Description: The Arrangement is where a company subdivides all of its shares

Description: The Arrangement is where a shareholder holds shares in a company and those shares were acquired for the purpose of disposal.

Description: This commentary is not a legally binding statement. The commentary is intended to help readers understand and apply the conclusions reached in Public Rulings BR Pub 16/05 and BR Pub 16/06 (the Rulings).

Description: This note does not form part of the national average market values of specified livestock determination 2016 ('the determination') but are produced to aid taxpayers and their agents in their understanding of how the values contained in this determination are arrived at and how they should be used.

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Description: Following the release of the report Addressing Base Erosion and Profit Shifting in February 2013, OECD and G20 countries adopted a 15-point Action Plan to address Base Erosion and Profit Shifting (BEPS) activities. As a member of the OECD, New Zealand is involved in this process.

Description: Operational Statement 09/01 ('OS') published in the Tax Information Bulletin Volume 21, Number 3 (May 2009) provides the Commissioner's statement of a mileage rate for expenditure incurred for the business use of a motor vehicle (OS 09/01 can be viewed at the Inland Revenue website www.ird.govt.nz/technical-tax/op-statements/). This OS provides that the Commissioner will review mileage rate on a yearly basis.

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Description: Tale Holdings Limited ('Tale') entered into an arrangement to purchase a property development ('Delta') from Te Anau Lakeside Estates Limited ("Te Anau") facing liquidation action. Under the arrangement the purchase price was set according to the amount owed under Te Anau's mortgage. Tale took the property subject to the mortgage and paid no money to Te Anau. Tale claimed a goods and services tax ('GST') input tax deduction for the tax fraction of the purchase price and Te Anau did not pay any GST output tax