Skip to main content
Vol 6 No 2
Issued
01 Aug 1994

TIB - August 1994

Policy statements

  • Filing a special GST return when a creditor sells a debtor's goods in satisfaction of a debt
  • Deducting withholding tax from hotel and tavern door charges
  • Lease duty on lease variations or renewals
  • Misappropriation of property by partner in a partnership
  • Dividend withholding payment accounts and consolidated groups of companies
  • GST - supplies made to residents of commercial dwellings
  • GST - advertising for non-resident clients

Tax legislation and determinations

  • FBT - prescribed rate of interest increased
  • Child Support Amendment Act 1994

Questions we've been asked

  • Income Tax Act 1976 
  • Estate and Gift Duties Act 1968 
  • Stamp and Cheque Duties Act 1971 

Legal decisions - case notes

  • Rangatira Ltd v CIR: Profit on sale of shares - capital or revenue
  • TRA 93/211: Loss on disposition of depreciated property
  • TRA 93/100:  Wages subsidised by Employment Service - employer to deduct tax
  • Prouse v CIR: Profits from subdivision of land
  • Costello v CIR: Whether subdivision work was of a minor nature
  • Newman v CIR: GST and subdivisions
  • LR Lawrence v CIR:  Whether chartering a private launch constitutes a business
  • Allen Yacht Charters Ltd v CIR: Exchange of yachts - whether supply of taxable activity as a going concern