TIB - November 1993

Policy Statements

• ACC earner and employer premiums
• Tax avoidance - shares sold to holding company to finance house purchase
• Frequent flyers' schemes - tax treatment
• Legal requirements in cases of fraudulent actions

Tax legislation and determinations

• Income Tax (Deemed Rate of Return) Regulations 1993
• Depreciation rate for professional loggers' chainsaws

Questions we've been asked

• Income Tax Act 1976 
• Goods and Services Tax Act 1985 
• Corrections to earlier items 

Legal Decisions - Case Notes

• TRA 92/162: Availability of export incentives and sale of a yacht
• Costello and Costello v CIR: Profits from subdivision of land
• TRA 91/75: Loss on redemption of preference shares
• HC No. AP 61/93: Land tax liability of a charity