28 Apr 2008
COMEBRIGHT DEVELOPMENT LTD v. THE COMMISSIONER OF INLAND REVEUNE
- Citation
- COMEBRIGHT DEVELOPMENT LTD v. THE COMMISSIONER OF INLAND REVEUNE
- Court
- Court of Final Appeal
- Case number
- FACV31/2007
The Board's factual finding that the taxpayers did not hold the requisite intention to hold the properties for long-term rental was open on the evidence; that factual finding meant the taxpayers failed to discharge the burden under s.68(4) to show the assessments were excessive or incorrect; the Board did not err in law in dismissing the appeals on that basis and there was no lawful s.66(3) consent to raise a new antecedent question of whether the transactions constituted a trade.