Two recent appeal decisions provide some illumination

The Court of Appeal recently issued the decisions of Commissioner of Inland Revenue v Roberts and The Church of Jesus Christ of Latter-Day Saints Trust Board and Coward v Commissioner of Inland Revenue. Both concerned the question of whether particular transactions (to use a neutral term) between the taxpayers and certain charitable entities qualified as “charitable or other public benefit gift[s]” under s LD 3 of the Income Tax Act 2007, thereby entitling the taxpayers to tax credits under s LD 1.

First Published in Taxation Today June 2020 Issue 139

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