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