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Vol 5 No 6
01 Nov 1993

TIB - November 1993

Policy Statements

  • ACC earner and employer premiums
  • Tax avoidance - shares sold to holding company to finance house purchase
  • Frequent flyers' schemes - tax treatment
  • Legal requirements in cases of fraudulent actions

Tax legislation and determinations

  • Income Tax (Deemed Rate of Return) Regulations 1993
  • Depreciation rate for professional loggers' chainsaws

Questions we've been asked

  • Income Tax Act 1976 
  • Goods and Services Tax Act 1985 
  • Corrections to earlier items 

Legal Decisions - Case Notes

  • TRA 92/162: Availability of export incentives and sale of a yacht
  • Costello and Costello v CIR: Profits from subdivision of land
  • TRA 91/75: Loss on redemption of preference shares
  • HC No. AP 61/93: Land tax liability of a charity