Description: This Ruling applies in respect of s DB 6. Specifically, this Ruling applies the replacement and repayment principle in FC of T v Roberts; FC of T v Smith 92 ATC 4,380 (the Roberts and Smith principle).

Description: This Ruling applies in respect of s DB 6. Specifically, this Ruling applies the replacement and repayment principle in FC of T v Roberts; FC of T v Smith 92 ATC 4,380 (the Roberts and Smith principle)

Description: This Ruling applies in respect of s DB 6. Specifically, this Ruling applies the replacement and repayment principle in FC of T v Roberts; FC of T v Smith 92 ATC 4,380 (the Roberts and Smith principle).

Description: This Ruling applies in respect of s DB 6. Specifically, this Ruling applies the replacement and repayment principle in FC of T v Roberts; FC of T v Smith 92 ATC 4,380 (the Roberts and Smith principle).

Description: This Ruling applies in respect of s DB 6. Specifically, this Ruling applies the replacement and repayment principle in FC of T v Roberts; FC of T v Smith 92 ATC 4,380 (the Roberts and Smith principle).

Description: The Arrangement is the borrowing of funds by a company to make a payment under s IC 5 (Company B using Company A's tax loss) to another company that has a net loss. Interest is incurred on the borrowed funds and the company is unable to claim a deduction under s DB 7 (Interest: most companies need no nexus with income).

Description: The Privacy (Information Sharing Agreement Between Inland Revenue and New Zealand Police) Amendment Order 2015 amends an existing information sharing agreement between Inland Revenue and the New Zealand Police. Under the agreement, Inland Revenue can share personal information with the New Zealand Police for the prevention, detection, investigation of, or to use as evidence of, a serious crime

Description: The new legislation allows eligible KiwiSaver members to withdraw their member tax credits when purchasing a new home, and corrects errors in the tax, social policy and KiwiSaver treatment of income replacement payments paid under the Veterans' Support Act 2014

Description: The principal measure allows eligible KiwiSaver members who are withdrawing their funds to purchase their first home to withdraw their member tax credits as well.

Description: The KiwiSaver Act 2006 has been amended so a KiwiSaver first home withdrawal amount can be used to make payments before the purchase agreement on a new home goes unconditional (to pay a deposit, for example).

Description: The first home withdrawal rules were previously silent on where a house could be bought. The only New Zealand based restriction was a requirement that a member's funds were paid to a practitioner who holds a New Zealand practising certificate. The new rules make it clear that the withdrawal can only be made for the purchase of an estate in land located in New Zealand.

Description: Changes have been made to make it clear that a first home withdrawal under the KiwiSaver member rules is available to purchase or build a home on Maori land.

Description: The previous first home withdrawal rules included an eligibility period of at least three years in one or more KiwiSaver schemes. The rules have been extended to recognise previous membership in any complying superannuation fund of three years or more as counting towards the three years eligibility period for a first home withdrawal.

Description: New rules that apply to trans-Tasman portability of savings make it clear that they apply only to the ability to withdraw funds upon permanent emigration and are not an exception to the other KiwiSaver early withdrawal provisions.

Description: The Taxation (KiwiSaver HomeStart and Remedial Matters) Act 2015 made changes to the KiwiSaver Act 2006 on 1 April 2015. Section 239 ensures that KiwiSaver providers are not at risk of being in breach of securities law for documents that had already been issued or issued before 1 June 2015.

Description: The new Act introduces amendments to the Income Tax Act 2007 and the KiwiSaver Act 2006 that correct the tax, social policy and KiwiSaver treatment of income replacement payments paid under the Veterans' Support Act 2014. The corrections ensure the payments are treated the same as ACC earnings-related 'weekly compensation' payments for tax, social policy and KiwiSaver purposes.

Description: Amendments have been made to sections CF 1 and CW 28 of the Income Tax Act 2007 to ensure veteran income replacement payments are treated as taxable income.

Description: Amendments have been made to section RD 5 of the Income Tax Act 2007 to ensure veteran income replacement payments are subject to PAYE, and KiwiSaver deductions can be made from the payments.

Description: An amendment has been made to section MA 7 of the Income Tax Act 2007 to ensure the surviving spouse or partner of a deceased veteran can continue to claim the deceased veteran's full-time earner-related Working for Families tax credits.

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Description: This determination relates to a funding transaction involving the issue of Notes by Bank to Issuer. The Notes will contain a conversion mechanism, in order to allow them to be recognised as Additional Tier 1 capital for the purposes of the Reserve Bank of New Zealand (RBNZ) framework relating to the capital adequacy of banks.

Description: This determination may be cited as 'The National Average Market Values of Specified Livestock Determination, 2015'. This determination is made in terms of section EC 15 of the Income Tax Act 2007 and shall apply to specified livestock on hand at the end of the 2014-2015 income year

Description: This is a decision of the Taxation Review Authority ('TRA') declining the disputant's application for an extension of time for filing challenge proceedings in relation to default assessments made by the Commissioner of Inland Revenue ('the Commissioner').

Description: The High Court struck out John George Russell's ('Mr Russell') application for judicial review of the Commissioner of Inland Revenue's ('the Commissioner') decision declining his payment proposals

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