TIB - July 2013

Binding rulings

Product Ruling BR Prd 13/02: University of Canterbury and University of Canterbury Foundation
Product Ruling PR Prd 13/03: Reach Media – Distributors
Product Ruling PR Prd 13/04: Reach Media – Drivers
Product Ruling PR Prd 13/05: Reach Media – Supervisors
Product Ruling PR Prd 13/06: New Zealand Bloodstock Leasing Limited
Product Ruling BR Prd 13/07: Ministry of Business, Innovation and Employment
Public Ruling BR Pub 13/01 and 13/02: Income tax – Treatment of a subdivision of shares under section CB 4 and Treatment of a disposal of subdivided shares under section CB 4
BR Pub 13/03 and 13/04: Income tax – Treatment of unclaimed amounts of $100 or less

Legislation and determinations

Determination DEP84: Depreciation rate for printing machines (automated inkjet flatbed)
Provisional depreciation determination PROV25: Stabilised turf systems

Questions we’ve been asked

QB 13/02: Income tax – Determining the “subscriptions” amount for an amalgamated company under the available subscribed capital rules

Items of interest

Legal decisions – case notes

Judicial review proceedings for assessment under section 113 of the Tax Administration Act 1994 is not a bypass mechanism for dispute and challenge procedures
Application to debar Crown Law from acting
No special circumstances justifying appearance by tax agent and District Court debt recovery proceeding is not appropriate forum for dispute assessment