The table below lists interpretation guidelines and interpretation statements issued in 2015 alphabetically by title.
This Interpretation Statement updates IS 10/08 "Retirement villages - GST treatment" to reflect legislative changes made since 2010 to the Goods and Service Tax Act 1985. The analysis has been updated to reflect the new definitions of "dwelling" and "commercial dwelling", the new apportionment rules (which replaced the principal purpose test and related provisions) and the zero-rating of land rules, as they relate to retirement villages.Date of issue: 16 October 2015
This interpretation statement sets out the Commissioner’s view of how the exemption in s CW 36 of the Income Tax Act 2007 should be interpreted and applied. Section CW 36 exempts some scholarships and bursaries from income tax. This interpretation statement updates and replaces “Exempting a scholarship from income tax”, Tax Information Bulletin Vol 5, No 6 (November 1993): 7.Date of issue: 28 August 2015