TIB - May 1996

Binding rulings

• Whether section CD 1 (4)(a)(i) and section CD 1 (7)(a) income tax exemptions apply to non-natural persons (BR Pub 96/8)
• Bank of New Zealand’s “Cash Drawer Saver” account (BR Prd 96/11)
• Global Communications Systems (NZ) Ltd’s sale of phone cards (BR Prd 96/14)

Policy statements

• Homestays - GST treatment
• GST incurred in determining tax liability
• Balance date change - transitional returns
• FBT and work related vehicles - Court decision in Rag Doll Fashions case

Legislation and determinations

• Marquees - draft depreciation determination
• Lawnmowers - depreciation
• Propane gas cylinders - depreciation
• Tomato graders - depreciation
• Chemists - prescription amounts due from the Department of Health

Questions we’ve been asked

• Income Tax Act 1994 
• Income Tax (Withholding Payments) Regulations 1979 
• Goods and Services Tax Act 1985 
• Student Loan Scheme Act 1992 

Legal decisions - case notes

• JPR Alexander v CIR: Unexplained deposits - whether assessable as dividend income
• TRA No 93/238: Out of Court settlement for damage to property - whether GST input tax deduction allowable