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Vol 7 No 9
Issued
01 Feb 1996

TIB - February 1996

Income tax rates for 1995-96

Flat-owning companies

Trust selling domestic dwelling

Low-interest loans - taxable benefit for dividend purposes

Statutory producer boards and co-operative companies - basis for making tax-free distributions, and notification requirements

Employee share purchases - reassessments

Superannuation contributions that are not subject to SSCWT

Life insurance: value of actuarial reserves on transfer of business

Life insurance: policyholder base losses on transfer of business

Demutualisation: continuity of losses and tax credits

Life insurance: policyholder credit account balance and transfer of business

Unit trusts and group investment funds - tax treatment

Inflation-indexed bonds

Property transactions and the accrual rules

Amalgamations and land sales - transfer of land held on capital account

Amalgamations and land sales - application of ten year rule

Qualifying companies - shareholder deductions

Government Superannuation Fund - Consequential Amendment

Charitable organisations - addition

Guaranteed minimum family income

Overpaid tax applied to other tax liabilities - implications for imputation, consolidation and DWP rules

Qualifying companies and further income tax

Aligning BETA provisions - consolidated groups

NRWT integration into FIRST computer system

Depreciation review

Income tax - associated persons

Livestock adverse event income equalisation scheme - calculation of maximum deposit

Definition amendments - shares of the same class

Qualifying companies - trustee shareholders

Provisional tax: consistent treatment of provisional taxpayers

Provisional tax: treatment of natural person trustees

Provisional tax: remission provisions

Provisional tax- reference corrections

International tax rules - excluded countries

Western Samoa tax credits now claimable in NZ

GST - double dipping

GST - associated persons

GST - input tax credits for dwellings

GST - zero-rating of going concerns

GST returns - electronic filing

Stamp and Cheque Duties Act- minor remedial amendments

Totalisator duty on betting profits - calculation

Racing - minor consequential amendments