TIB - March 1997
Legislation and determinations
- National standard costs for specified livestock – 1997
- Plant trolleys – Depreciation Determination DEP23
- Horizontal direction drilling machines – Depreciation Determination DEP24
- Mulchers (commercial) – draft provisional depreciation determination
- FBT prescribed interest rate reduced to 10.0%
Binding rulings
- GST: subdividers’ payments of financial contributions to local authorities as a condition of the grant of a resource consent (BR Pub 97/2)
- Assessability of payments under the Employment Contracts Act for humiliation, loss of dignity, or injury to feelings (BR Pub 97/3)
- Assessability of payments under the Employment Contracts Act for humiliation, loss of dignity, or injury to feelings (BR Pub 97/3A)
- Bank of New Zealand’s Capital Guaranteed Growth Fund (BR Prd 97/11)
- Bank of New Zealand’s Capital Guaranteed Growth Fund (BR Prd 97/12)
- Product binding rulings – updating under Taxation (Core Provisions) Act
Questions we’ve been asked
- Goods and Services Tax Act 1985: Input tax deductions for finance lease financiers and the appropriate method for section 21 adjustments
Legal decisions - case notes
- Judicial review - assessment under appeal: Miller & ors v CIR
- GST – supply of taxis to relief drivers: TRA 96/046
- GST registration – open market rental: TRA 96/126
- Marketing and selling of timeshare holidays – not zero-rated: Malololailai Interval Holidays NZ Ltd v CIR