  2. ^ "Commissioner of Inland Revenue (New Zealand) v Challenge". vlex - Justis. Retrieved 1 May 2024.
  3. ^ "Commissioner of Inland Revenue v Challenge Corp Ltd". uniset. Retrieved 1 May 2024.
  4. ^ "Commissioner of Inland Revenue v Challenge Corporation Limited [1986] NZPC 1; [1986] UKPC 45; [1987] AC 155;; [1986] 2 NZLR 513; [1987] 2 WLR 24; (1986) 10 TRNZ 161 (20 October 1986)". NZLII. Retrieved 1 May 2024.
  5. ^ "The Commissioner of Inland Revenue v Challenge Corporation Limited Parentheses New Zealand". Casemine. Retrieved 1 May 2024.
Stub icon

This article relating to case law in New Zealand is a stub. You can help Wikipedia by expanding it.