Hadlee v Commissioner of Inland Revenue - [1991] 3 NZLR 517

Revenue — Income tax — Assignment of income — Partnership income — Effect of assignment of future property — Whether income at any time income of assignor — Whether income derived from personal exertion capable of assignment for taxation purposes — Assignment of share in capital of accountancy firm — Whether assignment void by reason of provisions of s 99 of the Income Tax Act 1976 - Income Tax Act 1976, ss 10 and 99.

Equity — Assignment — Assignment of income — Effect of assignment of future property — Nature of proprietary interests in assets of accountancy partnership — Whether such interests capable of assignment in equity — Whether any equitable interest retained by assignor throughout time of assignment.

Partnership — Professional partnership — Accountancy firm — Nature of proprietary interests in assets of accountancy partnership — Whether such interests assignable in equity — Whether any equitable interest retained by assignor throughout time of assignment.