The Weekly Law Reports
[1974] 3 WLR 37
[PRIVY COUNCIL]
DUNCAN HOLDEN APPELLANT AND INLAND REVENUE COMMISSIONER RESPONDENT AND
MAURICE CAMPBELL MENNEER APPELLANT AND INLAND REVENUE COMMISSIONER RESPONDENT
[ON APPEAL FROM THE COURT OF APPEAL OF NEW ZEALAND]
1974 Feb. 25,
26,
27;
May 6
May 6
Lord Wilberforce, Lord Diplock, Lord Cross of Chelsea, Lord Salmon and Sir Eric Sachs
New Zealand
— Revenue
— Income tax
— Remittance of sterling funds in United Kingdom to New Zealand
— Remittance effected by purchase and sale of securities
— Official rate of exchange less advantageous
— Whether profits or gains derived from sale
—
Land and Income Tax Act 1954 (Reprint 1967), s. 88 (1) (c)