TIB - January 1993
New Tax Legislation
- Proposed new tax treatment for entertainment expenditure
- Energy Companies - tax implications of Energy Companies Act 1992
- Student Loan Scheme Act 1992
Policy Statements
- Non-standard balance dates and business income
- GST and bloodstock destined for export to Asia - definition of consumption
Questions we've been asked
- Income Tax Act 1976
- Goods and Services Tax Act 1985
- Stamp and Cheque Duties Act 1971
Legal decisions - case notes
- CIR v Inglis: Deduction for loss on shares - acquired for resale
- CIR v Stockwell: Deduction for loss on shares - taxpayer in business of dealing in shares, and had acquired them for resale
- TRA No.88/92: Commodity and hedging contracts, and the accrual regime
- TRA No.82/92: Travel agents operating under company mantle not employees
- TRA No.92/19: Stolen money not assessable income, losses from trading on futures market deductible
- James Bull Ltd v CIR: Farming investment allowance disallowed
- Case P85: Loss of profits insurance payout assessable when payment settled
- TRA No.92/94, 92/95, 92/96: Money taken by shareholders deemed dividends
- Case P86: Penal tax reduced
- CIR v Watson: TRA decision allowing business expenses upheld
- Turakina Maori Girls College & ors: Attendance dues for integrated schools subject to GST
- Case P83: Australian registered for GST for farm subdivision
- Case P84: Purchase of business premises, previously leased by purchaser and partner, not a going concern
- TRA No.92/93: Purchase of a charter yacht not a going concern
- TRA No.91/184: Consent order settling property valuation
- TRA No.92/119: GST invoice requirements
- TRA No.91/70: Costs not imposed on late withdrawal of objection
- TRA No.92/88: Dismissal of objection for non-appearance
- TRA No.92/87: Case withdrawn by consent, no costs order