Vol 26 No 8
Issued
01 Sep 2014

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