Vol 9 No 1
Issued
01 Jan 1997

TIB - January 1997

Legislation and determinations

  • Tags (security) - Depreciation Determination DEP21
  • Plant trolleys - draft depreciation determination
  • Filing United States tax returns - new regulations

Binding rulings

  • Lease surrender payments - income tax treatment (BR Pub 97/1)
  • Lease surrender payments - income tax treatment (BR Pub 97/1A)
  • Colonial Mutual Life Assurance Society Ltd - demutualisation process does not of itself create tax liability for shareholders (BR Prd 96/37)
  • Colonial Mutual Life Assurance Society Ltd demutualisation - issue of shares and options does not constitute a claim (BR Prd 96/38)
  • Colonial Mutual Life Assurance Society Ltd demutualisation - issue of shares and options not assessable as a dividend (BR Prd 96/39)
  • Non-binding tax statement to Colonial policyholders
  • Colonial Mutual Life Assurance Society Ltd demutualisation - extinguishment of former rights does not constitute a gift (BR Prd 96/45)
  • DB Group Ltd’s share cancellation - payments to shareholders do not constitute a dividend (BR Prd 96/43)
  • Bay of Plenty Co-operative Fertiliser Co Ltd’s offer to Southfert Co-operative Ltd’s shareholders (BR Prd 96/48)

Legal decisions - case notes

  • Challenging the validity of an assessment by judicial review proceedings: NZ Wool Board v CIR
  • Onus on taxpayer to show intelligible basis for apportionment: Barron Fishing Ltd v CIR
  • Assessability of a lump sum payment received upon leaving employment: TRA 95/72
  • Assessability of a lump sum payment received upon leaving employment: TRA 95/10