TIB - December 2007

Legislation and determinations

• Determination – Use of fair dividend rate method for a type of attributing interest in a foreign investment fund
• Notice: Income Tax Act 2007

Standard practice statements

• Correction: SPS 07/05 Transfer of depreciable property between associated persons – section EE 33 of the Income Tax Act 2004

Legal decisions – case notes

• Share transactions not taxable: Dowell & Ors as trustees for Estate Frank King, Brenda King & Ann King v The Commissioner of Inland Revenue
• The Commissioner obtains interim charging order and mareva injunction over trust assets: The Commissioner of Inland Revenue v Joseph Colin Skudder, Willerton Investments Limited, Athena Professional Trustees Limited

Regular features: Due dates reminder

Research & Development Tax Credit Guide consultation

• Please note: This item has been added since this issue of the TIB went to print