Any investment by a New Zealand resident investor in shares in The Colchester Global Green Bond Enhanced Currency Fund - NZD Hedged Accumulation Class Z Shares to which none of the exemptions in sections EX 29 to 43 of the Income Tax Act 2007 apply, is a type of attributing interest for which the investor may not use the fair dividend rate ("FDR") method to calculate foreign investment fund income for the interest.

Ruling

• BR PUB 24/01 – 24/03: GST – Supplies of properties used for transitional housing

Determinations

• NAMV 2024: National Average Market Values of Specified Livestock Determination 2024 
• 2024 Adjustment to the kilometre rates for the business use of vehicles 
• 2024 Adjustment to standard-cost amounts for household services (childcare, boarding services, or short-stay
  accommodation) 
• 2024 Adjustment to the Square Metre Rate amount 
• DET 24/02: GST on accommodation supplied through electronic marketplaces – opt-out agreement criteria 
• S64: Spreading method to be used for some electricity price contracts for difference

Operational statement

• OS 24/01: Exemption from electronic filing

Operational position

• OP 24/01: Commissioner’s operational position on the GST treatment of landlords supplying properties for use as
  transitional housing

Questions we’ve been asked

• QB 24/01: If a person has two or more homes, which home is their main home for the purpose of the main home exclusion to the bright-line test? 
• QB 24/02: Income tax – bright-line test – main home exclusion – renting to flatmates

Technical decision summaries

• TDS 24/09: Transfer of property and whether income arises 
• TDS 24/10: GST registration date 
• TDS 24/11: Permanent establishment 
• TDS 24/12: Compensation – capital or revenue nature

This fact sheet accompanies QB 24/04, which considers when a subdivision project is an activity carried on continuously or regularly in the definition of “taxable activity” for GST purposes.

This question we’ve been asked sets out when a subdivision project is an activity carried on continuously or regularly in the definition of “taxable activity” for GST purposes.  It also sets out when the sale of subdivided land is a supply made in the course or furtherance of a taxable activity.

 

An employee share scheme is an arrangement for issuing or transferring shares in a company to past, present and future employees. The arrangement must be connected to the person's employment or service. The employee share scheme definition includes transfers to directors or shareholder-employees in a company, the transfer of shares in a group company and transfers to associates. 

This interpretation statement considers the available subscribed capital, treasury stock and dividend implications of a trustee of an employee share scheme holding shares as nominee.

This question we’ve been asked explains whether the employee share loan exclusion from fringe benefit tax can apply when an associate of the employee enters into a loan to acquire shares in connection with the employee’s employment.

This determination sets a revised depreciation rate for metal (scrap) recovery plant and a change to the asset class description.

GST: commercial dwelling; residential establishment; domestic goods and services; input tax deduction; zero-rated for the sale of land

This fact sheet accompanies BR PUB 24/01 - 24/03, which consider the GST treatment of properties supplied by landlords to organisations for use in the Ministry of Housing and Urban Development’s (HUD’s) Transitional Housing programme.

Any landlords with specific queries about their situation can send a web message through their MyIR account using “transitional housing” in the subject line and this will flow through to IR staff familiar with the issues in this area.