Commissioner of Inland Revenue v McDonald - [1991] 1 NZLR 419

Revenue — Land tax — Date on which liability for land tax incurred — Meaning of "incurred" - Charge for land tax — Whether registration of charge is enforcement of a security — Whether payment of land tax a cost of sale — Land Tax Act 1976, ss 10, 34(1), 37, 46 and 50 - Corporations (Investigation and Management) Act 1989, ss 42(1), (5), (6), 44, 52(2) and 72(2).