TIB - August 2000

Binding rulings

• Advertising space and advertising time supplied to non-residents – GST treatment: Public Ruling – BR Pub 00/06
• Debt factoring arrangements and GST: Public Ruling – BR Pub 00/07
• Product Ruling – BR Prd 00/06

Questions we’ve been asked

• Website expenditure – deductibility: Section BD 2, Income Tax Act 1994 – Allowable deductions
• Real estate sale and purchase – GST apportionments of income and expenditure: Section 2(1), Goods and Services Tax Act 1985 – definition of “consideration”

Legal decisions – case notes

• GST treatment of sums received by taxpayer from parent company under warranty agreement: CIR v Suzuki New Zealand Limited