TIB - January 2003

Binding rulings

• Product Ruling - BR PRD 02/20
• Product Ruling - BR PRD 02/21

New legislation

• Student loan scheme - Repayment and interest write-off thresholds for 2003-04

Legislation and determinations

• General depreciation determination DEP 48 - prints (including limited edition prints), paintings and drawings

Legal decisions - case notes

• Legal fees partially incurred for principal purpose, no arrangement in place, income not returned, shortfall penalties for evasion and lack of reasonable care: TRA 19/2002
• Tax avoidance correctly addressed and Commissioner's assessment confirmed: Dandelion Investments Limited v CIR
• Mortgagee sales: Christchurch Readymix Concrete Ltd v Rob Mitchell Builder Ltd (in liquidation)