Public rulings: Public rulings 2008
Download public rulings for 2008
Inland Revenue issues public rulings to give an interpretation on how a tax law applies to taxpayers and arrangements. These rulings set out our view of specific types of arrangements. Taxpayers whose circumstances match those in a ruling may apply it, but are not obliged to do so.
If you calculate your tax liability according to an applicable public binding ruling, Inland Revenue must assess your tax according to that ruling. A public ruling applies only to the particular taxation law and arrangement set out in the ruling and only for a specified period. If there is any material difference between the facts in the ruling and a taxpayer's actual arrangement, the ruling does not apply.
Public rulings are issued by the Office of the Chief Tax Counsel. If you have any inquiries about public rulings, please contact Technical Services.
The list below has all the public rulings for the year you have selected.
Projects to reduce emissions programme - GST treatment
This ruling addresses the GST treatment of agreements entered into between the Crown and participants under the Projects to Reduce Emissions programme. Under such an agreement the participant agrees to implement and operate a project in order to reduce greenhouse gas emissions in return for the transfer of emission units. Emission units received may be sold by participants.
Ruling applies from: 1 January 2008 to 31 December 2013
Reissued as: Expires 31/12/13
BR Pub 08/04 - RTF format (804kb | 21 pages)
BR Pub 08/04 - PDF format (238kb | 21 pages)
Projects to reduce emissions programme - Income Tax treatment
This ruling addresses the Income Tax treatment of agreements entered into between the Crown and participants under the Projects to Reduce Emissions programme. Under such an agreement the participant agrees to implement and operate a project in order to reduce greenhouse gas emissions in return for the transfer of emission units. Emission units received may be sold by participants.
Ruling applies from:
Reissued as: Expires 31/12/13
BR Pub 08/03 - RTF format (593kb | 28 pages)
BR Pub 08/03 - PDF format (286kb | 28 pages)
Maori Trust Boards: Declaration of trust for charitable purposes made under section 24B of the Maori Trust Boards Act 1955 - income tax consequences
Income derived from property held in a trust established by a Maori Trust Board for certain purposes is exempt (subject to usual charitable requirements). These purposes are not all charitable at general law.
Ruling applies from: the first day of the 2008/09 income year for an indefinite period.
Reissued as: Indefinite
BR Pub 08/02 - RTF format (162kb | 17 Pages)
BR Pub 08/02 - PDF format (199kb | 17 Pages)
GST - when the supply of leasehold land is an exempt supply
This ruling determines when the GST exemption provided under section 14(1)(ca) of the GST Act '85 applies in respect of ground leases when a portion of the land is used for accomodation in a dwelling erected on the land.
Ruling applies from: 1 February 2006 for an indefinite period
Reissued as: Indefinite
BR Pub 08/01 - RTF format (60kb | 7 pages)
BR Pub 08/01 - PDF format (132kb | 7 pages)
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Date published: 26 Jun 2008
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