TIB - May 1997
Legislation and determinations
- Fabric samples and fabric display stock – draft depreciation determination
- Determination: amount of a specified withholding payment (being prize money) which shall be regarded as expenditure incurred in production of payment
- Estate and Gift Duties (Termination of Exemption) Order 1997 – recent Order in Council with implications for local authorities
Binding rulings
- Interest on money borrowed to pay up uncalled or unpaid capital in a group company – deductibility and meaning of “to acquire shares” (BR Pub 97/4)
- Deductibility of interest on money borrowed to refinance a debt used to acquire shares – meaning of “acquired” (BR Pub 97/5)
- Charitable organisations and fringe benefit tax (BR Pub 97/6)
- Notice of withdrawn public rulings (BR Prd 97/13 and 97/14)
- Public Service Investment Society transaction fees (BR Prd 97/36)
Legal decisions - case notes
- Land subdivision – taxable activity: RD Wakelin v CIR
- Crown payments not subject to GST: CIR v NZ Refining Company Ltd