TIB - Volume 17 - February 2005

Tax Information Bulletin Vol 17 No 01 - February 2005

Items of interest include:

Interpretation statements

Work of a minor nature

Legislation and determinations

Provisional depreciation determination PROV12
Livestock values - 2005 national standard costs for specified livestock

Standard practice statements

Late filing penalty SPS 05/01

Legal decisions - case notes

Depreciation of right to use trademarks
The Trustees in the CB Simkin Trust and the Trustees in the NC Simkin Trust v CIR of New Zealand
Struck-off company has no status; objection rights can not be assigned
TRA 046/01, TRA Dec 001/2005
No appeal from interlocutory rulings
TRA 33/00, TRA 002/2005
Church superannuation scheme not charitable
Jarod Peter Hester & Ors v CIR, CA 6/04
Time limit for taxpayer to issue NOPA begins on filing return
TRA Decision No 31/2004
CIR wins New Zealand's largest tax avoidance case in High Court
Accent Management Ltd, Ben Nevis Forestry Ventures Ltd, Bristol Forestry Ventures Ltd, Clive Bradbury, Greenmass Ltd, Gregory Peebles, Kenneth Laird Estate, Lexington Resources Ltd, and Redcliffe Forestry Ventures Ltd v CIR

New legislation

Taxation (Venture Capital and Miscellaneous Provisions) Act 2004
Taxation (Annual Rates of Income Tax Act 2004-05) Act 2004
Legislative drafting issues
Orders in Council

Regular Features

Due dates reminder
Your chance to comment on draft taxation items before they are finalised.

Note:

Due to the large size of the TIB for February 2005 we have split it into three PDF's.
Part 1: is the contents list page
Part 2: is the main February 2005 TIB bulletin
Part 3: is the New legislation