✨ Tax and Marriage Notices
1 DECEMBER 2005
NEW ZEALAND GAZETTE, No. 202
5123
The boarding service provider’s income tax liability is calculated as follows:
| Income ($240.00 x 52) | $12,480.00 |
|---|---|
| Less: Weekly standard-cost | |
| ($200.00 x 52) | $10,400.00 |
| $2,080.00 | |
| Less: Annual capital standard-cost | |
| [($150,000.00 x 5%) – 0] x 33% x 52/52 | $2,475.00 |
| ($395.00) | |
| Income to be returned | Nil |
Note: The apparent tax loss based on this calculation is not deductible against
other income of the taxpayer or carried forward to future years.
Example C6
Rosanne purchased a home for $400,000.00 and had two groups of four students boarding with her between January to June
(23 weeks), and July to December (23 weeks). Each boarder was charged $280.00 weekly during their stay.
The boarding service provider’s income tax liability is calculated as follows:
| Income ($280.00 x 23 x 4 x 2) | $51,520.00 |
|---|---|
| Less: Weekly standard-cost | |
| ($200.00 x 23 x 2 x 2) = $18,400 | |
| ($162.00 x 23 x 2 x 2) = $14,904 | |
| $33,304.00 | |
| $18,216.00 | |
| Less: Annual capital standard-cost | |
| [($400,000.00 x 5%) – 0] x 80% x 46/52 | $14,154.00 |
| Income to be returned | $4,062.00 |
Note: If Rosanne’s tax to pay is $2,500.00 or more, she will also have to pay
provisional tax for the following year.
Example C7
A not-for-profit organisation purchases a motel and employs a manager to provide care for 40 students, occupying the motel
units as boarders. The manager lives on site and arranges for meals to be delivered to the students in his care. The use of
the motel to provide boarding services for the students has been approved by the local council as a residential institution.
The manager enquires whether the determination can be applied to the above situation.
The determination is not available to the boarding service provider, for the reasons below:
- The not-for-profit organisation is not a natural person.
- The residential establishment does not fit within the scope of a domestic dwelling.
The activity run by the not-for-profit organisation will likely be viewed by Inland Revenue as a commercial boarding house.
All payments should be returned as income and allowable expenditure claimed, with sufficient records to support the tax
position. If total payments received for the boarding services exceed $40,000.00 for any 12-month period, the service provider
will also be required to register for G.S.T. purposes.
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Notice of Determination DET 05/02
-
This is a notice of a determination made under section
91AAN of the Tax Administration Act 1994. -
Determination DET 05/02 Amortisation rates for landfill
cell construction expenditure, as determined by the
Commissioner of Inland Revenue, was issued on
15 November 2005. It sets out the amortisation rates
for landfill cell construction expenditure and the types of
landfill cell construction expenditure to which the
determination applies. The determination will appear in
Inland Revenue’s Tax Information Bulletin, Vol. 17,
No. 10 (December 2005). -
A copy of the determination may be obtained by writing
to TLS Webmaster, Technical Standards TLSG, National
Office, Inland Revenue, P.O. Box 2198, Wellington.
Email: tls.webmaster@ird.govt.nz
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Internal Affairs
- The organisations specified in the Schedule hereto are
hereby declared to be approved organisations for the
purpose of the Marriage Act 1955.
Marriage Act 1955
Schedule
Marriage (Approval of Organisations) Notice No. 23
Pursuant to the Marriage Act 1955, the Registrar-General
of Marriages hereby gives notice as follows.
Notice
- This notice may be cited as the Marriage (Approval of
Organisations) Notice No. 23.
Living Word Fellowship of New Zealand.
Open Tent Ministries NZ.
Dated at Wellington this 1st day of December 2005.
B. E. CLARKE, Registrar-General.
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2005, No 202
Gazette.govt.nz —
NZ Gazette 2005, No 202
✨ LLM interpretation of page content
💰
Examples of the Application of Weekly Standard-cost for Boarding Service Providers
(continued from previous page)
💰 Finance & RevenueBoarding Services, Standard-cost, Tax Exemption, Accommodation Supplement
💰 Notice of Determination DET 05/02
💰 Finance & RevenueTax Administration, Amortisation Rates, Landfill Cell Construction
⚖️ Approval of Organisations for Marriage Act 1955
⚖️ Justice & Law Enforcement1 December 2005
Marriage Act, Approved Organisations, Living Word Fellowship, Open Tent Ministries
- B. E. Clarke, Registrar-General