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Vol 16 No 10
01 Nov 2004

TIB - November 2004

Binding rulings

  • Product ruling – BR PRD 04/13

Interpretation statements

  • Income tax treatment of Treaty of Waitangi settlements
  • Travel by motor vehicle between home and work – deductibility of expenditure and FBT implications

Legislation and determinations

  • General depreciation determination DEP52

New legislation

  • GST guidelines for working with the new zero-rating rules for financial services
  • GST guidelines for recipients of imported services
  • Payments for protecting native forests

Legal decisions – case notes

  • Russell loses judicial review of interlocutory decision in summary prosecution: J G Russell v District Court (Manukau) and CIR
  • Supply of a going concern: TRA decision 010/03
  • Liability of directors for a company’s tax debt: Kim Spencer and Susan Spencer v CIR
  • Legal fees not deductible: CIR v Fullers Bay of Islands Limited, CIV2004-404-1731
  • Tenancy details omitted – not a going concern: TRA decision 026/2004
  • ACC late payment interest not income: Decision no 028/2004 (TRA 092/03)