TIB - October 2007

Binding rulings

• Product ruling – BR PRD 07/02
• Product ruling – BR PRD 07/03

New legislation

• Order in Council: Further rise in FBT rate for low-interest loans

Standard practice statements

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

Legal decisions – case notes

• Taxpayer fails in abuse of process claim: Sandra Hineato Anderson v The Commissioner of Inland Revenue
• Appealing strike out of judicial review application: Ch’elle Properties (NZ) Limited v The Commissioner of Inland Revenue
• TRA’s alternative assessment upheld: Max Beckham v The Commissioner of Inland Revenue
• Taxpayer loses procedural point: Decision 11/2007
• Taxpayer loses costs application: K & W Wynyard & Fox Trust v The Commissioner of Inland Revenue
• Special leave to appeal: Peter Lloyd Machirus v The Commissioner of Inland Revenue