This question we’ve been asked clarifies when the new rules providing for the depreciation of commercial buildings apply from.

The use of cryptoassets and distributed ledger technology (e.g. blockchain) is becoming increasingly common. As a result, Inland Revenue has been asked to clarify the tax treatment of various types of cryptoasset transactions and arrangements. These items address the income tax consequences of receiving cryptoassets from an airdrop.

The use of cryptoassets and distributed ledger technology (e.g. blockchain) is becoming increasingly common. As a result, Inland Revenue has been asked to clarify the tax treatment of various types of cryptoasset transactions and arrangements. These items address the income tax consequences of receiving cryptoassets from a hard fork.

This Question We’ve Been Asked provides guidance on the deductibility of expenses commonly incurred by hotel, motel and boarding house proprietors who live on site, particularly where the expenses have both a business and private character.

This public ruling considers whether a GST input tax deduction can be claimed for a bad debt write-off when a debt is factored.  The ruling replaces BR Pub 06/01.

BR Pub 06/01 Withdrawal notice

The deemed rate of return for taxing foreign investment fund interests is 4.43% for the 2020-2021 income year, down from the previous year’s rate of 5.05%.

This statement is intended to clarify and simplify the tax rules around employer-provided accommodation.

This Statement sets out a change in the Commissioner’s approach to applying the income tax return filing exemption in s 43B of the Tax Administration Act 1994 to estates.

Following user feedback, we now present our most up to date content on this page. Newest items are front and centre, or you can click the Current consultations tab to have your say on our public advice and guidance drafts.

This is a judicial review proceeding in which Mr Lindsay challenged the Commissioner of Inland Revenue’s (the Commissioner) decision requiring him to pay child support dating back to 2003.
Cooke J upheld Mr Lindsay’s judicial review challenge, making a declaration that the child support assessment of the Commissioner dated 23 November 2017 is invalid to the extent that it imposed backdated liability to 2003.
Cooke J also awarded scale costs against the Commissioner with an uplift of 10%.