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