IS 24/09 Income tax – Overdrawn shareholder loan account balances
IS 24/09 FS 1 Income tax – Overdrawn shareholder loan account balances fact sheet
Vol 36 No 10 TIB - November 2024
New legislation
- SL 2024/172 Tax Administration (Direct Credit of FamilyBoost Tax Credit) Order 2024
Interpretation statement
- IS 24/08: Charities – Business income exemption
Technical decision summary
- TDS 24/18: Restructuring a group of companies
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TDS 24/19 Income tax and GST deductions
TDS 24/18 Restructuring a group of companies
The establishment of a limited partnership to hold the shares in a holding company. The long-form amalgamation of the holding company and one of its subsidiaries under Part 13 of the Companies Act 1993, with the subsidiary remaining as the amalgamated company. The distribution by the holding company of cash and shares in subsidiary companies on amalgamation as consideration for the cancellation of its shares.
Volume 36 No 9 TIB - October 2024
New legislation
- LI 2024/189 Tax Administration (GST Adjustment Rules) Modification Order 2024
Rulings
- BR Prd 24/02 and BR Prd 24/03: WorkRide Limited
Interpretation statement
- IS 24/07: Deductions for parties to employee share schemes
Commissioner’s statement
- CS 24/02: Withholding obligations arising in relation to transfer pricing arrangements
Question we’ve been asked
- QB 24/5: Do supplies of standing timber and other unsevered crops wholly or partly consist of land for the compulsory zero-rating rules?
Technical decision summary
- TDS 24/17: Deductibility of bonus payments
Case summary
- CSUM 24/06: High Court issues a 28-day temporary halt of Commissioner’s bankruptcy proceedings pending payment of sum
IS 24/08 Charities – Business income exemption
This interpretation statement considers what income is from a business and the extent to which business income a charitable entity derives is exempt from tax under s CW 42.
IS 24/08 FS 1 Income tax – Charities – Business income exemption - fact sheet
Volume 36 No 8 TIB - September 2024
New legislation
- SL 2024/154– Order in Council Double Tax Agreements (Slovak Republic) Order 2024
- SL 2024/153 – Order in Council Double Taxation Relief (Austria) Amendment Order 2024
Legislation and determinations
- DET 24/03: Determination under section RD 11(3) of the Income Tax Act 2007 of the amount of tax for a payment of a main benefit
Interpretation statements
- IS 24/05: Employer obligations for employee share scheme benefits paid in cash
- IS 24/06: PAYE – How an employer funds the tax cost on an employee share scheme benefit
Commissioner’s statement
- CS 24/01: Determining the “market value” of shares that an employee receives under an employee share scheme
Standard practice statements
- SPS 24/01: Requests to change a balance date
- SPS 24/02: Extension of time applications from customers without tax agents
Technical decision summaries
- TDS 24/15: GST – payment for participation in religious practice
- TDS 24/16: Look-through company election
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Public guidance customer survey 2024
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PUB00453: Income tax and FBT - deducting costs of travel by motor vehicle between home and work
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