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.