Tax Information Bulletin - Volume 22 Issue 11
Issued: December 2010

Binding rulings

Interest deductibility - Roberts and Smith - Borrowing to replace and repay amounts invested in an income earning activity or business

BR Pub 10/14 - 10/19 - RTF format (396kb | 40 pages)
BR Pub 10/14 - 10/19 - PDF format (172kb | 40 pages)

Deductibility of break fee paid by a landlord to exit early from a fixed interest rate loan on sale of rental property

BR Pub 10/20 - RTF format (134kb | 9 pages)
BR Pub 10/20 - PDF format (51kb | 9 pages)

Legal decisions - case notes

12 October 2010 - "Income splitting" case held by the High Court not to be tax avoidance
Philippa Catherine White v CIR

16 November 2010 - Commissioner's right to withhold refunds confirmed by Supreme Court
Contract Pacific Limited v Commissioner of Inland Revenue

Interpretation statements

Retirement villages - GST treatment

IS10/08 - RTF format (702kb | 49 pages)
IS10/08 - PDF format (242kb | 48 pages)

Legislation and determinations

Foreign currency amounts - conversion to New Zealand dollars (for six months ending 30 September 2010)

Standard practice statements

SPS 10/04 Disputes resolution process commenced by the Commissioner of Inland Revenue (November 2010)

SPS 10/05 - Disputes resolution process commenced by a taxpayer (November 2010)

Regular features

Public consultation

We produce a number of statements and rulings aimed at explaining how taxation law effects taxpayers and their agents.

Because we are keen to produce items that accurately and fairly reflect taxation legislation, and are useful in practical situations, your input into the process - as perhaps a "user" of that legislation - is highly valued.

Due dates reminders

Depending on your individual circumstances the due dates that apply to you may be different. We have a range of calendars available that will help you plan ahead to help you meet your obligations.

Date published: 09 Nov 2010

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