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Vol 15 No 1
01 Jan 2003

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)