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