TIB - September 1995
Binding rulings
- GST: Secondhand goods input tax deduction for forestry rights
- Companies claiming an income tax deduction for gifts of money
- United Airlines employee share purchase scheme (Gazette notification)
Policy statements
- Retraining payments made on employment termination - assessability
- Difference between a taxable activity (GST) and a business activity (income tax)
- Additional tax - remission when taxpayer makes an incorrect interpretation
- Employer premium rate - partnership earnings other than as an employee
- Zero-rating goods and services for GST - where to enquire
- GST registration - effective date when applicant requests backdated voluntary registration
- Conveyances involving intermediaries - conveyance duty
Legislation and determinations
- Golfing equipment - depreciation
- CCH electronic publications - depreciation
- FBT - prescribed interest rate lowered to 10.6%
- Wool combing machinery - depreciation
Questions we’ve been asked
- Income Tax Act 1994
- Goods and Services Tax Act 1985
- Student Loan Scheme Act 1992
Legal decisions - case notes
- Budget Rent A Car v CIR: Bad debts - deductibility
- TRA 93/235: Share write-off - loss deductible
- Norfolk Apartments Limited v CIR: Retirement village development - GST input credits not claimable
- Hutchinson Brothers Limited v CIR: Reopening assessments - limitation periods
- Golden Bay Cement Company Limited v CIR: Judicial review - issuing an amended tax assessment
- Alexander & Alexander Pension Plan v CIR: When transactions by superannuation schemes Pension Plan v CIR constitute “dealing in shares”