TIB - March 2025

New legislation

• SL 2024/254: Taxation (Use of Money Interest Rates) Amendment Regulations 2024

Determinations

• FDR 2025/01: Determination under section 91AAO of the Tax Administration Act 1994 that investors in JPM Aggregate Bond-NZD Hedged Dividend Class X Shares may not use the fair dividend rate method to calculate FIF income 
• FDR 2025/02: Determination the fair dividend rate method may not be used to calculate FIF income by investors in the iShares Core Global Aggregate Bond UCITS ETF–NZD hedged (Accumulating) share class

Interpretation statement

• IS 25/03: Income tax – identifying the relevant item of property for depreciation purposes

Case summary

• CSUM 25/04: Commissioner of Inland Revenue v Kaur

Technical decision summary

• TDS 25/01: Sale of leasehold interests in residential and commercial units