TIB - March 2012

Binding rulings

• Product ruling BR Prd 11/06: St Lukes Group Ltd

Legislation and determinations

• Special determination S19: Mandatory conversion convertible notes with consumer price index adjustments to face value
• Special determination S20: Convertible redeemable notes and preference shares
• Livestock values – 2012 national standard costs for specified livestock

Questions we’ve been asked

• QB 12/01: Income tax – deductibility of expenditure on replacing and extending an inlet race to a dairy shed