TIB - December 1997

Standard practice statements

• Extension of time applications from taxpayers without tax agents
• Remission of penalties and interest

Binding rulings

• Sale of long-term residential properties – GST implications (BR Pub 97/12)
• Notice of extension of Public Ruling (BR Pub 95/1A)

Legislation and determinations

• Foreign currency amounts – conversion to NZ currency
• International tax disclosure forms

Legal decisions - case notes

• BNZ Finance Limited v Holland and Nash (Privy Council, 30 October 1997)