3 Oct 2023
UPPLAN COMPANY LTD v. LI HO MING AND ANOTHER
- Citation
- [2023] HKCFI 2370
- Court
- Court of First Instance
- Case number
- HCA1915/2009
The Schedule is to be given its natural meaning: clauses 6(b) and 6(c) exclude property/profit tax from deductible expenses and clause 14 is a warranty by Virginia that she paid the estimated tax on behalf of KWP up to 31 March 2019 and will not claim contribution from Anita; accordingly Anita and Mother are entitled to recover half the tax shortfall (HK$297,930.50) from Virginia, with interest and costs.