Issued
2019

Volumes 31-40

Completed reviews of Public Information Bulletins vol 31-40 (1966 to 1967).

PIB Volume 31, April 1966
The following items have no current application and will not be republished:
Page 5 More about tax relief on retirement from farming
Page 6 Higher depreciation on assets used in special conditions
Page 7 Maximum exemption for life insurance and superannuation payments
Page 7 Initial depreciation on secondhand own-your-own accommodation for employees
Page 7 Stamp duty on buying a home
Page 7 Profits from building societies

 

PIB Volume 32, May 1966
The following items have no current application and will not be republished:
Page 4 Some research fellowships are tax free
Page 6 Investment allowance for West Coast South Island extended
Page 8 Provisional tax
Page 8 Universal superannuation and provisional tax
Page 9 How to apportion expenditure on income producing buildings
The following items have been updated and republished:
Page 7 More deductions for costs of educating employees' children in remote areas, as part of QB 18/13 Income tax – what is the tax treatment of allowances paid and benefits provided to farm workers?
Page 8 Withholding tax on annuities paid to overseas beneficiaries, as part of IS 18/01 Taxation of trusts – income tax (paras [13.53] to [13.61])

 

PIB Volume 33, June 1966
The following items have no current application and will not be republished:
Page 7 Purpose of loan decides if interest deductible
Page 7 Formal share transfers are not always needed
Page 9 Cleaning contract payments are liable to withholding tax
Page 11 Two jobs - one return
Page 11 Separate returns for husband and wife
Page 11 Housekeeper employed to look after children
This volume included commentary relating to the following legislation:
Page 3 Land and Income Tax Amendment Act 1966 (budget proposals)

 

PIB Volume 34, July 1966
The following items have no current application and will not be republished:
Page 6 Higher depreciation rate on some farm buildings
Page 7 More deductions for development expenditure
Page 9 How back pay from a wage increase is taxed
Page 11 Wife and housekeeper exemption in same year
Page 11 Tax on wages for cleaning jobs

 

PIB Volume 35, August 1966
The following items have no current application and will not be republished:
Page 5 No gift duty on some gifts
Page 6 Farm planning and the farm income equalisation scheme
Page 7 How profit or loss by companies on short term money market dealings is taxed
Page 8 How to plan easier payment of provisional tax
Page 8 Companies mining diatomite
Page 9 More liberal spread for special depreciation
Page 10 Tax codes for school children
Page 10 How to show a retiring allowance in a tax deduction certificate
Page 10 Schoolteacher working in school holidays

 

PIB Volume 36, October 1966
This volume included commentary relating to the following legislation:
Page 6 Land and Income Tax (Annual) Act 1966
Page 6 Land and Income Tax Amendment Act 1966
Page 12 Estate and Gift Duties Amendment Act 1966
Page 12 Stamp Duties Amendment Act 1966

 

PIB Volume 37, November 1966
The following items have no current application and will not be republished:
Page 4 Holiday workers level out your tax with a special tax code certificate
Page 5 How to tax holiday pay
Page 6 No tax on jurors' expenses - how jurors' fees are taxed
Page 7 Hints about PAYE for the farmer who employs a shearing contractor
Page 9 How discretionary trusts are taxed
Page 10 Company donations to general research
Page 11 Livestock relief for farmers on new farms
Page 11 Higher depreciation rate on milking sheds
Page 12 Depreciation recovered and distributed to shareholders on sale of buildings is a dividend
The following item is still under review:
Page 12 Early withdrawals from equalisation reserve fund for urgent building
The following item has been replaced:
Page 6 When to return director's fees. Withdrawn and replaced by IS 16/06: Income tax - timing - when is income from professional services derived?

 

PIB Volume 38, February 1967
The following items have no current application and will not be republished:
Page 6 NRWT cut on some royalties paid to UK owners
Page 7 Extra tax exemption for some widows and widowers with dependent children
Page 8 Signing share transfers
Page 8 Fruit picking in spare time

 

PIB Volume 39, March/April 1967
The following items have no current application and will not be republished:
Page 6 Avoidance of double tax - how new NZ-UK agreement works
Page 13 Regular pay period straddles 31 March 1967 how earnings should be shown in tax deduction certificates
Page 16 Estate duty
Page 16 Casual fruit pickers employed by a contractor
Page 16 Export market development expenditure
This volume did not include any legislative commentary.

 

PIB Volume 40, May/June 1967
The following items have no current application and will not be republished:
Page 3 Salary and wage earners - remember to claim for union fees and subscriptions
Page 4 Minister's statement - Some tax incentives extended
Page 5 Companies mining Sodium Chloride (common salt)
Page 7 Wages paid to wife
Page 10 Expenses you may claim when leasing a business asset
Page 12 Dividends from the UK
Page 14 Employee changes tax code during the year
Page 14 Endorsement on dividend warrants about social security charge not needed now
Page 14 Dividend warrants instead of certificate IR202
Page 15 Company donations to general and scientific research
The following items are still under review:
Page 9 Changes in the farm income equalisation scheme
The following item has been updated and republished:
Page 9 Allowances for shepherds, musterers and drovers, as part of QB 18/13 Income tax – what is the tax treatment of allowances paid and benefits provided to farm workers?