8 Mar 1988
DAVID HARDY GLYNN v. COMMISSIONER OF INLAND REVENUE
- Citation
- DAVID HARDY GLYNN v. COMMISSIONER OF INLAND REVENUE
- Court
- Court of First Instance
- Case number
- HCIA5/1987
The 9 June 1982 agreement amounted to a novation extinguishing the taxpayer's prior contractual liability to the school so that thereafter the company contracted with and was primarily liable to the school; because the company paid its own obligation, no debt of the taxpayer was discharged and no money or money's worth 'came in' to the taxpayer; consequently the school fees paid by the company after novation were not taxable as a perquisite of the taxpayer.