1. This is a notice of a public ruling made under section 91D of the Tax Administration Act 1994.
2. Public ruling BR Pub 07/04 entitled “Interest deductibility—funds borrowed by a partnership to
return capital contributions” was issued on 22 May
2007. BR Pub 07/04 applies for a period beginning on
22 May 2007 and ending on 22 May 2010. It will appear in Inland Revenue’s Tax Information Bulletin, Vol. 19, No. 6 of July 2007.
3. A copy of the ruling may be obtained by writing to the Team Manager (Technical Services), Office of the Chief Tax Counsel, National Office, Inland Revenue, PO Box 2198, Wellington.
GARY DICK, Team Manager (Technical Services), Office of the Chief Tax Counsel.