Vol 19 No 7
Issued
01 Aug 2007

TIB - August 2007

Legislation and determinations

  • Determination DEP61: Tax Depreciation Rates General Determination Number 61
  • Determination DEP62: Tax Depreciation Rates General Determination Number 62
  • Determination DEP63: Tax Depreciation Rates General Determination Number 63
  • Draft general depreciation determination – exposure draft DDG0112
  • Interpretation statements IS 07/02: Is an agreement for the sale and purchase of property an “invoice” for GST purposes?

Questions we’ve been asked

  • QB 07/03: Trustees in the context of the Goods and Services Tax Act 1985: does a separate trustee capacity and personal capacity exist and do separate trustee capacities exist for trustees of multiple trusts?
  • QB 07/04: Trophies and animal products derived from the tourist hunting and safari industry that are to be mounted in New Zealand—zero-rating

Legal decisions – case notes

  • Service of Notice of Response sent to incorrect address sufficient: The Commissioner of Inland Revenue v LGH Thompson
  • Trinity investors lose appeal: Accent Management Ltd, Ben Nevis Forestry Ventures Ltd, Bristol Forestry Ventures Ltd, Clive Bradbury, Greenmass Ltd, Gregory Peebles, Kenneth Laird Estate, Lexington Resources Ltd and Redcliffe Forestry Ventures Ltd v The Commissioner of Inland Revenue
  • Trinity litigants lose appeal based on Trinity settlements: Accent Management Ltd, Ben Nevis Forestry Ventures Ltd, Bristol Forestry Ventures Ltd, Clive Bradbury, Greenmass Ltd, Gregory Peebles, Kenneth Laird Estate, Lexington Resources Ltd and Redcliffe Forestry Ventures Ltd v The Commissioner of Inland Revenue
  • Trustee liable for post bankruptcy tax debt: The Commissioner for Inland Revenue v Philip John Duncan
  • Unsuccessful appeal from The Commissioner of Inland Revenue’s strike-out application: Ron West Motors (Otahuhu) Limited v The Commissioner of Inland Revenue
  • Court of Appeal holds TRA’s avoidance findings for property development: Ch’elle Properties (NZ) Limited v The Commissioner of Inland Revenue