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Consultation on draft items

We focus on producing items that accurately and fairly reflect taxation legislation, and are useful in practical situations. Your input into the process is highly valued.

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Currently consulting on

Let us know what you think about our drafts. Are they technically accurate? Do they fairly reflect taxation legislation? Are they in line with commercial reality and useful in practical situations?

Draft Standard Practice Statement ED0196 : Income equalisation deposits and refunds

This draft Standard Practice Statement sets out the Commissioner’s practice in regard to the statutory powers to accept income equalisation deposits for a tax year outside the specified period, and to accept refund applications for a tax year outside the specified period.

Comment deadline: 14 July 2017

ED0196 - PDF format (278kb | 16 pages)

PUB00261: Income tax – taxation of trusts

This draft Interpretation Statement summarises the tax law as it applies to trusts. When finalised it will replace the Commissioner’s original statement on the trust rules in the “Explanation of Taxation of Trusts” in the Appendix to Tax Information Bulletin Vol 1, No 5 (November 1989). Due to the length of the Statement the consultation period has been extended to eight weeks.

Comment deadline: 27 June 2017

PUB00261 - PDF format (894kb | 115 pages)

Draft General Determination ED0195 : Depreciation rate for potato cool stores

The Commissioner has been asked to consider what depreciation rate should apply for potato cool stores. Potato cool stores are specialist buildings in which potatoes are stored in a temperature and humidity controlled atmosphere. They are usually constructed of zinc coated galvanised steel (corrugated iron) and are fitted with refrigeration reticulation machinery, air transfer systems and associated electronic componentry. The Commissioner accepts that these specialised buildings are exposed to a humid, corrosive environment that impacts the life of the building’s construction material.

Comment deadline: 23 June 2017

ED0195 - PDF format (26kb | 2 pages)

PUB00255: Goods and services tax – compulsory zero-rating of land rules (general application)

This draft interpretation statement provides a general overview of the compulsory zero-rating of land (CZR) rules, including practical examples of how the CZR rules work. The statement’s focus is on helping vendors and purchasers get it right from the start, before a land transaction settles. While the draft interpretation statement resolves some interpretative issues that have arisen since the CZR rules were introduced in 2011, it may not answer everyone’s questions about the CZR rules. The Public Rulings Unit expects it will need to prepare further items to address specific interpretative issues with the CZR rules. Your suggestions for CZR topics for inclusion in further public items are welcomed.

Comment deadline: 23 June 2017

PUB00255 - PDF format (425kb | 28 pages)

Providing feedback on draft items

You can email your comments to us at  This email address is only for providing feedback on public drafts.

For all other feedback, please use our Comments and feedback form

If you wish to post us your comments, send them to:

Team Manager, Technical Services
Office of the Chief Tax Counsel
National Office
Inland Revenue Department
PO Box 2198

Related links

Expired draft items 
Public consultation process 
Public Rulings work programme



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