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(ii) (iii) (e)(f)[ 1998/99 ]4. (a)(f)(b)(e)(f)(c)5. CIR v. Aberdeen Restaurant Enterprises Ltd.(1988) 2 HKTC 330 Jones J.Vibroplant Ltd. v.Holland [1982] 54 TC 658 .Jones J.351 352 2

Rael-Brook [ (1967)2 Q.B. 65 ]Mr Feenstra Mrs. Clough . Vibroplant [ (1982) 42 T.C. 658 ]Kilmarnock [ (1966) 42 T.C. 675 ]6. • • • D3/87 D4/87 2 329 • KilmarnockEquitable Co-operative Society Ltd. v. CIR, 42 T.C.6757. • 3

1,400 F F 1,000 1,400 25. 26. 1965/66 34(1)27. 34(1)(b)28. 29. 1965/66 34(2)(a) (b) 4%(a)1965 4 1 8

1965 4 1 2%4%32. 35(1)(a) (b) (c) 33. 34. 10

35A(a)35A(b)35. 1 4 36. VI 40(1)37. 33A33B 36 16 17 23 35B 11

38. 21 1969/701969/70 1998/99 39. 36 1998/99 1990/91 1997/98 2% 1990/91 0.75%40. 36(2) 1997/98 1997 4 1 41. 1997/98 1998/99 42. 1998/99 12

31 40(1)(a) (i) 33A (ii) 33B 33B 33A33A 1998 4 1 43. 33A(1)44. 33A 1998/99 13

33A(1)4%33A(3)25 45. 33A(2)(4)44 1998/99 1998/99 46. 33A(4)1998/99 33A 1998/99 36 1998/99 47. 33A(1)4%1998/99 25 33A(4)(b)1998 4 1 48. 33A(4)1998/99 1997/98 14

49. 33A(2)4%50. 1998/99 (4)(2) 2023/24 25 51. (2)1998/99 (2)25 52. 33B(1)35 33B(1)(a) (b) (c) 15

53. 33(B)(2)(a)(1)(a)(c)54. 33B(2)(b)33A 55. (1)(a)(c)33B(3)(a)33B(3)(b)33A 56. 33B(1)(b)A B B B 16

A B A B 57. 33B(1)(b)35A(a)33B(1)(b)35A(b)58. 5 9 17

1X 500,000 1992 2 X 12 31 1996 10 31 420,000 YY 1996 11 10 3 31 X X 1992/93 500,00020% 100,0004% 20,000 120,000380,0001993/94 1995/96 3 4% 60,000 320,0001996/97 420,000 100,000Y 1996/97 320,000 X 100,000 420,000* 20,000

* Y • 1991/92 • 25 2016/17 • Y 1996/97 • 1996/97 2016/17 21• Y 1/21 x 420,000 = 20,000 [ Y 1996/97 ]2

2A 2,000,000 19927 500,000 1992 3 31 1993 3 31 A 1985 3 31 1995 10 31 500 B B B6 30250 A A 1991/92 2,000,000500,000 20%1992 3 31 100,0001,900,0001992/931,500,000 20% 300,0002,000,000 4% 80,000 380,0001,520,0001993/94 1994/95 160,000 1,360,0001995/96500 250 2,500,000 1,140,000640,0003

B 1996/97 1,360,000 A 640,000 2,000,000* 90,910* B • 1992/93 • 25 2017/18 • B 1996/97 • 1996/97 2017/18 22• B 1/22 x 2,000,000 = 90,910 • 2017/18 90,890 [ A B 1995/96 ]4

3C 1990 9 800,000 12 31 1993 1 700,000 D D 1994 5 DD3 31 C []C 1990/91800,000 20%800,000 4%160,00032,000800,000192,000608,0001991/92 1992/932 4%1993/9464,000544,000700,000156,0005

D 1993/94 544,000 C 156,000 700,000* 32,000668,0001994/95 ** 29,167* 1994/95 D 1993/94 1992/93 C 4%** • 1990/91 • 25 2015/16 • D 1992/93 • 1992/93 2015/16 24 • D 1/24 x 700,000 = 29,167 • 2016/17 26,326 [ D 1992/93 1993/94 800,000 2% 16,000 ] 6

4 3D 1994 5 750,000 EE 3 31 D 1993/94 C 1992/93 700,000D 1993/94 * 32,000668,000* D 1993/94 4%E 1994/9540(1) 668,000** 29,167** E • 1990/91 • 25 2015/16 • D 1992/93 • 1992/93 2015/16 24 • E 1/24 x 700,000 = 29,167 • 2016/17 26,326 7

[ C D E E C 700,000 E 35B(b)(ii)(a)C E 750,000 E 800,000 35B(b)(ii)(b)]8

5 1998 4 1 1998/99 F 1988 11 1 2,000,000 1 2 1994 10 1 6,000,000 1 2 1,000,000 2,000,000 F 3 31 F 1 1988/89 1997/98 1,000,000• 1988/89 1989/90 2 100 3/4% 15,000• 1990/91 1997/98 8 100 2% 160,000 175,000 33A(4) 825,0001998/99 *825,000 4% 33,000* 2022/23 F 21994/95 1997/98 2,000,0004 2,000,000 2% 160,000 33A(4) 1,840,0001998/99 *1,840,000 4% 73,600* 2022/23 9

6 1998/99 1998/99 1 5 F 1999 2 28 750,000 1 G G 3 31 F 1:1998/99 33A(4)5 825,000 825,000 750,000 75,000G 1: 1998/99 825,000F 75,000 750,000* 28,847* G • G 1998/99 • 1998/99 25 2023/24 • 1998/99 2023/24 26 • 1998/99 1/26 x 750,000 = 28,847 • G 2023/24 28,825 10

2 5 F 1999 2 28 2,000,000 1 G G 3 31 F 1:1998/99 33A(4)5 825,000 825,0002,000,000** 33B(3)(b)F 1998/99 F G 1: 1998/99 825,000向 F 825,0001998/99 **1/26 x 825,000 = 31,731 31,731** G • G 1998/99 • 1998/99 25 2023/24 • 1998/99 2023/24 26 • 1998/99 1/26 x 825,000 = 31,731 • G 2023/24 31,725 11

7 1998/99 1 5 F 2000 3 15 1,600,000 2 H H 3 31 F 2: 1998/99 33A(4)5 1,840,000 73,6001,766,4001999/2000 1,766,400 1,600,000 166,400H 2: 1999/2000 1,766,400F 166,400 1,600,0001999/2000 * 64,000* H • H 1999/2000 • 1998/99 25 2023/24 • 1999/2000 2023/24 25 • 1999/2000 1/25 x 1,600,000 = 64,000 • H 2023/24 64,000 12

2 5 F 2000 3 15 4,000,000 2 H H 3 31 F 2:1998/99 33A(4)5 1,840,000 73,600 1,766,4001999/2000 1,766,400 4,000,000 2,233,600* 73,600* F 1998/99 H 2: 1999/2000 1,766,400 F 73,600 1,840,0001999/2000 **1/25 x 1,840,000 = 73,600 73,600** H 2023/24 73,600 13

81998 4 1 J 1999 5 1 2,000 36,250,000 J 3 31 J 3: 1999/2000 6,250,0006,250,000 4% 250,00014

9 1998/99 1 8 J 2005 1 2 4,000,000 3 K K 1 31 J 3: 1999/2000 2003/04 6,250,0005 1,250,0006,250,000 4%5,000,0002004/05 5,000,000 4,000,000 1,000,000K 3: 2004/05 5,000,000J 1,000,000 4,000,0002004/2005 * 190,477* K • K 2004/05 • 1999/2000 25 2024/25 • 2004/05 2024/25 21 • 2004/05 1/21 x 4,000,000 = 190,477 • K 2024/25190,460 15

2 8 J 2005 1 2 8,000,000 3 K K 1 31 J 3:1999/2000 2003/046,250,0005 1,250,0006,250,000 4%5,000,0002004/05 5,000,000 8,000,000 3,000,000* 1,250,000* J 1999/2000 2003/04 K 3: 2004/05 5,000,000 J 1,250,000 6,250,0002004/2005 **1/21 x 6,250,000 = 297,620 297,620** K 2024/25 297,600 16