Vol 12 No 2
Issued
01 Feb 2000

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