Vol 25 No 6
Issued
01 Jul 2013

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

  • Change of name for the Adjudication Unit to Disputes Review Unit

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