Vol 19 No 9
Issued
01 Oct 2007

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