Case study: Hong Kong 'Flu

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Published on 01 Jun 97 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

Details the recent Privy Council judgment, Wharf Properties Limited v Commissioner of Inland Revenue, handed down on 27 January 1997 and its implications for the deductibility of interest incurred in the construction phase of developments that then become income-producing property

Author profiles

Simon Clark CTA

Simon is a Director of Greenwoods & Freehills Pty Limited. Simon is involved in providing day to day and transactional, income tax and GST advice mainly in the funds management sector. He has also been extensively involved in assessing the implications of tax reform on clients including involvement in lobbying on the Australian REIT rules, the MIT provisions and various current Board of Tax reviews. Simon is a member of the Property Council’s National Tax Group and the ICAA Tax Technical Committee. He sits on a number of consultative committees including those dealing with Tax Treaties and Finance and Investments - Current at 08 July 2011

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GREENWOOD & FREEHILLS

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Robert Allerdice

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