Vol 23 No 6
Issued
01 Jul 2011

TIB - July 2011

Legislation and determinations

  • Determination DET EE-11/01: Declaration of the Canterbury earthquake of 4 September 2010 as an emergency event for the purposes of family scheme income
  • Determination DET EE-11/02: Declaration of the Canterbury earthquake of 22 February 2011 as an emergency event for the purposes of family scheme income
  • Fleet tracking unit – depreciation

Interpretation statements

  • IS 11/01: Income tax – depreciation: Meaning of “obsolescence” in the definition of “estimated useful life”

New legislation

  • Taxation (Canterbury Earthquake Measures) Act 2011
  • Taxation (Annual Rates and Budget Measures) Act 2011
  • Order in Council: FBT rate for low-interest loans falls

Legal decisions – case notes

  • Receivers liable to return and pay GST on mortgagee sale