12 DECEMBER NEW ZEALAND GAZETTE 4731

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 96/37 was issued on 2 December 1996. It relates to the demutualisation process and the application of section BB 4 (a), (c), and (d) of the Income Tax Act 1994.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08095

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 96/41 was issued on 4 December 1996. It relates to the assessability of lump sum payments to agents and the application of sections BB 4 (a), BB 4 (d), and CE 1 (1) (c) of the Income Tax Act 1994.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08099

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 96/38 was issued on 2 December 1996. It relates to the issue of shares and options and whether this constitutes a “claim” as defined in section OB 1 of the Income Tax Act 1994.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08096

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 96/42 was issued on 4 December 1996. It relates to the assessability of lump sum payments to agents and the application of sections CD 3, CD 5, and CE 1 (1) (c) of the Income Tax Act 1994 as amended by the Taxation (Core Provisions) Act 1996.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08100

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 96/39 was issued on 2 December 1996. It relates to the issue of shares and options and whether this is a dividend under section CF 1 of the Income Tax Act 1994.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08097

Notice of Product Ruling

1. This is a notice of a product ruling made under section 91F of the Tax Administration Act 1994.

2. Product ruling No. 96/40 was issued on 5 December 1996. It relates to a distribution of shares and the application of sections EH 1, EH 4, HH 3 (5) and the definition of “beneficiary income” in section OB 1 of the Income Tax Act 1994. It will appear in Inland Revenue’s Tax Information Bulletin, Vol. 8, No. 10 of December 1996.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08098

Notice of Public Ruling

1. This is a notice of a public ruling made under section 91D of the Tax Administration Act 1994.

2. Public ruling No. 95/10A entitled “Financial planning fees: income tax deductibility” will appear in Inland Revenue’s Tax Information Bulletin, Vol. 8, No. 10 of December 1996. It is essentially the same as public ruling No. 95/10, but takes into account the effects of the Taxation (Core Provisions) Act 1996 which amend the Income Tax Act 1994 from the 1997–98 income year.

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).

g08101

Notice of Public Ruling

1. This is a notice of a public ruling made under section 91D of the Tax Administration Act 1994.

2. Public ruling No. 96/4A entitled “Debt forgiveness in consideration of natural love and affection” will appear in Inland Revenue’s Tax Information Bulletin, Vol. 8, No. 10 of December 1996. It is essentially the same as public ruling No. 96/4, but takes into account the effects of the Taxation (Core Provisions) Act 1996 which amend the Income Tax Act 1994 from the 1997–98 income year.\n

3. A copy of the ruling may be obtained by writing to the Assistant General Manager (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.

JEFFREY TYLER, Assistant General Manager (Adjudication & Rulings).