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Vol 25 No 7
01 Aug 2013

TIB - August 2013

 Interpretation statements

  • IS 13/01: Tax avoidance and the interpretation of sections BG 1 and GA 1 of the Income Tax Act 2007

Binding rulings

  • BR Prd 13/08: Bank of New Zealand

Legislation and determinations

  • General depreciation determination DEP85: Buildings with reinforced concrete framing (default class), buildings with steel or steel and timber framing (default class), buildings with timber framing (default class)
  • Determination DEP83: Depreciation rates for machinery used for grading, sorting and packing produce

Questions we’ve been asked

  • QB 13/03: Goods and services tax – whether a compulsory acquisition of land is a “supply by way of sale”

Legal decisions – case notes

  • Interlocutory appeal in advance of substantive hearing
  • Taxpayer found to have honestly relied on Inland Revenue forms
  • Collateral attack on Supreme Court judgments