Hadlee v Commissioner of Inland Revenue - [1993] 2 NZLR 385

Revenue — Income tax — Assignment of share of partnership — Income of partner derived from personal services or exertion — Whether partner able to assign income thus derived — Whether assignment of revenue producing income of a capital nature — Whether taxpayer by way of assignment able to escape assessment of tax from personal exertion — Tax avoidance — Partnership Act 1908, s 344 - Income Tax Act 1976, ss 10, 38(2) and 99.

Partnership — Professional partnership — Taxpayer partner in accountancy firm — Nature of proprietary interest in assets of accountancy partnership — Whether such interest assignable — Partnership Act 1908, s 34.