Wharf Properties Ltd. v. Commissioner of Inland Revenue (Hong Kong), [1997] BTC 173, [1997] UKPC 4 (PC)

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Summary Under

wages part of cost

Lord Hoffmann stated (in obiter dicta, at p. 176) that "the wages of an electrician employed in the construction of a building by an owner who...

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Summary Under

interest on a loan that was funding a capital asset still in development was a capital expenditure

Interest paid by a Hong Kong property development company on short term loans that were used to fund the purchase price for property that was to...

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