TIB - May 2000

Binding rulings

• Notice of extension of public ruling
• Relationship between the “unit trust” and “qualifying trust” definitions: Notice of non-renewal of public ruling BR Pub 95/5A
• Bad debts – writing off debts as bad for GST and income tax purposes. Public ruling – BR Pub 00/03
• Product ruling – BR Prd 00/03
• Product ruling – BR Prd 00/04

Interpretation statements

• Matrimonial property agreements– GST implications. Notice of withdrawal
• Financial planning fees – income tax deductibility

Standard practice statements

• Tape-recording Inland Revenue interviews INV-330

Questions we’ve been asked

• Tax residence and eligibility of migrants for returning residents’ visas
• Shortfall penalties for failure to deduct or account for PAYE Sections 3, 4A(4) and 141A–141E of the Tax Administration Act 1994