✨ Financial Determination and Civil Union Celebrants
27 JANUARY 2011 NEW ZEALAND GAZETTE, No. 7 151
6. Method
The profit emerging method is illustrated in the following formula:
AI = AC — (PC x OF)
TECC
AI = assessable income of an ABD for an income year
AC = actual cash collected from the ABD during the income year
PC = purchase costs of ABD
OF = original forecast cash to be collected during the income year
TECC = total expected cash to be collected over five years, forecast at date of purchase
Once the cost of the ABD is fully amortised, cash collected after the five-year period will be treated as derived in the income year in which it is received.
7. Example
This example illustrates the application of the method (set out in this determination) for determining the income and expenditure attributable to an ABD in each income year.
This example proceeds on the following parameters:
| Purchase date | 1 July 2006 |
|---|---|
| ABD purchase cost (PC) | 1,000,000 |
| Forecast cash collection (OF) | |
| Year 1 | 1,068,000 |
| Year 2 | 582,000 |
| Year 3 | 274,000 |
| Year 4 | 58,000 |
| Year 5 | 18,000 |
| Total expected cash collected over five years (TECC) | 2,000,000 |
| Actual cash collection (AC) | |
| Year 1 | 1,106,000 |
| Year 2 | 600,000 |
| Year 3 | 293,000 |
| Year 4 | 88,000 |
| Year 5 | 20,800 |
| Year 6 | 6,800 |
| Year 7 | 500 |
Taxable income
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | Total | |
|---|---|---|---|---|---|---|---|---|
| Original forecast cash (OF) | 1,068,000 | 582,000 | 274,000 | 58,000 | 18,000 | 0 | 0 | 2,000,000 |
| Actual cash (AC) | 1,106,000 | 600,000 | 293,000 | 88,000 | 20,800 | 6,800 | 500 | 2,115,100 |
| Less (PC x OF/TECC) | 534,000 | 291,000 | 137,000 | 29,000 | 9,000 | 0 | 0 | 1,000,000 |
| Equals assessable income (AI) | 572,000 | 309,000 | 156,000 | 59,000 | 11,800 | 6,800 | 500 | 1,115,100 |
This determination is signed by me on the 17th day of December 2010.
HOWARD DAVIS, Director (Taxpayer Rulings).
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Internal Affairs
Civil Union Act 2004
Civil Union Celebrants for 2011 Notice No. 3
Pursuant to the provisions of sections 26 and 27 of the Civil Union Act 2004, the following persons have been appointed as civil union celebrants for the period 13 January 2011 to 31 January 2011:
Marbrook, Annaliese, 2/118 Vauxhall Road, Narrow Neck, Auckland.
Dated at Wellington this 27th day of January 2011.
B. E. CLARKE, Registrar-General.
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Marriage Act 1955
Marriage (Approval of Organisations) Notice No. 3
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. 3.
-
The organisations specified in the Schedule hereto are hereby declared to be approved organisations for the purpose of the Marriage Act 1955.
Schedule
Evangelical Formosan Church of North Shore.
The Freedom Fellowship Charitable Trust.
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NZ Gazette 2011, No 7
✨ LLM interpretation of page content
💰
Special Determination S17: Utilisation of a Profit Emerging Basis for Purchased Debt Ledgers by a Certain New Zealand Company Limited
(continued from previous page)
💰 Finance & Revenue17 December 2010
Tax, Determination, Profit Emerging Basis, Debt Ledgers, New Zealand Company Limited
- HOWARD DAVIS, Director (Taxpayer Rulings)
🏛️ Appointment of Civil Union Celebrants for 2011
🏛️ Governance & Central Administration27 January 2011
Civil Union, Celebrants, Appointment, Auckland
- Annaliese Marbrook, Appointed civil union celebrant
- B. E. CLARKE, Registrar-General
🏛️ Approval of Organisations for Marriage Act 1955
🏛️ Governance & Central AdministrationMarriage, Approval, Organisations, Evangelical Formosan Church, Freedom Fellowship Charitable Trust
- B. E. CLARKE, Registrar-General