This Commissioner’s statement sets out the Commissioner’s position and operational approach on the treatment of goods and services valued at $10,000 or less (excluding GST) that were acquired before GST registration and are used to make taxable supplies, on or following GST registration.

This interpretation statement considers whether court-awarded costs and disbursements and out-of-court settlement payments for costs and disbursements are subject to GST.

This statement does not consider the GST treatment of court awards and out-of-court settlement payments more generally (eg, payments of damages). For more information on awards and payments made other than for costs and disbursements, see IS 23/07: GST – Court awards and out-of-court settlements.

 

This item summarises a private ruling that considered an off-market share cancellation.

This question we’ve been asked (QWBA) explains how the FBT exclusion for benefits relating to health or safety applies.  This QWBA is relevant to employers who provide their employees with benefits as part of their duty to manage risks to health or safety in the workplace.  For the exclusion to apply, there must be a connection between the benefit and the employer’s duty to manage risks to health and safety under the Health and Safety at Work Act 2015.  This QWBA complements the General Article on the health and safety FBT exclusion (2018) by providing more detailed guidance.

This item summarises a private ruling about whether a share cancellation payment was in lieu of a dividend under s CD 22 or was a dividend under s CD 4, whether the share-for-share exchange limitation in s CD 43 applied, and whether s BG 1 applied to vary these outcomes.

This determination sets the deemed rate of return, used to calculate foreign investment fund income under the deemed rate of return calculation method, for the 2025-26 income year at 7.84%. The deemed rate of return set for the 2024-25 income year was 8.04%.

Determination DET 26/03 declares the Wellington severe weather event in April 2026 is an emergency event for the purposes of family scheme income.

Cryptoassets are cryptographically secured digital representations of value that can be transferred, stored or traded electronically.  They use some form of distributed ledger technology such as blockchain.  Cryptoassets may also be referred to as cryptocurrencies, digital tokens or virtual currencies.

This question we’ve been asked considers whether a member of an unincorporated body who is registered for GST can claim input tax deductions for expenditure incurred by the unincorporated body if the unincorporated body is not itself registered for GST. It also considers whether members can claim input tax deductions for contributions they make to the unincorporated body.