TIB - February 2000

Binding Rulings

• Correction to Public Ruling BR Pub 99/8
• Commentary Product Ruling - BR Prd 99/26
• Product Ruling - BR Prd 99/28

Interpretation Statements

• Dairy Farming – Deductibility Of Certain Expenditure

New Legislation

• Increase in the top personal tax rate
• Use of money interest rates

General Interest Items

• Use of money interest - provisional terminal tax payments

Legislation and Determinations

• Livestock values - 2000 national standard costs for specified livestock
• National Standard Costs for Specified Livestock Determination 2000

Standard Practice Statements

• Notification of a Pending Audit or Investigation INV-260

Legal decisions – case notes

• Whether objector liable for output tax on the sale of farm: TRA Number 012/99. Decision Number 6/2000
• Whether payment made to taxpayer was redundancy payment or retiring leave: TRA Number 97/111. Decision Number 5/2000
• Losses incurred in film partnership increased by fraud: TRA Number 98/57. Decision Number 4/2000