TIB - October 1994

Policy statements

Deducting sponsorship as advertising expenditure
GST and door to door sales
Spreading of authors income for tax purposes
Ceasing to satisfy the conditions for accounting for GST on payments basis
Tax treatment of bodies corporate which are constituted under the Unit Titles Act 1972
Payments made by instalments - accounting for GST on payments basis
Personal sickness or accident insurance policies and loss of earnings insurance policies (individual policies only)
Correction - NZ Superannuitants receiving overseas government pensions

Legislation and determinations

Paying FBT yearly - no change in base interest rate
Budget night announcements - legislation passed
Determination E10: persons not required to comply with section 104A of the Income Tax Act 1976
Income Tax (Deemed Rate of Return 1993-94 Income Year) Regulations 1994

Questions we've been asked

Legal decisions - case notes

Shell NZ Ltd v CIR: Payments to employees who relocate
Coveney v CIR, Dooley v CIR, Swain &Adams v CIR: Whether a GST input tax credit can be claimed on the purchase of a farm dwelling
TRA 93/143: Whether life insurance agent’s expenditure is deductible
TRA 93/87: Whether penal tax charged was excessive
TRA 93/133: Whether penal tax charged was excessive