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Supreme Court of New Zealand Wellington
SC 74/2015; [2016] NZSC 91
8, 9, 10 March; 27 July 2016
Elias CJ, William Young, Glazebrook, Arnold and O’Regan JJ
SC 74/2015; [2016] NZSC 91
8, 9, 10 March; 27 July 2016
Elias CJ, William Young, Glazebrook, Arnold and O’Regan JJ
Revenue — Income tax — Deductions — Feasibility expenditure prior to embarking upon capital expenditure — Whether within general permission for deduction — Whether and when on capital account — Income Tax Act 2004, ss DA 1, DA 2.
Revenue — Capital/income distinction — Feasibility expenditure prior to embarking upon capital expenditure — Whether commitment approach determinative — Whether and when on capital account — Income Tax Act 2004, s DA 2.