21 Aug 2009
THOMPSON V THE COMMISSIONER OF INLAND REVENUE HC NEL CIV 2004-442-571
- Citation
- openlaw-4311616d_8cc6_4224_8780_4519e4cc4d79.pdf
- Court
- High Court
The Court held that the Commissioner was entitled to remake the de-registration decision where he was not fully informed; the sale to Horsbrugh was "planned" by 30 November 1999 and the first sale to Armagh was effected in the registered period, so output tax is payable on those transactions at the contract prices; the remaining land was dealt with after de-registration and is a deemed supply under s 5(3) to be valued under s 10(8) at the apportioned original cost (one-ninth), therefore the assessment to 31 July 2000 must be amended to include the two actual sales and the deemed disposal at c…