Point taken

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. In section 61A, which of the following is NOT one of the seven factors in the sole or dominant purpose test of obtaining a tax benefit:

  2. In the Spotless case, the alternative hypothesis approach was used. The court considered that a tax benefit was obtained when actual return was compared to the hypothetical return from:

  3. Tax appeal in Hong Kong generally progresses through several levels, from the BOR, through the Court of First Instance, the Court of Appeal and finally to the CFA. The outcome of the Tai Hing case was:

  4. Tai Hing acquired land from its Parent. In considering whether tax benefit was obtained, the reference point used by the court was:

  5. Lord Hoffman commented in the Tai Hing case that the alternative transaction should be one that:

  6. In the HIT Finance case, when measuring the tax benefit, the CFA apparently did not take into account that:

  7. To measure tax benefit, a key reference point suggested by the author is:

  8. In relation to general anti-avoidance, which of the following is incorrect:

  9. Applying the HIT Finance decision, there would be potential risk of anti-avoidance challenge against a borrower under the following scenario:

  10. The Ramsay principle was applied in which following Hong Kong tax case:

3 Units