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This site contains the Commissioner’s interpretation of tax law, our Work Programme for the year, and where you can provide feedback on any new work underway or apply for a binding tax interpretation. Publications on this Tax Technical website are correct at the date of issue. Read more
This site contains the Commissioner’s interpretation of tax law. Read more

Volume 38 No 2 Tax Information Bulletin - March 2026

03 Mar 2026 TIB / Volume 38 - 2026

Determinations

  • PROV28: Provisional depreciation rate for battery energy storage systems (modular)
  • DET 26/01: Declaration that the January 2026 severe weather event is an emergency event for the purposed of family scheme income
  • DET 26/02: Declaration that the February 2026 severe weather event is an emergency event for the purposed of family scheme income
  • NSC 2026: National Stand Costs for Specified Livestock Determination 2026

Product rulings

  • BR Prd 25/07: New Zealand Bloodstock Finance and Leasing Limited
  • BR Prd 25/08: Northride New Zealand Limited

Technical decision summary

  • TDS 26/01: Opening value of FIF income calculation

IS 26/01 FS 2 Leaky buildings and income tax – deductibility of repairs and maintenance expenditure – general principles

02 Mar 2026 Fact sheets / 2026
This fact sheet accompanies IS 26/01: Income tax – deductibility of repairs and maintenance expenditure – general principles. IS 26/01 explains when you can claim an income tax deduction for repairs and maintenance costs for physical property and features 27 examples (including two relating to leaky buildings). This fact sheet gives a brief summary of the key points from IS 26/01 that specifically relate to leaky buildings. Another fact sheet (IS 26/01 FS 1) summarises all the key points from IS 26/01.

IS 26/01 Income tax – deductibility of repairs and maintenance expenditure – general principles

02 Mar 2026 Interpretation statements / 2026
This interpretation statement considers the general principles governing the income tax treatment of expenditure taxpayers incur in carrying out work on tangible property they use in a business or income-earning activity.

IS 26/01 FS 1 Income tax – deductibility of repairs and maintenance expenditure – general principles

02 Mar 2026 Fact sheets / 2026
This fact sheet accompanies IS 26/01: Income tax – deductibility of repairs and maintenance expenditure – general principles. IS 26/01 explains when you can claim an income tax deduction for repairs and maintenance costs for physical (tangible) property and includes over 20 examples. This fact sheet gives a quick summary of the key points from IS 26/01.

BR Prd 26/01 Covenant Trustee Services Limited as trustee of the Goodman Property Trust

27 Feb 2026 Rulings / Product / 2026

The ruling relates to the Applicant’s payment of a distribution to its unitholders and whether this payment is excluded income of the unitholders under s CX 56C of the Income Tax Act 2007.

NSC 2026 National standard costs for specified livestock determination 2026

23 Feb 2026 Determinations / Livestock / Standard costs

2026 determination lists the national standard costs for specified livestock.

DET 26/02 Declaration that the February 2026 severe weather event is an emergency event for the purposes of family scheme income

19 Feb 2026 Determinations / Emergency Events / 2026

TDS 26/01 Opening value of FIF income calculation

18 Feb 2026 Technical decision summary / 2026
This item summarises a private ruling that considered the opening value for the fair dividend method of calculating the foreign investment fund income of a taxpayer whose transitional residence period has ended.

PROV28 Provisional depreciation rate for battery energy storage systems (modular)

04 Feb 2026 Determinations / Depreciation / Provisional / 2026

DET 26/01 Declaration that the January 2026 severe weather event is an emergency event for the purposes of family scheme income

03 Feb 2026 Determinations / Emergency Events / 2026
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