A digital copy of a painting by Julia Holden. The painting is of the Inland Revenue building on the corner of Cashel Street and Madras Streets.
A photograph of an advertising image in the window of Sugar Hair and Beauty, on the ground floor of the Inland Revenue Building.
Rubble piled in front of the Inland Revenue building on Cashel Street.
A photograph of the site of a demolished building on Tuam Street which is being used as a car park. The Inland Revenue Department Building, the Grand Chancellor and the Holiday Inn can all be seen in the distance.
A photograph of an advertising image in the window of Sugar Hair and Beauty, on the ground floor of the Inland Revenue Building. There are search and rescue codes spray-painted on the window, and a pile of rubble on the footpath in front.
Looking west down Bedford Row from Madras Street. The Inland Revenue building is on the right.
A map and notes drawn on a window of the Inland Revenue building by rescuers involved in the CTV building rescue effort.
A map and notes drawn on a window of the Inland Revenue building by rescuers involved in the CTV building rescue effort.
Looking east down Cashel Street from the corner of Liverpool and Cashel Streets. The Pavilion and Inland Revenue buildings are on the right.
The old (or is that the new) Inland Revenue Department (IRD) building on the corner of Madras and Cashel Streets in central Christchurch. Built in 2006/07 on the site of the former Farmers department store (itself badly damaged by fire), it was just a few years old when the earthquake of February 2011 struck, and subsequent quakes (all through 2...
Corner of Cashel and Madras streets, with the relatively new (built 2007) Inland Revenue Building and the white chair memorial to the 185 lives lost as a result of the 22/02/11 earthquake. The chairs sit on the site of the now demolished St Pauls Pacific Chuch and is diagonally across the intersection from the CTV (Canterbury TV) building where ...
Topics - Twelve charges laid against the former Pike River Coal chief executive Peter Whittall in relation to the 2010 disaster at the mine have been dropped. In a shock development in the Christchurch District Court today, the Crown said that after an extensive review it was "not appropriate to continue with the prosecution against Mr Whittall''. More than half of the 2.15 million KiwiSaver members are either not contributing to the retirement scheme or not saving enough to collect the $521 annual tax credit from the Government, according to the Inland Revenue Department. The number of people with dire needs on Housing New Zealand's waiting list has tripled since the Christchurch earthquakes.
The Canterbury earthquakes of 2010 and 2011 have shone the spotlight on a number of tax issues. These issues, and in particular lessons learned from them, will be relevant for revenue authorities, policymakers and taxpayers alike in the broader context of natural disasters. Issues considered by this paper include the tax treatment of insurance monies. For example, building owners will receive pay-outs for destroyed assets and buildings which have been depreciated. Where the insurance payment is more than the adjusted tax value, there will be a taxable "gain on sale" (or depreciation recovery income). If the building owner uses those insurance proceeds to purchase a replacement asset, legislative amendments specifically enacted following the earthquakes provide that rollover relief of the depreciation recovery income is available. The tax treatment of expenditure to seismically strengthen a building is another significant issue faced by building owners. Case law has determined that this expenditure will usually be capital expenditure. In the past such costs could be capitalised to the building and depreciated accordingly. However, since the 2011-2012 income year owners have been prohibited from claiming depreciation on buildings and therefore currently no deduction is available for such strengthening expenditure (whether immediate or deferred). This has significant potential implications for landlords throughout New Zealand facing significant seismic retrofit costs. Incentives, or some form of financial support, whether delivered through the tax system or some other mechanism may be required. International Financial Reporting Standards (IFRS) require insurance proceeds, including reimbursement for expenditure of a capital nature, be reported as income while expenditure itself is not recorded as a current period expense. This has the effect of overstating current income and creating a larger variation between reported income for accounting and taxation purposes. Businesses have obligations to maintain certain business records for tax purposes. Reconstructing records destroyed by a natural disaster depends on how the information was originally stored. The earthquakes have demonstrated the benefits of ‘off-site’ (outside Canterbury) storage, in particular electronic storage. This paper considers these issues and the Inland Revenue Department (Inland Revenue) Standard Practice Statement which deals with inter alia retention of business records in electronic format and offshore record storage. Employer provided accommodation is treated as income to the benefitting employee. A recent amendment to the Income Tax Act 2007 retrospectively provides that certain employer provided accommodation is exempt from tax. The time aspect of these rules is extended where the employee is involved in the Canterbury rebuild and comes from outside the region.
1. Hon PHIL GOFF to the Prime Minister: Does he have confidence in his Minister of Finance? 2. CRAIG FOSS to the Minister of Finance: How much does the Government expect to spend over the next few years to help rebuild Christchurch in the aftermath of the two earthquakes? 3. Hon ANNETTE KING to the Minister for Social Development and Employment: Does she stand by her statement in regard to hardship assistance that "…I think it proves that the help is there when people need it,"; if so, why? 4. RAHUI KATENE to the Minister of Health: What action, if any, has been taken in light of the study Ethnicity and Management of Colon Cancer in New Zealand: Do Indigenous Patients Get a Worse Deal?, which concluded that Māori New Zealanders with colon cancer were less likely to receive adjuvant chemotherapy and experienced a lower quality of care compared with non-Māori patients? 5. CHRIS AUCHINVOLE to the Minister for the Environment: What steps is the Government taking to increase renewable electricity generation in light of reports that greenhouse gas emissions from this sector have increased by 120 percent, which is more than any other sector since 1990? 6. Hon CLAYTON COSGROVE to the Minister of Finance: Excluding the banks and non-bank financial institutions covered by the deposit guarantee scheme, are there any other companies that might be provided with a government guarantee while the Rt Hon John Key is Prime Minister? 7. JONATHAN YOUNG to the Acting Minister of Energy and Resources: What is Petrobras able to do under the permit granted to it in the Raukumara Basin? 8. DAVID CLENDON to the Acting Minister of Energy and Resources: What environmental protection provisions, if any, did the Government include in the permit granted to Petrobras to explore for oil and drill off the East Cape? 9. Hon TREVOR MALLARD to the Prime Minister: Does he have confidence in all Ministers involved in the Mediaworks frequency payment arrangement? 10. AARON GILMORE to the Minister of Revenue: What has Inland Revenue done to assist the people in Christchurch after the February earthquake? 11. GRANT ROBERTSON to the Minister responsible for Ministerial Services: Does he stand by his statements in relation to the purchase of 34 BMWs by Ministerial Services, including one with heated seats, that "Yeah I don't know what's in Dunedin" and "It's beyond me, it's not my car anyway"? 12. SHANE ARDERN to the Minister of Fisheries and Aquaculture: What has been the result of enforcement action taken by the Ministry of Fisheries under Operation Paid and Taskforce Webb?