TIB - October 1996

Interpretation statements

• GST - Supplies of dwellings and other real property
• Long service leave - when expenditure on account is incurred

Legislation and determinations

• Marquees - depreciation determination DEP18
• Scaffolding - draft depreciation determination
• Tags (security) - draft depreciation determination

Binding rulings

• NZ Guardian Trust Company Ltd’s NZGT30 Fund (BR Prd 96/25)
• NZ Guardian Trust Company Ltd’s NZGT30 Fund (BR Prd 96/28)
• Binding ruling BR Prd 96/9 withdrawn

Legal decisions - case notes

• Lump sum tenancy inducement payments - assessability: High Court CP 1287/95, 1288/95
• Letter of credit - time of payment for GST taxable supply: TRA 95/013
• Severance of employment payments - assessability: TRA 96/114 and 96/059
• Company strike-off - effect on case stated proceedings: TRA 93/WN/029