TIB - January 1994

Policy statements

• GST - section 21 and property developers who rent out property for residential purposes

Tax legislation and determinations

• Surgical implant instrument sets - depreciation
• Student Loan scheme - repayment threshold raised
• Residential rental property chattels - depreciation

Questions we've been asked

• Income Tax Act 1976 
• Goods and Services Tax Act 1985 
• Accident Rehabilitation and Compensation Insurance Act 1992 
• Child Support Act 1991 
• Student Loan Scheme Act 1992 

Legal decisions - case notes

• Finnigan v CIR, HC New Plymouth M 52/91:  Partner not entitled to deduct advance to partnership
• TRA No. 93/56: Purchase of secondhand asset outside NZ by bare trustee
• TRA 93/141: Use of assets accretion method upheld
• James Bull Ltd v CIR C.A. 37/93:  Investment allowances not available on equipment hired out