Hill v Commissioner of Inland Revenue - [1988] 1 NZLR 438

Income tax — Deductions — Forestry plantation — Taxpayer owned forestry plantation and claimed deductions for expenditure in years when no timber was sold from land — Whether deductions were allowable only in year in which timber was sold — Whether s 74(2)(b) of the Act is a code — Income Tax Act 1976, ss 74, 104, 126 and 127.