Vol 7 No 6
Issued
01 Dec 1995

TIB - December 1995

Binding rulings

  • Bonus payments - tax deductions and assessability
  • Tertiary student association fees
  • Policy statements FBT on benefits provided in NZ to employees of non-resident employers
  • GST - specified agent for incapacitated persons
  • RWT on matrimonial property settlement interest

Legislation and determinations

  • Depreciation on yachts - draft determination

Questions we’ve been asked

  • Income Tax Act 1994 
  • Goods and Services Tax Act 1985 
  • Accident Rehabilitation and Compensation Insurance Act 1992 
  • The Double Taxation Relief (China) Order 1986 
  • Tax Administration Act 1994 

Legal decisions - case notes

  • Pine v CIR: GST - supply of a going concern
  • Garwen Holding Ltd v CIR: Whether value of land at end of year to be taken into account for tax purposes