TIB - May 2008

Legislation and determinations

• 2008 International tax disclosure exemption ITR19
• Fair dividend rate method determinations
  • Determination FDR 2008/07
  • Determination FDR 2008/08
  • Determination FDR 2008/09
• Foreign currency amounts – conversion to New Zealand dollars

Legal decisions – case notes

• Tax advisor’s statutory non-disclosure right narrower than legal professional privilege: Iain Wilson Blakeley v The Commissioner of Inland Revenue
• A deed of gift of money and declaration of trust: Begg and Jacksons v The Commissioner of Inland Revenue
• Trinity Supreme Court hearing adjourned: Ben Nevis Forestry Ventures Limited, Accent Management Limited and Ors v The Commissioner of Inland Revenue
• Application to represent a taxpayer company by virtue of a long-standing association with the company: Central Equipment Company v The Commissioner of Inland Revenue