Tauber & Webb's Honk loses bid to allow management fees avoiding $368k of tax

Fri, 17 Mar 2017

By Paul McBeth March 17 (BusinessDesk) - Honk Land Trustees, part of Auckland property developers Andrew Tauber and Paul Webb's Honk group, has lost its bid to claim $1.1 million of management fees were legitimate and not simply a way to avoid paying tax. The Court of Appeal last week dismissed Honk's application to overturn a ruling that the payment was contrived to avoid paying tax in 2005, a recently published judgment shows. Honk tried to argue that the $1.1 million of fees charged to Honk Land Ltd, a related party, were valid, given...

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