Hunter v Commissioner of Inland Revenue - [1969] NZLR 426

Income tax — Income tax payable — Purchase of overseas securities with overseas currency — Sale of such securities shortly thereafter in New Zealand currency — Amount realised in New Zealand currency in excess of cost in overseas currency — Whether profit or gain from disposition of property acquired for purpose of selling or otherwise disposing of it — Land and Income Tax Act 1954, s. 88 (1) (c).