TIB - October 2010

Binding rulings

• Public Ruling BR Pub 10/09: Legal services provided to non-residents relating to transactions involving land in New Zealand

New legislation

• Taxation (Definitions of Dependent Child) Act 2010
• Orders in Council
  • FIF deemed rate of return set for 2009–10
  • FBT rate for low-interest loans
  • Remission of use-of-money interest for Canterbury earthquake victims

Legislation and determinations

• Marine fender systems – depreciation determination

Legal decisions – case notes

• Application to commence proceeding under section 138D of the Tax Administration Act 1994
• Supreme Court declined leave to appeal