Vol 4 No 5
Issued
01 Dec 1992

TIB - December 1992

New Tax Legislation

  • Income Tax Amendment Act (No.5) 1992 Gaming Duties Amendment Act (No.2) 1992
  • Stamp and Cheque Duties Amendment Act (No.4) 1992
  • Estate and Gift Duties Amendment Act (No.2) 1992

Policy Statements

  • Share losses - deductions
  • Hire purchase agreements - when to return income
  • Objecting to assessments
  • Interest on qualifying tax in dispute
  • Depreciation on second-hand assets
  • GST and suspensory loans
  • Companies in receivership or liquidation - RWT exemption certificates

Questions we've been asked

  • Income Tax Act 1976 
  • Goods and Services Tax Act 1985