Alesco New Zealand Limited v CIR

This is a tax avoidance case concerning Optional Convertible Notes (OCNs). The key aspect of the case is the proposition that for a deduction to be correctly claimed there needs to be an actual, real economic cost. Here there was in fact no real economic cost associated with the interest deductions Alesco New Zealand was claiming and hence unsurprisingly no deduction was allowed


Content of the James Coleman website is the property of James Coleman and may not be copied or published, and content may not be saved to, emailed to or linked to from other sites or servers without the copyright holder's written permission. However, users may print, download or email content for individual use.