TIB - September 1993

Legislative Changes

• FBT - prescribed rate of interest reduced from 1 July 1993

Policy Statements

• The IR 10 and section 25 of the Income Tax Act

Questions we've been asked

• Income Tax Act 1976 
• Goods and Services Tax Act 1985 
• Estate and Gift Duties Act 1968 

Legal Decisions - Case Notes

• Lambert v CIR: Application out of time under Matrimonial Property Act
• Darnill Ltd v CIR: Application to have TRA decision set aside
• TRA 92/104: Loss on sale of shares
• TRA 92/22 and 92/17: Frivolous or vexatious proceedings
• TRA 92/84 and 92/83: Deductibility of unrealised loss on preference shares