Commissioner of Inland Revenue v Nice Cheer Investment Ltd
HK Court of Appeal, 19-Jun-2012
The IRD fails in its appeal. It had sought to tax unrealised gains on trading stock. The respondent was owned by late textile-cum-property tycoon Chen Din Hwa.
Nice Cheer Investment Ltd v Commissioner of Inland Revenue
HK Court of First Instance, 28-Jun-2011
The appellant is owned by Nan Fung Development tycoon Chen Din Hwa. The judge rules that unrealised profits on trading stock are not taxable profits.

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