New Zealand Gazette – 1996 – No. 131

Page 3230

✨ Taxation Determination



3230 NEW ZEALAND GAZETTE No. 131

value as at 15 March 1989 (the “specified date”) as follows—

R = 8.0 percent (the specified rate)
N = 2 (since the payments are at half yearly intervals)
F = R
100×N
= 0.04

(a) At 15 March 1989:
A = 0
B = $1,260,000
C = 0

Therefore present value at 15 March 1989
= A + B - C
1 + F
= US$1,211,538

(b) To this total must be added US$140,000 deposit, giving
a total present value of US$1,351,538, which is the item
“w” used in calculating the core acquisition price.

Determination signed at the 16th day of September 1996.

ROBIN OLIVER, General Manager, Policy Advice Division.

6269

PUBLISHED BY AUTHORITY OF DEPARTMENT OF INTERNAL AFFAIRS
GP PRINT LIMITED, WELLINGTON, NEW ZEALAND—1996
DEPARTMENT OF INTERNAL AFFAIRS
TE TARI TAWHIKIRI
ISSN 0111-5650 Price $2.30 (inc. G.S.T.)
74883—96A


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✨ LLM interpretation of page content

💰 Determination G21A: Agreements for Sale and Purchase of Property Denominated in Foreign Currency: Discounted Value of Amounts Payable (continued from previous page)

💰 Finance & Revenue
16 September 1996
Taxation, Foreign Currency, Property Transactions, Financial Arrangements, Accrual Rules, Exchange Rates, Core Acquisition Price, Interest Rates
  • ROBIN OLIVER, General Manager, Policy Advice Division