Example sentences of "[adv] [coord] derived from [noun] " in BNC.
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| 1 | S 2 of the Ordinance provided that ‘ profits arising in or derived from Hong Kong ’ should include ‘ all business transacted in Hong Kong , whether directly or through an agent ’ . |
| 2 | The taxpayer 's profits from its sub-licensing transactions for the years of assessment 1980–81 to 1983–84 were assessed to profits tax under section 14 of the Inland Revenue Ordinance as profits arising in or derived from Hong Kong within the meaning of section 2(1) of the Ordinance . |
| 3 | Held , allowing the appeal , that in determining the place in which the gross profit from a transaction arose or from which it derived the proper approach was to ascertain the operations that produced the relevant profits and where they took place ; that the relevant business of the taxpayer , the exploitation of film rights exercisable outside Hong Kong , did not amount to the provision of a service or the exploitation of property rights overseas , but was carried on in Hong Kong , and in the absence of any financial interest in the subsequent exercise of the rights , the fact that they were exercisable only overseas was irrelevant ; and that , therefore , the taxpayer 's profits from granting sub-licenses during the relevant years of assessment had arisen in or derived from Hong Kong , and under section 14 of the Inland Revenue Ordinance the taxpayer was liable to profits tax thereon ( post , pp. 444G–H , 445E , G–H , 446E–G ) . |
| 4 | The issue in this appeal is whether profits accruing to the taxpayer company , HK-TVB International Ltd. in the four years of assessment 1980–81 to 1983–84 arose in or derived from Hong Kong . |
| 5 | ‘ Subject to the provisions of this Ordinance , profits tax shall be charged for each year of assessment at the standard rate on every person carrying on a trade , profession or business in Hong Kong in respect of his assessable profits arising in or derived from Hong Kong for that year from such trade , profession or business ( excluding profits arising from the sale of capital assets ) as ascertained in accordance with this Part . |
| 6 | ‘ Profits arising in or derived from Hong Kong ’ for the purposes of Part IV shall , without in any way limiting the meaning of the term , include all profits from business transacted in Hong Kong , whether directly or through an agent . |
| 7 | The issue in Commissioner of Inland Revenue v. Hang Seng Bank Ltd. [ 1991 ] 1 A.C. 306 was also whether certain profits accruing to a company trading in Hong Kong arose in or derived from Hong Kong , but the facts were somewhat different . |
| 8 | Further their Lordships have no doubt that when Lord Bridge , after quoting the guiding principle , gave certain examples he was not intending thereby to lay down an exhaustive list of tests to be applied in all cases in determining whether or not profits arose in or derived from Hong Kong . |
| 9 | Their Lordships therefore consider that the profits accruing to the taxpayer on the grant of sub-licences during the relevant years of assessment arose in or derived from Hong Kong and as such were subject to profits tax under section 14 . |
| 10 | In the light of that decision the Court of Appeal , in a short judgment , concluded that the taxpayer 's rights from their sub-licensing operations neither arose in nor derived from Hong Kong . |