Make a payment
Technical tax area Ngā tūmomo whakataunga me ngā aratohu

Download interpretation guidelines and interpretation statements 2012

  • Interpretation guidelines discuss the Commissioner's approach to the interpretation of a general area of law where there are also taxation implications. For example, IG009: Employee or independent contractor? assists taxpayers to determine their employment status for tax purposes.
     
  • Interpretation statements set out the Commissioner's view of the taxation laws in relation to a particular set of circumstances in cases when a binding public ruling cannot be issued or is considered to be inappropriate.

The table below lists interpretation guidelines and interpretation statements issued 2012 alphabetically by title.


IS 12/03 - Income tax - deductibility of repairs and maintenance expenditure - general principles

This interpretation statement considers the deductibility of costs incurred by a taxpayer to repair or maintain their property. It replaces and updates the Commissioner's earlier general statement on repairs and maintenance expenditure published in Tax Information Bulletin Vol 5, No 9 (February 1994).

Provide feedback on this item

Date of issue: 29 June 2012

IS 12/03 - PDF format (973kb | 55 pages)

IS 12/02 - Income tax - whether income deemed to arise under tax law, but not trust law, can give rise to beneficiary income

This Interpretation Statement sets out the Commissioner's view on whether income deemed to arise under tax law, but not trust law, can give rise to beneficiary income under section HC 6 of the Income Tax Act 2007. The Commissioner's view is that, in some circumstances, deemed income can give rise to beneficiary income under section HC 6.

Provide feedback on this item

Date of issue: 29 June 2012

IS 12/02 - PDF format (152kb | 28 pages)

IS 12/01  - Income tax: timing of share transfers for the purposes of the continuity provisions

This interpretation statement sets out the Commissioner’s view on who 'holds' shares in a company and at what point during a sale of shares is there a change in who 'holds' the shares. The Commissioner’s view of these matters is in regard of s YC 2 and the 'continuity provisions' of the Income Tax Act 2007. The continuity provisions provide the rules for the carry forward and offsetting of losses, excess tax credits and credits in memoranda accounts based on shareholder-decision making rights carried by shares “held” by a person.

Provide feedback on this item

Date of issue: 20 June 2012

IS 12/01 - PDF format (247kb | 41 pages)

IG 12/01 - Goods and services tax; income tax - 'sham'

This interpretation guideline contains the Commissioner’s view on the law on sham. The essential characteristic of a sham is pretence. A sham exists where the parties intend the transaction documents to mislead third-parties as to the true nature of the relationship between the parties. The guideline sets out the meaning of sham, when sham can be alleged, how the courts determine whether this is a sham, and the consequences of a finding of sham.

Provide feedback on this item

Date of issue: 14 June 2012

IG 12/01 - PDF format (116kb | 23 pages)
Green outline box with round corners.
Other interpretation guidelines and statements by year:

2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003-1998 | 

Green outline box with round corners.