Loader v Commissioner of Inland Revenue - [1974] 2 NZLR 472

Income tax — Objection to assessment — Family trust a shareholder in company incorporated in 1963 to carry on objector's business as an earthmoving contractor — Objector selling greater part of earthmoving machinery to trust and trust bailing same to company — Objector a director and salaried employee of company — Arrangement not void — Land and Income Tax Act 1954, s 108.