TIB - September 2014

Binding rulings

Product rulings: BR Prd 14/08: Body Corporate 358851

Standard practice statements: SPS 14/01: Tax payments – when received in time

Legislation and determinations

• Special Determination S27: Convertible Notes in respect of a limited partnership interest
• Special Determination S28: Application of the financial arrangements rules to the D&C Phase in a public-private partnership
• Special Determination S29: Application of the financial arrangements rules to a public-private partnership
• General Depreciation Determination DEP89: Bench-top pizza ovens and microwave ovens (commercial)

Questions we’ve been asked

• QB 14/07: Tax Administration Act 1994 – proscribed questions
• QB 14/08: Income tax – costs of demolishing an existing building on a building site

Legal decisions – case notes

• Sufficient connection – section DA 1 of the Income Tax Act 2004
• Nexus – section DA 1 of the Income Tax Act 2004
• Duplicative claims struck out, security for costs ordered
• Income – onus on disputant
• No invoice where contract conditional
• Privilege for in-house legal advice not waived
• Application by Trinity investors to strike out or stay Commissioner’s liquidation proceedings
• Claims struck out for being filed out of time