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QB 22/07 Income Tax and Goods and Services Tax – Treatment of bloodstock breeding

06 Sep 2022 Questions we've been asked / 2022
This question we’ve been asked clarifies the Commissioner’s view on certain aspects of the income tax and GST treatment for persons who own bloodstock for the purposes of carrying on a bloodstock breeding business.

PUB00351: Income tax – Application of the s CZ 39 bright-line test to certain family and close relationship transactions

31 Aug 2022 Web page
Send us your feedback on this draft interpretation statement and fact sheet which consider the bright-line test for residential land and how it applies to certain family and close relationship transactions.  

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31 Aug 2022 Web page
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ED00244: Tax Depreciation Rates for automated ship mooring systems

30 Aug 2022 Web page

Send us your feedback on this draft determination item which sets depreciation rates for automated ship mooring systems used in the ordinary course of business. 

QB 22/06 Deductibility of overseas travel expenses

30 Aug 2022 Questions we've been asked / 2022

This question we've been asked considers whether income tax deductions can be claimed for overseas travel costs (other than meal costs). It also covers how to apportion costs when only part of the total amount incurred is deductible.

This item replaces: Policy Statement “Overseas travel expense claims” published in Tax Information Bulletin Vol 7, No 2 (August 1995): 13.

This item will be published in the October 2022 Tax Information Bulletin.

Vol 34 No 8 TIB - September 2022

25 Aug 2022 TIB / Volume 34 - 2022

New legislation

  • LI2022/232 - Order in Council: Tax Administration (July Adverse Weather Event) Order 2022

Determinations

  • DEP108: Tax depreciation rates for hydrofraise rigs
  • FDR 2022/01: A type of attributing interest in a foreign investment fund for which a person may use the fair dividend rate method.

Ruling

  • BR Prd 22/08: Ministry of Education

Interpretation statements

  • IS 22/04: Claiming depreciation on buildings
  • IS 22/05: Cash basis persons under the financial arrangements rules

Technical decision summaries

  • TDS 22/13: Whether portable units are exempt supplies of accommodation in a dwelling
  • TDS 22/14: GST and income tax: Liable as agent for tax obligations of a company?
  • TDS 22/15: Deductibility of depreciation and expenses
  • TDS 22/16: Non-resident supplier – application for GST registration

PUB00341: Payments by parents to private schools

15 Aug 2022 Web page
Send us your feedback on these draft items which cover the tax treatment of payments made by parents to private schools.

PUB00398: Company losses – ownership continuity, sharing and measurement

11 Aug 2022 Web page

Send us your feedback on this draft interpretation statement which considers company losses – ownership continuity, sharing and measurement.

 

 

BR Prd 22/04 Sustainable Mobility Limited (trading as Zilch)

03 Aug 2022 Rulings / Product / 2022
The Arrangement is the provision of vehicles owned by Sustainable Mobility Limited (trading as Zilch) to a business customer who uses the vehicles for business purposes. The Arrangement also enables a driver–employee of the business customer to pay Zilch for the use of the vehicles for their private purposes.

TDS 22/15 Deductibility of depreciation and expenses

03 Aug 2022 Technical decision summary / 2022

Income Tax: Deductions for expenses and depreciation; quantum of losses carried forward; depreciation of pooled assets. Tax Administration Act 1994: Deemed acceptance.

Tax Information Bulletin Vol 34 No 8, September 2022

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Public Statements Service customer survey

In October 2021, Public Rulings and Technical Standards ran a customer survey to identify levels of customer satisfaction and to invite comments on ways in which we can improve our products and services.

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COVID-19 variation determinations

We have published a number of determinations that recognise the impact of COVID-19 on taxpayers and their ability to comply within timeframes.

See COVID-19 variations.