TIB - June 1995
Policy statements
- LAQCs with shares carrying the right to appoint representative directors
- GST status of cash dividends
- Whether an activity is a GST taxable activity or a hobby
- GST - the meaning of open market value
- Adverse event income equalisation scheme
- Taxation of income from illegal activities
- Non-resident shipping operators operating within NZ's coastal waters
- Taxpayers in financial difficulties
Legislation and determinations
- National average market values of specified livestock - 1995
- Non-resident contractors withholding tax
- NZ Superannuation and pay period taxpayers - correction
- Income Tax (Deemed Rate of Return (1994-95 Income Year)) Regulations 1995
Questions we've been asked
- Income Tax Act 1994
- Income Tax (Withholding Payments) Regulations 1979
- Goods and Services Tax Act 1985
Legal decisions - case notes
- Waste Management NZ Ltd v CIR: Prevention of pollution incentive - whether expenditure qualifies
- TRA 94/91: Commercial building - whether sold as a going concern
- Trustees of Est KF Gray v CIR: Trust deed arrangement - whether exempt from stamp duty
- TRA 94/124: First farm purchase - whether taxpayer entitled to stamp duty exemption
- TRA 94/92: Charitable trust’s gaming machine duty liability
- Finnigan v CIR: Whether amounts paid by taxpayer were interest or advances of capital
- DM Graham v CIR Edwards Graham Ltd and BD Edwards v CIR: Whether debts written off are bad
- Chatswood Estate Ltd v CIR: Whether interest payable by Commissioner on conceded case
- TRA 93/195: Whether motor vehicle available for private use or enjoyment
- King Country Electric Power Board v CIR: Deductibility of holiday pay and depreciation
See also the appendix.