Vol 5 No 5
Issued
02 Oct 1993

TIB - October 1993

Policy Statements

  • Energy company shares - first sale not taxable
  • GST - Funding from Regional Health Authorities to rest homes and private hospitals
  • Distributions of trading stock at under value to shareholders
  • Determination E9: Persons not required to comply with section 104A of the Income Tax Act 1976

Questions we've been asked

  • Income Tax Act 1976 
  • Goods and Services Tax Act 1985 
  • Gaming Duties Act 1971 
  • Student Loan Scheme Act 1992 
  • Stamp and Cheque Duties Act 1971 
  • Child Support Act 1991 

Legal Decisions - Case Notes

  • LJ Prouse v CIR: Assessability of subdivision profits after a change in tax law
  • Windermere Forests v CIR: Whether trees are included in the definition of land
  • TRA 93/35: Resident status when NZ home rented out on long term basis
  • Canterbury Frozen Meat Co Ltd v CIR: Application to have proceedings struck out denied
  • TRA 90/68:  GST registration not to be cancelled before date of farm sale
  • TRA 91/128: Trader assessed on profit from share sales

See also the appendix.