Vol 16 No 6
Issued
01 Jul 2004

TIB - July 2004

Binding rulings

  • Product ruling – BR PRD 04/06
  • New legislation Taxation (Working for Families) Act 2004

Legal decisions – case notes

  • Jurisdiction of the Taxation Review Authority: TRA 020/04
  • Applications for leave to bring proceedings out of time and summary judgment: GAR Palmer v CIR
  • Availability of input tax credits: Ch’elle Properties (NZ) Ltd v CIR
  • Fraudulent and wilfully misleading: TRA 037/2000

Operational statements

  • Income treatment of certain expenditures on conversion of land from one farming or agricultural purpose to another

Questions we’ve been asked

  • Do the statutory time-bar provisions apply to shortfall penalties?
  • GST group registration of trusts

Rewrite advisory panel

  • Statement setting out the process for resolving potential unintended changes in the Income Tax Act 2004
  • Panel Statement – RAP 001