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Inland Revenue

Tax Policy

PUBLISHED 14 August 2013

Special reports

The recently enacted Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act introduced new tax rules for lease inducement and lease surrender payments, and for the tax treatment of certain assets that are used both to earn income and used privately (also known as mixed-use assets).

The two special reports on these items are intended to help affected taxpayers and their advisors understand the consequences of the changes, in advance of full coverage of the new legislation in the October edition of the Tax Information Bulletin. For more information see the special reports Lease inducement and lease surrender payments and Mixed-use assets.