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IRD wins Whitcoulls building case in appeal court

Court clarifies distinction between revenue and capital receipts.

The Court of Appeal says Inland Revenue was correct to treat lease surrender payments as revenue receipts in a ruling over the former Whitcoulls building in Wellington.

Former Herman Rockefeller firm Easy Park has been fighting the taxman in court over a $1.1 million payment which the IRD

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IRD wins Whitcoulls building case in appeal court
Business,Law,
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