Determinations

• FDR 2025/05: Determination the fair dividend rate method may not be used to calculate FIF income by investors in the iShares Global Aggregate Bond ESG SRI UCITS ETF – EUR hedged (Accumulating) share class

Interpretation statement

• IS 25/18: Income tax – Whether money or property received by New Zealand tax residents from overseas is income from a foreign trust

Questions we've been asked

• QB 25/18: Does GST apply to a deposit the seller retains in a cancelled land sale agreement?
• QB 25/19: GST listed services rules: When is a supply of listed services made through an electronic marketplace?
• QB 25/20: GST listed services rules: How do the rules apply when there is a supply of listed services and other goods or services?

Technical decision summaries

• TDS 25/17: Application of schedular payment rules 
• TDS 25/18: Sale of intellectual property, shares and ongoing provision of services
• TDS 25/19: Company restructure for commercial and estate planning
• TDS 25/20: Transfer of property between charitable trusts

This item is an update of GA 21/01 which was prepared specifically in relation to the fees paid to a member of a board, committee, panel, review group or task force under the Cabinet Fees Framework published by the Cabinet Office.

How taxation applies to any fees paid to members depends on the personal circumstances of the individual member and the terms of their contract/appointment.

This fact sheet accompanies IS 25/18: Income tax – Whether money or property received by New Zealand tax residents from overseas is income from a foreign trust. It will be of interest to New Zealand tax residents who receive money or property from overseas that may possibly be taxable in New Zealand and to their tax advisors.

This item summarises a private ruling about whether the market value of properties and chattels transferred between charitable trusts is taxable when the transferors deregister as charitable entities.

Tax Information Bulletin - Vol 37 No 8, September 2025

This interpretation statement considers the income tax treatment of amounts of money or property that New Zealand tax residents receive from a person overseas, including through inheritance. It addresses how to determine whether the person who transfers the money or property is a trustee of a trust and when the resident taxpayer has derived beneficiary income or a taxable distribution from a foreign trust.

Tax Information Bulletin - Vol 37 No 8, September 2025

This item summarises a private ruling that considered whether a company restructure for commercial and estate planning is tax avoidance.

Tax Information Bulletin - Vol 37 No 8, September 2025

New legislation

• Taxation (Budget Measures) Act 2025 commentary

Operational statements

• OS 25/04: The Commissioner of Inland Revenue’s search powers
• OS 25/05: Section 17B Notices

Question we've been asked

• QB 25/17: Income tax: Can I claim a deduction for expenses I incur on repairing a recently acquired capital asset?

Case summaries

• CSUM 25/10: High Court dismisses judicial review of decisions to decline proposals for relief under s 177 of the TAA
• CSUM 25/11: Risk of double recovery due to potential enforcement action by Inland Revenue does not prevent profit forfeiture orders under proceeds of crime regime

Technical decision summaries

• TDS 25/15: GST – input tax deductions, grants, omitted sale
• TDS 25/16: Charitable trust – transfer of assets

This question we’ve been asked (QWBA) discusses one of the key requirements for when the GST listed services rules apply. That is, the supply must be made by an underlying supplier to a recipient through an electronic marketplace operator. It explains that this requirement is satisfied when the marketplace is involved in, and facilitates, supplies between underlying suppliers and recipients.

Tax Information Bulletin - Vol 37 No 8, September 2025

This question we’ve been asked (QWBA) discusses some issues with identifying the relevant supplies for the GST listed services rules. It explains what listed services are and how to apply the GST listed services rules if a supply includes listed services with other goods or services.

Tax Information Bulletin - Vol 37 No 8, September 2025