TIB - December 2000

New legislation

• Taxation (GST and Miscellaneous Provisions) Act 2000 00/39
• Taxation (Annual Rates of Income Tax 2000–2001) Act 2000 00/40
• Consultation on valuation of nursery plants to continue
• Fringe Benefit Tax – Prescribed rate of interest
• Social Welfare (Transitional Provisions) Amendment Act 2000

General interest items

• Passive tracker funds ruling applications

Legal decisions – case notes

• Unsuccessful application for judicial review in relation to assessments by the Commissioner: Denys Jeremy Douglas v CIR
• Whether payments made to service stations in relation to trade tie agreements were capital or revenue: Birkdale Service Station Limited & Ors v CIR