Udy v Commissioner of Inland Revenue - [1972] NZLR 714

Income Tax — Objection to assessment — Objector arranged for a family trust to be created by a friend — Objector sold his agricultural contracting plant to family trust — Trustees of family trust purported to carry on contracting business — Objector managed and ran the business — Objector assessed for tax for income of business — Arrangement voided under s 108 of Land and Income Tax Act 1954.