Vol 20 No 2
Issued
01 Mar 2008

TIB - March 2008

New legislation

  • Income Tax Act 2007

Legislation and determinations

  • Livestock values – 2008 national standard costs for specified livestock
  • Fair dividend rate method determinations
    • Determination FDR 2008/01
    • Determination FDR 2008/02

Legal decisions – case notes

  • Trainer’s percentage is exempt income: TRA Decision Number 2/08
  • Commissioner entitled to use section 19 during the dispute resolution process: Gerald Malcolm Foxley and Anor v The Commissioner of Inland Revenue