1. This is a notice of a public ruling made under section 91D of the Tax Administration Act 1994.
2. Public ruling BR Pub 06/02 entitled “Section GD 10 – Income Tax Act 2004 – Rent deemed to be payable by the lessee” was issued on 28 April 2006. This ruling is essentially the same as BR Pub 01/03 which applied from 10 April 2001 to 31 January 2006. BR Pub 06/02 will apply for an indefinite period to leases entered into on or following 1 February 2006. It will appear in Inland Revenue’s Tax Information Bulletin, Vol. 18, No. 5 of June 2006.
3. A copy of the ruling may be obtained by writing to the Manager, Field Liaison & Communication (Adjudication & Rulings), National Office, Inland Revenue, P.O. Box 2198, Wellington.
MARGARET C. SMITH, Manager, Field Liaison
& Communication (Adjudication & Rulings).