TIB - July 1998

Legislation and determinations

• Hydrogen manufacturing unit and hydrocracker catalysts (DEP37)
• Woven reflective mulch (DEP38)
• Crayfish (baby) – peurulus traps (PROV7)
• Farm and fishing vessel ownership savings accounts
• 1998 deemed rate or return announced for foreign investment fund regime
• Electricity revenue and data logging terminals – depreciation
• Bird netting – depreciation

Interpretation statements

• Available subscribed capital – consequences of deemed reregistration

Interpretation guidelines

• Computer software – payment to non-resident for use (PIB article withdrawal)

Questions we’ve been asked

• Child support – shared custody

Legal decisions - case notes

• Trust taking over former Government activities – whether limited to “financial transaction” for GST purposes: Chatham Islands Enterprise Trust v CIR
• Business transferred from harbour board to port company – deductions disallowed: Auckland Harbour Board v CIR
• Farm land subdivided and sold – whether GST taxable activity: TRA 96/104
• Employee status of company directors: Roma Properties Ltd v CIR
• Shares issued as part of purchase – whether payment made: TRA 91/134