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Vol 24 No 3
01 Apr 2012

TIB - April 2012

Legislation and determinations

  • Determination DEP81: Fertiliser storage facilities and remedial matters relating to the depreciation of buildings and grandparented structures
  • Provisional depreciation rate for dairy plant dry store buildings
  • Provisional depreciation rate for automated milking system 2012
  • International tax disclosure exemption ITR23

Questions we’ve been asked

  • QB 12/02: Income tax – treatment of quad bikes for depreciation purposes

Legal decisions – case notes

  • Court of Appeal denies automatic right of appeal
  • Leave given to determine appeal
  • Determination of tax residency


In the item “2012 International tax disclosure exemption ITR23”, on page 10, the year of application was incorrectly given as 2011. The ITR23 applies to the income year corresponding to the tax year ended 31 March 2012.