ET v SK [2023] NZDT 131 (5 March 2023) [pdf, 200 KB]
...satisfied the campervan was most probably sold ‘in trade’. This is because I accept F Ltd provided services to BC service and ceased trading by 31 March 2019 which is when it advised Inland Revenue it ceased trading by way of a completed IR 315 form. The campervan is not listed as a retained asset of that company in CI0301_CIV_DCDT_Order Page 2 of 3 that form. I am not therefore persuaded the CGA or FTA applied to the sale and so compensation is not available to ET by consi...