Vol 18 No 1
Issued
01 Feb 2006

TIB - February 2006

Standard practice statement

  • SPS 05/12 – Loss offset elections between group companies

Legal decisions – case notes

  • District Court proceedings reinstated: Graham Ashley Robert Palmer v The Commissioner of Inland Revenue
  • Striking out judicial review application: The Commissioner of Inland Revenue v Ch’elle Properties (NZ) Ltd
  • Change of use adjustments explained: The Commissioner of Inland Revenue v Lundy Family Trust and Behemoth Corporation Limited
  • PAYE required to be paid by employee: Decision No: 17/05
  • Family taxable on share trading activity: Dowell & Ors as trustee for Estate Frank King, Brenda King, & Ann King v The Commissioner of Inland Revenue
  • Judicial review fails: Dowell & Ors as trustee for Estate Frank King, Brenda King, & Ann King v The Commissioner of Inland Revenue

Questions we’ve been asked

  • The impact of company amalgamations on financial arrangement determinations

Interpretation statements

  • Shortfall penalty for taking an abusive tax position