Reprint as at 1 April 2015

Coat of Arms of New Zealand

Income Tax Act 2007

Public Act
2007 No 97
Date of assent
1 November 2007
Commencement
see section A 2
Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

This Act is administered by the Inland Revenue Department.

Contents

A 1Title
A 2Commencement
AA 1Purpose of Act
AA 2Interpretation
AA 3Definitions
AA 4Crown bound
BA 1Purpose
BB 1Imposition of income tax
BB 2Main obligations
BB 3Overriding effect of certain matters
BC 1Non-filing and filing taxpayers
BC 2Annual gross income
BC 3Annual total deduction
BC 4Net income and net loss
BC 5Taxable income
BC 6Income tax liability of filing taxpayer
BC 7Income tax liability of person with schedular income
BC 8Satisfaction of income tax liability
BD 1Income, exempt income, excluded income, non-residents’ foreign-sourced income, and assessable income
BD 2Deductions
BD 3Allocation of income to particular income years
BD 4Allocation of deductions to particular income years
BE 1Withholding liabilities
BF 1Other obligations
BG 1Tax avoidance
BH 1Double tax agreements
CA 1Amounts that are income
CA 2Amounts that are exempt income or excluded income
CB 1Amounts derived from business
CB 2Amounts received on disposal of business assets that include trading stock
CB 3Profit-making undertaking or scheme
CB 4Personal property acquired for purpose of disposal
CB 5Business of dealing in personal property
CB 6Disposal: land acquired for purpose or with intention of disposal
CB 7Disposal: land acquired for purposes of business relating to land
CB 8Disposal: land used for landfill, if notice of election
CB 9Disposal within 10 years: land dealing business
CB 10Disposal within 10 years: land development or subdivision business
CB 11Disposal within 10 years of improvement: building business
CB 12Disposal: schemes for development or division begun within 10 years
CB 13Disposal: amount from major development or division and not already in income
CB 14Disposal: amount from land affected by change and not already in income
CB 15Transactions between associated persons
CB 15BWhen land acquired
CB 16Residential exclusion from sections CB 6 to CB 11
CB 17Residential exclusion from sections CB 12 and CB 13
CB 18Residential exclusion from section CB 14
CB 19Business exclusion from sections CB 6 to CB 11
CB 20Business exclusion from sections CB 12 and CB 13
CB 21Farm land exclusion from sections CB 12 and CB 13
CB 22Farm land exclusion from section CB 14
CB 23Investment exclusion from sections CB 12 and CB 13
CB 23BLand partially sold or sold with other land
CB 24Disposal of timber or right to take timber
CB 25Disposal of land with standing timber
CB 26Disposal of certain shares by portfolio investment entities
CB 27Income equalisation schemes
CB 27BEntering partners’ livestock income [Repealed]
CB 28Environmental restoration accounts
CB 29Disposal of minerals
CB 30Sale of patent applications or patent rights
CB 31Sale of business: transferred employment income obligations
CB 32Property obtained by theft
CB 32BOwners of look-through companies
CB 32CIncome for first year of look-through company
CB 33Amounts derived by mutual associations
CB 34Amounts derived by members from mutual associations
CB 35Amounts of income for partners
CB 36Disposal of emissions units
CC 1Land
CC 1BConsideration relating to grant, renewal, extension, or transfer of leasehold estate or licence
CC 1CConsideration for agreement to surrender leasehold estate or terminate licence
CC 2Non-compliance with covenant for repair
CC 3Financial arrangements
CC 4Payments of interest
CC 5Annuities
CC 6Prizes received under Building Societies Act 1965
CC 7Consideration other than in money
CC 8Use of money interest payable by Commissioner
CC 8BCertain commercial bills: non-resident holders
CC 9Royalties
CC 10Films
CC 11Lessee acquiring lease asset on expiry of term of lease
CC 12Lessor acquiring lease asset on expiry of term of lease
CC 13Amounts paid in income years after hire purchase agreement ends
CD 1Dividend
CD 2Distribution excluded from being dividend
CD 3Meaning of dividend
CD 4Transfers of value generally
CD 5What is a transfer of value?
CD 6When is a transfer caused by a shareholding relationship?
CD 7Bonus issues in lieu of dividend
CD 7BShares issued under profit distribution plans
CD 8Elections to make bonus issue into dividend
CD 9Interests in money or property of foreign unit trust
CD 10Bonus issue by foreign unit trust instead of money or property
CD 11Avoidance arrangements
CD 12Superannuation schemes entering trust rules
CD 13Notional distributions of producer boards and co-operative companies
CD 14Notional distributions of emigrating companies
CD 15Tax credits linked to dividends
CD 16Certain dividends not increased by tax credits
CD 17Credit transfer notice
CD 18Dividend reduced if foreign tax paid on company’s income
CD 19Foreign tax credits and refunds linked to dividends
CD 20Benefits of shareholder-employees or directors
CD 21Attributed repatriations from controlled foreign companies [Repealed]
CD 22Returns of capital: off-market share cancellations
CD 23Ordering rule and slice rule
CD 23BReturns of capital: shares repurchased under profit distribution plans
CD 24Returns of capital: on-market share cancellations
CD 25Treasury stock acquisitions
CD 26Capital distributions on liquidation or emigration
CD 27Property made available intra-group
CD 28Transfers of certain excepted financial arrangements within wholly-owned groups
CD 29Non-taxable bonus issues
CD 29BIssues to shareholders of rights to subscribe for or sell back shares
CD 30Transfer by unit trust of legal interest after beneficial interest vests
CD 31Flat-owning companies
CD 32Employee benefits
CD 33Payments corresponding to notional distributions of producer boards and co-operative companies
CD 34Distribution to member of co-operative company based on member’s transactions [Repealed]
CD 34BDistributions to members of co-operative companies
CD 35Resident’s restricted amalgamations
CD 36Foreign investment fund income
CD 36BForeign superannuation withdrawals and pensions from foreign superannuation scheme
CD 37Maori authority distributions
CD 38General calculation rule for transfers of value
CD 39Calculation of amount of dividend when property made available
CD 40Adjustment if dividend recovered by company
CD 41Adjustment if amount repaid later
CD 42Adjustment if additional consideration paid
CD 43Available subscribed capital (ASC) amount
CD 44Available capital distribution amount
[Repealed]
CD 45When does a person have attributed repatriation from a controlled foreign company? [Repealed]
CD 46New Zealand repatriation amount [Repealed]
CD 47New Zealand property amount [Repealed]
CD 48Cost of tangible property [Repealed]
CD 49Cost of associated party equity [Repealed]
CD 50Outstanding balances of financial arrangements [Repealed]
CD 51Property transfers between associated persons [Repealed]
CD 52Unrepatriated income balance [Repealed]
CD 53Prevention of double taxation of share cancellation dividends
CD 54Replacement payments
CE 1Amounts derived in connection with employment
CE 1BGeneral rule: accommodation provided by employers
CE 1CException: overseas accommodation
CE 1DException: accommodation provided by Defence Force
CE 1EException: accommodation provided to ministers of religion
CE 2Value and timing of benefits under share purchase agreements
CE 3Restrictions on disposal of shares under share purchase agreements
CE 4Adjustments to value of benefits under share purchase agreements
CE 5Meaning of expenditure on account of an employee
CE 6Meaning of share: when share acquired
CE 7Meaning of share purchase agreement
CE 8Attributed income from personal services
CE 9Restrictive covenants
CE 10Exit inducements
CE 11Proceeds from claims under policies of income protection insurance
CE 12Tax credits for personal service rehabilitation payments
CF 1Benefits, pensions, compensation, and government grants
CF 2Remission of specified suspensory loans
CF 3Withdrawals from foreign superannuation scheme
CG 1Amount of depreciation recovery income
CG 2Remitted amounts
CG 2BRemitted amounts on discharge from bankruptcy
CG 2CRemitted and other amounts: companies in liquidation
CG 2DRemitted and other amounts: companies leaving groups
CG 2ERemitted and other amounts: income apportionment
CG 3Bad debt repayment
CG 4Receipts for expenditure or loss from insurance, indemnity, or otherwise
CG 5Recoveries or receipts by employers from superannuation schemes
CG 5BReceipts from insurance, indemnity, or compensation for interruption or impairment of business activities
CG 6Receipts from insurance, indemnity, or compensation for trading stock
CG 7Recoveries after deduction of payments under lease
CG 7BDisposals or applications after earlier deductions
CG 8Capital contributions
CH 1Adjustment for closing values of trading stock, livestock, and excepted financial arrangements
CH 2Adjustment for prepayments
CH 3Adjustment for deferred payment of employment income
CH 4Adjustment for change to accounting practice
CH 5Adjustment for GST
CH 6Adjustments for certain finance and operating leases
CH 7Adjustment for avoidance arrangements
CH 8Market value substituted
CH 9Interest apportionment: excess debt entity
CH 10Interest apportionment: reporting bank
CO 1Income from voluntary activities
CP 1Attributed income of investors in multi-rate PIEs
CQ 1Attributed controlled foreign company income
CQ 2When attributed CFC income arises
CQ 3Calculation of attributed CFC income
CQ 4Foreign investment fund income
CQ 5When FIF income arises
CQ 6Calculation of FIF income
CQ 7Treatment of attributing interests subject to returning share transfer [Repealed]
CR 1Policyholder base income of life insurer
CR 2Shareholder base income of life insurer
CR 3Income of non-resident general insurer
CR 4Income for general insurance outstanding claims reserve
[Repealed]
[Repealed]
CS 1Withdrawals [Repealed]
[Repealed]
CS 2Exclusions of withdrawals of various kinds [Repealed]
CS 3Exclusion of withdrawal on grounds of hardship [Repealed]
CS 4Exclusion of withdrawal to settle division of relationship property [Repealed]
CS 5Exclusion of withdrawal paid as annuity or pension [Repealed]
CS 6Exclusion of withdrawal on partial retirement [Repealed]
CS 7Exclusion of withdrawal when member ends employment [Repealed]
CS 8Exclusion of withdrawal when member ends employment: lock-in rule [Repealed]
CS 9Exclusion of withdrawal from defined benefit fund when member ends employment [Repealed]
CS 10When member treated as not ending employment [Repealed]
CS 10BExclusion of permitted withdrawals from KiwiSaver schemes and complying superannuation funds [Repealed]
[Repealed]
CS 11Transfer by superannuation fund to another superannuation fund [Repealed]
CS 12Transfer from superannuation scheme to superannuation fund [Repealed]
CS 13Investment by superannuation fund in another superannuation fund [Repealed]
[Repealed]
CS 14Superannuation fund becomes superannuation scheme [Repealed]
CS 15Superannuation fund becomes foreign superannuation scheme [Repealed]
CS 16Superannuation scheme becomes superannuation fund [Repealed]
[Repealed]
CS 17Superannuation fund wound up [Repealed]
[Repealed]
CS 18Value of loan treated as fund income [Repealed]
CT 1Disposal of exploratory material or petroleum mining asset
CT 2Damage to assets
CT 3Exploratory well used for commercial production
CT 4Partnership interests and disposal of part of asset
CT 5Petroleum mining operations outside New Zealand
CT 6Meaning of petroleum miner
CT 6BMeaning of petroleum mining operations
CT 7Meaning of petroleum mining asset
CU 1Mineral miner’s income
CU 2Treatment of mining land
CU 3Disposal of mineral mining assets
CU 4Recovery of certain expenditure
CU 5Partnership interests and disposal of part of asset
CU 6Meaning of mineral miner
CU 7Some definitions
CU 8Meaning of listed industrial mineral
CU 9Some definitions
CU 10Mining asset used to derive income other than income from mining [Repealed]
CU 11Meaning of asset for sections CU 3 to CU 10 [Repealed]
CU 12Application of sections to resident mining operators [Repealed]
CU 13Application of sections to non-resident mining operators [Repealed]
CU 14Recovery of reinvestment profit on disposal of mining shares [Repealed]
CU 15Recovery of reinvestment profit not used for mining purposes [Repealed]
CU 16Recovery of reinvestment profit on repayment of loans [Repealed]
CU 17Repayment by mining company of amount written off [Repealed]
CU 18Amount treated as repayment for purposes of section CU 17: excess [Repealed]
CU 19Amount treated as repayment for purposes of section CU 17: net income [Repealed]
CU 20Mining company or mining holding company liquidated [Repealed]
[Repealed]
CU 21Meaning of income from mining [Repealed]
CU 22Meaning of mining company [Repealed]
CU 23Meaning of mining development expenditure [Repealed]
CU 24Meaning of mining exploration expenditure [Repealed]
CU 25Meaning of mining operations [Repealed]
CU 26Meaning of mining venture [Repealed]
CU 27Meaning of resident mining operator [Repealed]
CU 28Meaning of specified mineral [Repealed]
CU 29Other definitions [Repealed]
CV 1Group companies
CV 2Consolidated groups: income of company in group
CV 3Consolidated groups: arrangement for disposal of shares
CV 4Amalgamated companies: amount derived after amalgamation
CV 5Statutory producer boards
CV 6Crown Research Institutes
CV 7Australian wine producer rebate
CV 8Regulations: Australian wine producer rebate
CV 9Supplementary dividend holding companies
CV 10Foreign dividend payment account companies or conduit tax relief companies [Repealed]
CV 11Maori authorities
CV 12Trustees: amounts received after person’s death
CV 13Amounts derived from trusts
CV 14Distributions from community trusts
CV 15Amounts derived from trusts while person absent from New Zealand
CV 16Non-resident shippers
CV 17Non-exempt charities: taxation of tax-exempt accumulation
CV 18Hedging of currency movements in Australian non-attributing shares and attributing FDR method interests
CV 19Additional income for certain imputation credits
CW 1Forestry companies established by the Crown, Maori owners, and holding companies buying land with standing timber from founders
CW 1BTreaty of Waitangi claim settlements: rights to take timber
CW 2Forestry encouragement agreements
CW 3Forestry companies and Maori investment companies
CW 3BPre-1990 forest land units: emissions trading scheme [Repealed]
CW 4Annuities under life insurance policies
CW 5Payments of interest: post-war credits
CW 6Payments of interest: farm mortgages
CW 7Foreign-sourced interest
CW 8Money lent to government of New Zealand
CW 8BCertain amounts derived from use of assets
CW 9Dividend derived from foreign company
CW 10Dividend within New Zealand wholly-owned group
CW 11Dividend of conduit tax relief holding company [Repealed]
CW 12Proceeds of share disposal by qualifying foreign equity investor
CW 13Proceeds from share or option acquired under venture investment agreement
CW 14Dividends derived by qualifying companies
CW 15Dividends paid by qualifying companies
CW 16Allowance of Governor-General and other benefits and privileges
CW 16BAccommodation expenditure: out-of-town secondments and projects
CW 16CTime periods for certain accommodation expenditure
CW 16DAccommodation expenditure: conferences and overnight stays
CW 16EAccommodation expenditure: new employees
CW 16FAccommodation expenditure: multiple workplaces
CW 17Expenditure on account, and reimbursement, of employees
CW 17BRelocation payments
CW 17CPayments for overtime meals and certain other allowances
CW 17CBPayments for certain work-related meals
CW 17CCPayments for distinctive work clothing
CW 18Allowance for additional transport costs
CW 19Amounts derived during short-term visits
CW 20Amounts derived by visiting entertainers including sportspersons
CW 21Amounts derived by visiting crew of pleasure craft
CW 22Amounts derived by overseas experts and trainees in New Zealand by government arrangement
CW 23Income for military or police service in operational area
CW 24Deferred military pay for active service
CW 25Value of board for religious society members
CW 26Jurors’ and witnesses’ fees
CW 27Certain income derived by transitional resident
CW 28Pensions
CW 28BForeign superannuation withdrawal in initial period of residency
CW 28CForeign superannuation withdrawal exceeding given amount
CW 29Reinvested amounts from foreign superannuation schemes in Australia
CW 29BAmounts from Australian complying superannuation schemes reinvested in KiwiSaver schemes
CW 30Annuities from Crown Bank Accounts
CW 31Services for members and former members of Parliament
CW 32Maintenance payments
CW 33Allowances and benefits
CW 34Compensation payments
CW 35Personal service rehabilitation payments
CW 36Scholarships and bursaries
CW 37Film production grants [Repealed]
CW 38Public authorities
CW 39Local authorities
CW 40Local and regional promotion bodies
CW 40BTe Urewera Board
CW 41Charities: non-business income
CW 42Charities: business income
CW 42BCommunity housing trusts and companies
CW 43Charitable bequests
CW 44Friendly societies
CW 45Funeral trusts
CW 46Bodies promoting amateur games and sports
CW 47TAB and racing clubs
CW 48Income from conducting gaming-machine gambling
CW 49Bodies promoting scientific or industrial research
CW 50Veterinary services bodies
CW 51Herd improvement bodies
CW 52Community trusts
CW 53Distributions from complying trusts
CW 54Foreign-sourced amounts derived by trustees
CW 55Maori authority distributions
CW 55BATertiary education institutions
CW 55BABRebate of fees paid by FIF
CW 55BBMinors’ income, to limited extent
CW 55BAmounts of exempt income for partners
CW 56Non-resident aircraft operators
CW 57Non-resident company involved in exploration and development activities
CW 58Disposal of companies’ own shares
CW 59New Zealand companies operating in Niue
CW 59BIncome of and distributions by certain international funds
CW 59CLife reinsurance outside New Zealand
CW 60Stake money
CW 61Providing standard-cost household service
CW 62Interest paid under the KiwiSaver Act 2006
CW 62BVoluntary activities
CW 63Avoidance arrangements
CW 64Exemption under other Acts
CW 65New Zealand Railways Corporation restructure: exempt income
CX 1Goods and services tax
CX 2Meaning of fringe benefit
CX 3Excluded income
CX 4Relationship with assessable income
CX 5Relationship with exempt income
CX 6Private use of motor vehicle
CX 7Employer or associated person treated as having right to use vehicle under arrangement
CX 8Private use of motor vehicle: use by more than 1 employee
CX 9Subsidised transport
CX 10Employment-related loans
CX 11Employment-related loans: loans by life insurers
CX 12Services for members and former members of Parliament
CX 13Contributions to superannuation schemes
CX 14Contributions to sickness, accident, or death benefit funds
CX 15Contributions to funeral trusts
CX 16Contributions to life or health insurance
CX 17Benefits provided to employees who are shareholders or investors
CX 18Benefits provided to associates of both employees and shareholders
CX 19Benefits provided instead of allowances
CX 20Benefits to enable performance of duties
CX 21Business tools
CX 22Benefits to non-executive directors
CX 23Benefits provided on premises
CX 24Benefits related to health or safety
CX 25Benefits provided by charitable organisations
CX 26Non-liable payments
CX 27Assistance with tax returns
CX 28Accommodation
CX 29Entertainment
CX 30Distinctive work clothing
CX 31Contributions to income protection insurance
CX 32Services provided to superannuation fund
CX 33Goods provided at discount by third parties
CX 33BBenefits for members of Parliament
CX 34Meaning of emergency call
CX 35Meaning of employee share loan
CX 36Meaning of private use
CX 37Meaning of unclassified benefit
CX 38Meaning of work-related vehicle
CX 39Life insurers and fully reinsured persons [Repealed]
CX 40Superannuation fund deriving amount from life insurance policy
CX 41Resident insurance underwriters
CX 42Disposal of ownership interests in controlled petroleum mining entities
CX 43Farm-out arrangements for mining operations
[Repealed]
CX 44Disposal of mining shares [Repealed]
CX 45Disposal of mining shares acquired with reinvestment profit [Repealed]
CX 46Repayment of loans made from reinvestment profit [Repealed]
CX 47Government grants to businesses
CX 48Amounts remitted as condition of new start grant
CX 48BIssue of post-1989 forest land units [Repealed]
CX 48CGovernment funding additional to government screen production payments
CX 48DTax credits for expenditure on research and development
CX 49Employer’s superannuation contributions
CX 50Tax credits for KiwiSaver and complying superannuation funds
CX 50BContributions to retirement savings schemes
CX 51Income equalisation schemes
CX 51BDisposal of pre-1990 forest land emissions units
CX 51CDisposal of fishing quota emissions units
CX 52Refund from environmental restoration account
CX 53Credits for inflation-indexed instruments
CX 54Share-lending collateral under share-lending arrangements
CX 55Proceeds from disposal of investment shares
CX 56Attributed income of certain investors in multi-rate PIEs
CX 56BDistributions to investors in multi-rate PIEs
CX 56CDistributions to investors by listed PIEs
CX 57Credits for investment fees
CX 58Amounts derived by minors from trusts
CX 59Taxable distributions from non-complying trusts
CX 60Intra-group transactions
CX 61Avoidance arrangements
CX 62Amounts of excluded income for partners
CX 63Dividends derived after company ceased to be look-through company
CZ 1Share purchase agreement income before 19 July 1968
CZ 2Mining company’s 1970–71 tax year [Repealed]
CZ 3Exchange variations on 8 August 1975
CZ 4Mineral mining: company making loan before 1 April 1979 [Repealed]
CZ 5Exempt interest: overseas money lent to government or local or public authority before 29 July 1983
CZ 6Commercial bills before 31 July 1986
CZ 7Primary producer co-operative companies: 1987–88 income year
CZ 8Farm-out arrangements for petroleum mining before 16 December 1991
CZ 9Available capital distribution amount: 1965 and 1985–1992
CZ 9BAvailable capital distribution amount: 1988 to 2010
CZ 10Transitional relief for calculation of attributed repatriation dividends: 2 July 1992
CZ 11Recovery of deductions for software acquired before 1 April 1993
CZ 12General insurance with risk period straddling 1 July 1993
CZ 13Treatment of units and interests in unit trusts and group investment funds on issue as at 1 April 1996
CZ 14Treatment of superannuation fund interests in group investment funds on 1 April 1999
CZ 15Accident insurance contracts before 1 July 2000
CZ 16Interest payable to exiting company: 2001
CZ 17Dividend of exiting company: 2001
CZ 18Benefit provider approved within 6 months of 25 November 2003
CZ 19Community trust receipts in 2004–05 or 2005–06 tax year
CZ 20Disposal of personal property lease asset under specified lease
CZ 21Superannuation fund loans made to members before 1 April 1989
CZ 21BOptional treatment of withdrawals from foreign superannuation schemes not included in return or assessed before 1 April 2014
CZ 22Geothermal wells between 31 March 2003 and 17 May 2006
CZ 23Insurance or compensation for buildings replaced as revenue account property affected by Canterbury earthquakes [Repealed]
CZ 23Employee benefits for Canterbury earthquake relief: exempt income
CZ 24Employee benefits for Canterbury earthquake relief: not fringe benefits
CZ 25Land and buildings as revenue account property affected by Canterbury earthquakes and replaced—insurance or compensation, Government purchase
CZ 26Land and buildings affected by Canterbury earthquakes—sections CB 9 to CB 11 and CB 14 overridden for Crown purchases
CZ 27Prior bad debt deductions clawback
CZ 28Transitional provision for mineral mining: previously appropriated mining expenditure
CZ 29Accommodation expenditure: Canterbury earthquake relief
CZ 30Transitional provision: application of certain accommodation provisions
CZ 31Accommodation expenditure: New Zealand Defence Force
CZ 32Treatment of certain petroleum storage facilities
DA 1General permission
DA 2General limitations
DA 3Effect of specific rules on general rules
DA 4Treatment of amount of depreciation loss
DA 5Treatment of expenditure for commercial fit-out
DB 1Taxes, other than GST, and penalties
DB 2Goods and services tax
DB 3Determining tax liabilities
DB 3BUse of money interest
DB 4Chatham Islands dues
DB 4BFees to purchase funds in tax pooling accounts
DB 5Transaction costs: borrowing money for use as capital
DB 6Interest: not capital expenditure
DB 7Interest: most companies need no nexus with income
DB 8Interest: money borrowed to acquire shares in group companies
DB 9Interest incurred on money borrowed to acquire shares in qualifying companies
DB 10Interest or expenditure connected to profit-related debentures
DB 10BInterest or expenditure connected to stapled debt security
DB 11Negative base price adjustment
DB 12Base price adjustment under old financial arrangements rules
DB 13Repayment of debt sold at discount to associate of debtor
DB 14Security payment
DB 15Sureties
DB 16Share-lending collateral under share-lending arrangements
DB 17Replacement payments and imputation credits under share-lending arrangements
DB 18Transaction costs: leases
DB 19Expenses in application for resource consent
DB 20Destruction of temporary building
DB 20BConsideration for agreement to grant, renew, extend, or transfer leasehold estate or licence
DB 20CConsideration for agreement to surrender leasehold estate or terminate licence
DB 21Amounts paid for non-compliance with covenant for repair
DB 22Amounts paid for non-compliance and change in use
DB 23Cost of revenue account property
DB 24Share losses
DB 25Cancellation of shares held as revenue account property
DB 26Amount from profit-making undertaking or scheme and not already in income
DB 27Amount from major development or division and not already in income
DB 28Amount from land affected by change and not already in income
DB 29Apportionment when land acquired with other property
DB 30Cost of certain minerals
DB 31Bad debts
DB 32Bad debts owed to estates
DB 33Scientific research
DB 34Research or development
DB 35Some definitions
DB 36Patent expenses
DB 37Expenses in application for patent
DB 38Patent rights: devising patented inventions
DB 39Patent rights acquired before 1 April 1993
DB 40Patent applications or patent rights acquired on or after 1 April 1993
DB 40BAExpenses in application for plant variety rights
DB 40BExpenditure in unsuccessful development of software
DB 41Charitable or other public benefit gifts by company
DB 42Property misappropriated by employees or service providers
DB 43Making good loss from misappropriation by partners
DB 44Restitution of stolen property
DB 45Bribes paid to public officials
DB 46Avoiding, remedying, or mitigating effects of discharge of contaminant
DB 47Payments for remitted amounts
DB 48Restrictive covenant breached
DB 49Adjustment for opening values of trading stock, livestock, and excepted financial arrangements
DB 50Adjustment for prepayments
DB 51Adjustment for deferred payment of employment income
DB 51BAdjustments for leases that become finance leases
DB 52Adjustment for change to accounting practice
DB 53Attributed PIE losses of certain investors
DB 54No deductions for fees relating to interests in multi-rate PIEs
DB 54BExpenditure incurred by foreign investment PIEs
[Repealed]
DB 55Expenditure incurred in deriving exempt dividend [Repealed]
DB 56Expenditure incurred in operating motor vehicle under agreement or arrangement affected by section CX 7
DB 57Payments to spouses, civil union partners, or de facto partners other than for services
DB 58Adjustment for avoidance arrangements
DB 59Market value substituted
DB 60Acquisition of emissions units
DB 60BLiabilities for emissions
DB 61Surrender of certain emissions units for post-1989 forest land emissions
DB 62Deduction for legal expenses
DB 63Expenses in paying dividends
DB 63BPeriodic company registration fees
DB 63CMeetings of shareholders
DB 64Capital contributions
DB 65Allowance for certain commercial buildings
DC 1Lump sum payments on retirement
DC 2Pension payments to former employees
DC 3Pension payments to former partners
DC 3BPayments to working owners
DC 4Payments to working partners
DC 5Payments to spouses, civil union partners, or de facto partners: services
DC 6Contributions to employees’ benefit funds
DC 7Contributions to employees’ superannuation schemes
DC 8Attribution of personal services
DC 9Restrictive covenants or exit inducements
DC 10Sale of business: transferred employment income obligations
DC 11Transfers of employment income obligations to associates
DC 12Loans to employees under share purchase schemes
DC 13Criteria for approval of share purchase schemes: before period of restriction ends
DC 14Criteria for approval of share purchase schemes: when period of restriction ends
DC 15Some definitions
DD 1Entertainment expenditure generally
DD 2Limitation rule
DD 3When limitation rule does not apply
DD 4Employment-related activities
DD 5Promoting businesses, goods, or services
DD 6Entertainment as business or for charitable purpose
DD 7Entertainment outside New Zealand
DD 8Entertainment that is income or fringe benefit
DD 9Relationship with fringe benefit tax rules
DD 10Interpretation: reimbursement and apportionment
DD 11Some definitions
DE 1What this subpart does
DE 2Deductions for business use
DE 3Methods for calculating proportion of business use
DE 4Default method for calculating proportion of business use
DE 5Actual records
DE 6Using logbook for test period
DE 7Logbook requirements
DE 8Logbook term
DE 9Inadequate logbook
DE 10Variance during logbook term
DE 11Replacement vehicles
DE 12Mileage rate method
DF 1Government grants to businesses
DF 2Repayment of grant-related suspensory loans
DF 3Identifying expenditure for purposes of sections DF 1 and DF 2
DF 4Payments for social rehabilitation
DF 5Government funding additional to government screen production payments
DG 1What this subpart does
DG 2Application of this subpart
DG 3Meaning of asset for this subpart
DG 4Meaning of private use for this subpart
DG 5Meaning and treatment of interest expenditure for this subpart
DG 6Associated persons: company rule modified
DG 7Expenditure related to income-earning use
DG 8Expenditure limitation rule
DG 9Apportionment formula
DG 10Interest expenditure rules
DG 11Interest expenditure: close companies
DG 12Interest expenditure: group companies
DG 13Interest expenditure: corporate shareholders
DG 14Interest expenditure: non-corporate shareholders
DG 15Quarantined expenditure rules
DG 16Quarantined expenditure when asset activity negative
DG 17Allocation of amounts quarantined under section DG 16
DG 18Quarantined expenditure: group companies and shareholders
DG 19Allocation of amounts quarantined under section DG 18
DG 20When income cannot be separately attributed
DG 21Opting out of treatment under this subpart
DG 22Application of rules to part years
DN 1Attributed controlled foreign company loss
DN 2When attributed CFC loss arises
DN 3Calculation of attributed CFC loss
DN 4Ring-fencing cap on deduction
DN 5Foreign investment fund loss
DN 6When FIF loss arises
DN 7Calculation of FIF loss
DN 8Ring-fencing cap on deduction: attributable FIF income method
DO 1Enhancements to land
DO 2Plantings for erosion, shelter, and water protection purposes
DO 3Trees on farms
DO 4Improvements to farm land
DO 5Expenditure on land: planting of listed horticultural plants
DO 6Expenditure on land: horticultural replacement planting
DO 7Accounting for expenditure on listed horticultural plants under sections DO 5 and DO 6
DO 8Meaning of planting and plot
DO 9Meaning of replaced area fraction
DO 10Farming or horticulture expenditure of lessor or sublessor
DO 11Improvement destroyed or made useless
DO 11BEntering partners’ livestock deduction [Repealed]
DO 12Improvements to aquacultural business
DO 13Improvement destroyed or made useless
DP 1Expenditure of forestry business
DP 2Plant or machinery
DP 3Improvements to forestry land
DP 4Improvement destroyed or made useless
DP 5Forestry encouragement agreement: deductions
DP 6Forestry encouragement agreement: no deduction
DP 7Land contouring: no deduction
DP 8Forestry business on land bought from the Crown, Maori owners, or holding company: no deduction
DP 9Cost of acquiring timber: forestry business on land bought from the Crown, Maori owners, or holding company
DP 9BTreaty of Waitangi claim settlements: rights to take timber
DP 10Cost of acquiring timber or right to take timber: other cases
DP 11Cost of timber
DQ 1Main income equalisation scheme
DQ 2Adverse event income equalisation scheme
DQ 3Thinning operations income equalisation scheme
DQ 4Environmental restoration accounts scheme
DR 1Policyholder base allowable deduction of life insurer
DR 2Shareholder base allowable deduction of life insurer
DR 3Life reinsurance outside New Zealand
DR 4Life insurers’ claims
DS 1Acquiring film rights
DS 2Film production expenditure
DS 2BExpenditure when film or film right intended for disposal
DS 3Clawback of deductions for film reimbursement schemes
DS 4Meaning of film reimbursement scheme
DT 1ARing-fenced allocations
DT 1Petroleum exploration expenditure
DT 2Arrangement for petroleum exploration expenditure and sale of property
DT 3Acquisition of privileges and permits
DT 4Acquisition of exploratory material
DT 5Petroleum development expenditure
DT 6Expenditure on petroleum mining assets
DT 7Exploratory well expenditure
DT 8Acquisition of certain petroleum mining assets
DT 9Disposal of petroleum mining asset to associate
DT 10Disposal of petroleum mining asset outside association
DT 11Association ending
DT 12Damage to assets
DT 13Disposal of ownership interests in controlled petroleum mining entities
DT 14Farm-out arrangements
DT 15Persons associated with petroleum miner
DT 16Removal or restoration operations
DT 17Attribution of expenditure
DT 18Replacement permits
DT 19Partnership interests and disposal of part of asset
DT 20Petroleum mining operations outside New Zealand
DU 1Mining expenditure: prospecting and exploration expenditure
DU 2Mining expenditure: rehabilitation expenditure
DU 3Acquisition of land for mining operations
DU 4Acquisition of mineral mining assets
DU 5Farm-out arrangements
DU 6Deduction for certain mining expenditure spread over assumed life of mine
DU 7Deduction for certain mining expenditure spread on basis of units of production
DU 8Classes of mineral mining expenditure
DU 9Some definitions
DU 10Meaning of mining exploration expenditure
DU 11Meaning of mining development expenditure: exclusion of operational expenditure
DU 12Meaning of mining rehabilitation expenditure
DV 1Publicising superannuation funds
DV 2Transfer of expenditure to master fund
DV 3Formula for calculating maximum deduction
DV 4Carry forward of expenditure
DV 4BCarry forward of expenditure by member funds investing in portfolio investment entities
DV 5Investment funds: transfer of expenditure to master funds
DV 6Formula for calculating maximum deduction
DV 7Carry forward of expenditure
DV 8Non-profit organisations
DV 9Trusts
DV 10Building societies
DV 11Distribution to member of co-operative company, excluded from being dividend
DV 12Maori authorities: donations
DV 13Group companies
DV 14Amalgamated company: expenditure on improvements for farming, horticultural, aquacultural, and forestry businesses
DV 15Amalgamated companies: property passing on resident’s restricted amalgamation
DV 16Consolidated groups: intra-group transactions
DV 17Consolidated groups: expenditure or loss incurred by group companies
DV 18Statutory producer boards and co-operative companies
DV 19Association rebates
DV 20Partners
DV 21Losses for QCs entering partnership regime
DV 22Owners of look-through companies
DV 23Losses for QCs entering look-through companies rules
DV 24Losses for QCs becoming sole traderships
DV 25Hedging of currency movements in Australian non-attributing shares and attributing FDR method interests
DW 1Airport operators
DW 2Bloodstock racing
DW 3Non-resident general insurers and shippers
DW 4Deduction for general insurance outstanding claims reserve
DX 1Testamentary annuities
DX 2Tax credits: conduit financing arrangements [Repealed]
DX 3Tax credits: supplementary dividend holding companies [Repealed]
DZ 1Commercial bills before 31 July 1986
DZ 2Life insurers acquiring property before 1 April 1988
DZ 3Petroleum mining: development expenditure from 1 October 1990 to 15 December 1991
DZ 4Expenditure on abandoned exploratory well before 16 December 1991
DZ 5Farm-out arrangements for petroleum mining before 16 December 1991
DZ 6Partnership interests and disposal of part of asset before 16 December 1991
DZ 7Petroleum mining operations outside New Zealand before 16 December 1991
DZ 8Buying patent rights before 1 April 1993
DZ 9Premium paid on land leased before 1 April 1993
DZ 10General insurance with risk period straddling 1 July 1993
DZ 11Film reimbursement scheme on or before 30 June 2001
DZ 12Mineral mining: 1954–2005 [Repealed]
DZ 13Enhancements to land unamortised at end of 2004–05 year
DZ 14Deductions under specified leases
DZ 15Patent applications before 1 April 2005
DZ 16Geothermal wells between 31 March 2003 and 17 May 2006
DZ 17Expenditure on improvements to aquacultural business before 1995–96 income year
DZ 18Expenditure on improvements to forestry land before 1995–96 income year
DZ 19Attributed CFC loss carried back under section EZ 32C [Repealed]
DZ 20Expenditure incurred while income-earning activity interrupted by Canterbury earthquake
DZ 21Transfer in 2013–14 income year of assets to which subpart DG applies
EA 1Trading stock, livestock, and excepted financial arrangements
EA 2Other revenue account property
EA 3Prepayments
EA 4Deferred payment of employment income
EB 1When this subpart applies
EB 2Meaning of trading stock
EB 3Valuation of trading stock
EB 4Trading stock valuation methods
EB 5Transfers of trading stock within wholly-owned groups
EB 6Cost
EB 7Cost allocation: cost-flow method
EB 8Cost allocation: budgeted method or standard cost method
EB 9Discounted selling price
EB 10Replacement price
EB 11Market selling value
EB 12Valuing closing stock consistently
EB 13Low-turnover valuation
EB 14Low-turnover valuation methods
EB 15Cost for low-turnover traders
EB 16Cost allocation: cost-flow method for low-turnover traders
EB 17Costs: manufactured or produced stock of low-turnover traders
EB 18Costs: other stock of low-turnover traders
EB 19Discounted selling price for low-turnover traders
EB 20Replacement price for low-turnover traders
EB 21Market selling value for low-turnover traders
EB 22Valuing closing stock consistently for low-turnover traders
EB 23Valuing closing stock under $10,000
EB 24Apportionment on disposal of business assets that include trading stock
EC 1Application of this subpart
EC 2Valuation of livestock
EC 3Livestock valuation methods
EC 4Transfers of livestock within wholly-owned groups
EC 4BCompulsory use of herd scheme method for associated persons
EC 4CValue and timing of transfers
EC 5Transfer of livestock because of self-assessed adverse event
EC 6Application of sections EC 7 to EC 27
EC 7Valuation methods
EC 8Restrictions arising from use of herd scheme
EC 9Restrictions on use of national standard cost scheme
EC 10Restrictions on use of cost price method
EC 11Restrictions on making of elections
EC 12Interests in livestock
EC 13Changes in partnership interests
EC 14Herd scheme
EC 15Determining national average market values
EC 16Valuation under herd scheme
EC 17Herd value ratio
EC 18Inaccurate herd value ratio
EC 19Chatham Islands adjustment to herd value
EC 20Herd livestock disposed of before values determined
EC 21Herd livestock on death before values determined [Repealed]
EC 22National standard cost scheme
EC 23Determining national standard costs
EC 24Methods for determining costs using national standard cost scheme
EC 25Cost price, replacement price, or market value
EC 26Bailee’s treatment of livestock
EC 26BEntering partners’ cost base
EC 27Some definitions
EC 28Application of sections EC 29 to EC 31
EC 29Determining standard values
EC 30Closing value methods
EC 31Enhanced production
EC 32Application of sections EC 33 to EC 37
EC 33Determining depreciation percentages
EC 34General rule
EC 35Livestock reaching national average market value and livestock no longer used for breeding
EC 36Immature livestock and recently bought livestock
EC 37Bailment
EC 38Application of sections EC 39 to EC 48
EC 39First income year in breeding business
EC 40Later income years in breeding business
EC 41Reduction: bloodstock not previously used for breeding in New Zealand other than as shuttle stallions
EC 42Reduction: bloodstock previously used for breeding in New Zealand
EC 43Accident, birth deformity, or infertility
EC 44Other bloodstock
EC 45Residual value of bloodstock
EC 46Use of bloodstock for racing
EC 47Change of use of bloodstock in course of business
EC 48Replacement breeding stock
ED 1Valuation of excepted financial arrangements
ED 1BValuation of emissions units issued for zero price
ED 2Transfers of certain excepted financial arrangements within wholly-owned groups
ED 3Part-year tax calculations for transfers: general insurance OCR
ED 4Valuation of certain excepted financial arrangements denominated in foreign currency
EE 1What this subpart does
EE 2Nature of ownership of item
EE 3Ownership of goods subject to reservation of title
EE 4Ownership of lessee’s improvements: lessee
EE 5Ownership of lessee’s improvements: other person
EE 6What is depreciable property?
EE 7What is not depreciable property?
EE 8Election that property not be depreciable
EE 9Description of elements of calculation
EE 10Calculation rule: item temporarily not available
EE 11Calculation rule: income year in which item disposed of
EE 12Depreciation methods
EE 13Application of sections EE 14 to EE 19
EE 14Diminishing value or straight-line method: calculating amount of depreciation loss
EE 15Amount of adjusted tax value
EE 16Amount resulting from standard calculation
EE 17Amount resulting from petroleum-related depreciable property calculation
EE 18Cost: change from diminishing value to straight-line method
EE 19Cost: fixed life intangible property
EE 20Application of sections EE 21 to EE 24
EE 21Pool method: calculating amount of depreciation loss
EE 22Cases affecting pool
EE 23Combined pools
EE 24Property ceasing to qualify for pool
EE 25Depreciation loss for plant variety rights application granted in 2005–06 or later income year
EE 26Setting of economic depreciation rate
EE 27Economic rate for certain depreciable property
EE 28Economic rate for buildings
EE 29Economic rate for certain aircraft and motor vehicles
EE 30Economic rate for plant, equipment, or building, with high residual value
EE 31Annual rate for item acquired in person’s 1995–96 or later income year
EE 32Election in relation to certain depreciable property acquired on or after 1 April 2005
EE 33Annual rate for fixed life intangible property
EE 34Annual rate for patent granted in 2005–06 or later income year
EE 35Special rate or provisional rate
EE 36Using economic rate or provisional rate instead of special rate
EE 37Improvements
EE 38Items of low value
EE 39Items no longer used
EE 40Transfer of depreciable property on or after 24 September 1997
EE 41Transfer of depreciable property on certain amalgamations on or after 14 May 2002
EE 42Transfer of radiocommunications licence right on or after 24 September 1997
EE 43Transfer of depreciable intangible property on or after 1 July 1997
EE 44Application of sections EE 48 to EE 52
EE 45Consideration for purposes of section EE 44
EE 46Items for purposes of section EE 44
EE 47Events for purposes of section EE 44
EE 48Effect of disposal or event
EE 49Amount of depreciation recovery income when item partly used for business
EE 50Amount of depreciation loss when item partly used to produce income
EE 51Amount of depreciation recovery income when lost or stolen items recovered
EE 52Amount of depreciation recovery income when compensation received
EE 53Unused geothermal well brought into use
EE 54Cost: GST
EE 55Meaning of adjusted tax value
EE 56Formula
EE 57Base value in section EE 56 when none of sections EE 58, EE 59, and EZ 22(1) applies
EE 58Base value in section EE 56 when no previous deduction
EE 59Base value in section EE 56 when property is petroleum-related depreciable property
EE 60Total deductions in section EE 56
EE 61Meaning of annual rate
EE 62Meaning of depreciable intangible property
EE 63Meaning of estimated useful life
EE 64Meaning of excluded depreciable property
EE 65Meaning of maximum pooling value
EE 66Meaning of poolable property
EE 67Other definitions
EF 1Fringe benefit tax
EF 2Employer’s superannuation contribution tax
EF 3Accident compensation levies and premiums
EF 4Use of money interest payable by Commissioner
EF 5Use of money interest payable by person
EF 6Different tax years [Repealed]
EG 1Election to use balance date used in foreign country
EG 2Adjustment for changes to accounting practice
EG 3Allocation of income, deductions, and tax credits by portfolio tax rate entity [Repealed]
EH 1Income equalisation schemes
EH 2Income Equalisation Reserve Account
EH 3Persons to whom main income equalisation scheme applies
EH 4Main deposit
EH 5Main income equalisation account
EH 6Interest on deposits in main income equalisation account
EH 7Deduction of deposit
EH 8Refund of excess deposit
EH 9Income does not include excess deposit
EH 10Refund at end of 5 years
EH 11Income when refund given at end of 5 years
EH 12Application for refund by person, trustee of estate, Official Assignee, or liquidator
EH 13Refund on request
EH 14Income when refund given on request
EH 15Refund for development or recovery
EH 16Income when refund given for development or recovery
EH 17Refund on retirement
EH 18Income when refund given on retirement, and election to allocate amount to earlier year
EH 19Refund on death
EH 20Income when refund given on death
EH 21Income when refund given on death, and election to allocate amount to earlier year
EH 22Income when refund given on death, and election to allocate amount to later year or years
EH 23Refund on bankruptcy
EH 24Income when refund given on bankruptcy
EH 25Refund on liquidation
EH 26Income when refund given on liquidation
EH 27Amendment of assessment
EH 28Minimum refund
EH 29Deposits from which refunds come
EH 30When person entitled to tax credit
EH 31Kind and amount of refund that entitles person to tax credit
EH 32Kind of person entitled to tax credit
EH 33Amount of tax credit
EH 34Meaning of income from forestry
EH 35Meaning of main maximum deposit
EH 36Other definitions
EH 37Persons to whom adverse event income equalisation scheme applies
EH 38Adverse event deposit
EH 39Adverse event income equalisation account
EH 40Interest on deposits in adverse event income equalisation account
EH 41Deduction of deposit
EH 42Refund of excess deposit
EH 43Income does not include excess deposit
EH 44Application for refund by person, trustee of estate, Official Assignee, or liquidator
EH 45Refund on request
EH 46Income when refund given on request
EH 47Refund on retirement
EH 48Income when refund given on retirement, and election to allocate amount to earlier year
EH 49Refund on death
EH 50Income when refund given on death
EH 51Income when refund given on death, and election to allocate amount to earlier year
EH 52Income when refund given on death, and election to allocate amount to later year or years
EH 53Refund on bankruptcy
EH 54Income when refund given on bankruptcy
EH 55Refund on liquidation
EH 56Income when refund given on liquidation
EH 57Amendment of assessment
EH 58Minimum refund
EH 59Deposits from which refunds come
EH 60Transfer of deposit
EH 61Meaning of adverse event maximum deposit
EH 62Other definitions
EH 63Persons to whom thinning operations income equalisation scheme applies
EH 64Thinning operations deposit
EH 65Thinning operations income equalisation account
EH 66Interest on deposits in thinning operations income equalisation account
EH 67Deduction of deposit
EH 68Refund of excess deposit
EH 69Income does not include excess deposit
EH 70Application for refund by person or liquidator
EH 71Refund on request
EH 72Income when refund given on request
EH 73Refund for development or recovery
EH 74Income when refund given for development or recovery
EH 75Refund on liquidation
EH 76Income when refund given on liquidation
EH 77Sections of main income equalisation scheme that apply to thinning operations income equalisation scheme
EH 78Meaning of thinning operations maximum deposit
EH 79Other definitions
EI 1Spreading backward of income from timber
EI 2Interest from inflation-indexed instruments
EI 3Assigning or granting copyright
EI 4Spreading income from patent rights
EI 4BConsideration for agreement to grant, renew, extend, or transfer leasehold estate or licence
EI 5Amount paid to lessor for non-compliance with covenant for repair
EI 6Amount paid for non-compliance: when lessor ceases to own land
EI 7Leases: income derived in anticipation
EI 8Disposal of land to the Crown
EI 9Matching rule for employment income of shareholder-employee
EJ 1Spreading backward of deductions for costs of timber
EJ 2Spreading forward of deductions for repairs to fishing boats
EJ 3Spreading forward of fertiliser expenditure
EJ 4Expenditure incurred in acquiring film rights in feature films
EJ 5Expenditure incurred in acquiring film rights in films other than feature films
EJ 6Certification of New Zealand films
EJ 7Film production expenditure for New Zealand films having no large budget film grant
EJ 8Film production expenditure for other films having no large budget film grant
EJ 9Avoidance arrangements
EJ 10Personal property lease payments
EJ 11Amount paid by lessee for non-compliance with covenant for repair
EJ 12Petroleum development expenditure: default allocation rule
EJ 12BPetroleum development expenditure: reserve depletion method
EJ 13Relinquishing petroleum mining permit
EJ 13BDry well drilled
EJ 13CWell not producing
EJ 14Spreading deduction backwards
EJ 15Disposal of petroleum mining asset
EJ 16Disposal of petroleum mining asset to associate
EJ 17Partnership interests and disposal of part of asset
EJ 18Petroleum mining operations outside New Zealand
EJ 19Meaning of offshore development [Repealed]
EJ 20Meaning of petroleum mining development
EJ 20BCertain mining expenditure spread over assumed life of mine
EJ 20CLength of spreading period
EJ 20DMeasurement of assumed life of mine and application to rate
EJ 20ECertain mining expenditure spread on basis of units of production
EJ 21Contributions to employees’ superannuation schemes
EJ 22Deductions for market development: product of research, development
EJ 23Allocation of deductions for research, development, and resulting market development
EK 1Environmental Restoration Funds Account
EK 2Persons who may make payment to environmental restoration account
EK 3Payments to environmental restoration account
EK 4Environmental restoration account
EK 5Details to be provided with payment to environmental restoration account
EK 6Interest on payments to environmental restoration account
EK 7Deduction for payment
EK 8Deduction for transfer
EK 9Refund of payment if excess, lacking details
EK 10Certain refunds not income
EK 11Application for refund
EK 12Refund if request or excess balance
EK 13Income when refund given on request
EK 14Application for transfer
EK 15Transfer on request
EK 16Transfer on death, bankruptcy, or liquidation
EK 17Minimum refund or transfer
EK 18Payments from which refunds come
EK 19Environmental restoration account of amalgamating company
EK 20Environmental restoration account of consolidated group company
EK 21Notices in electronic format
EK 22Meaning of maximum payment
EK 23Other definitions
EM 1Australian non-attributing shares and attributing FDR method interests
EM 2Who does this subpart apply to?
EM 3What hedges does this subpart apply to?
EM 4Irrevocable elections
EM 5Fair dividend rate hedge portions
EM 6Income and expenditure for fair dividend rate hedge portions
EM 7Quarterly test of fair dividend rate hedge portions
EM 8Some definitions
EW 1What this subpart does
EW 2Relationship of financial arrangements rules with other provisions
EW 3What is a financial arrangement?
EW 4What is not a financial arrangement?
EW 5What is an excepted financial arrangement?
EW 6Relationship between financial arrangements and excepted financial arrangements
EW 7Change from private or domestic purpose
EW 8Election to treat certain excepted financial arrangements as financial arrangements
EW 9Persons to whom financial arrangements rules apply
EW 10Financial arrangements to which financial arrangements rules apply
EW 11What financial arrangements rules do not apply to
EW 12When use of spreading method required
EW 13When use of spreading method not required
EW 14What spreading methods do
EW 15What is included when spreading methods used
EW 15BApplying IFRSs to financial arrangements
EW 15CPreparing and reporting methods
EW 15DIFRS financial reporting method
EW 15EDetermination alternatives
EW 15FExpected value method
EW 15GModified fair value method
EW 15HMandatory use of some determinations
EW 15IMandatory use of yield to maturity method for some arrangements
EW 16Yield to maturity method or alternative
EW 17Straight-line method
EW 18Market valuation method
EW 19Choice among some spreading methods
EW 20Determination method or alternative
EW 21Financial reporting method
EW 22Default method
EW 23Failure to use method for financial reporting purposes
EW 24Consistency of use of spreading method
EW 25Consistency of use of straight-line method and market valuation method
EW 25BConsistency of use of IFRS method
EW 26Change of spreading method
EW 27Spreading method adjustment formula
EW 28How base price adjustment calculated
EW 29When calculation of base price adjustment required
EW 30When calculation of base price adjustment not required
EW 31Base price adjustment formula
EW 32Consideration for agreement for sale and purchase (ASAP) of property or services, hire purchase agreement, specified option, or finance lease
EW 33Consideration for hire purchase agreement or finance lease
EW 33BForeign ASAPs: designated FX hedges
EW 33CConsideration in foreign currency: some agreements for sale and purchase
EW 34Consideration in foreign currency
EW 35Value relevant for non-financial arrangements rule
EW 36Consideration when person exits from rules: accrued entitlement
EW 37Consideration when person enters rules: accrued obligation
EW 38Consideration when disposal for no, or inadequate, consideration
EW 39Consideration affected by unfavourable factors
EW 40Consideration when person exits from rules: accrued obligation
EW 41Consideration when person enters rules: accrued entitlement
EW 42Consideration when acquisition for no, or inadequate, consideration
EW 43Consideration when debt sold at discount to associate of debtor
EW 44Consideration when debt forgiven for natural love and affection
EW 45Consideration when debtor released from obligation
EW 46Consideration when debtor released as condition of new start grant
EW 46BConsideration when party changes from fair value method
EW 47Legal defeasance
EW 48Anti-avoidance provisions
EW 49Income and deduction when debt sold at discount to associate of debtor
EW 50Income when debt forgiven to trustee
EW 51Deduction for security payment
EW 52Share supplier under share-lending arrangement
EW 53Adjustment required
EW 54Meaning of cash basis person
EW 55Effect of being cash basis person
EW 56Natural person [Repealed]
EW 57Thresholds
EW 58Financial arrangements, income, and expenditure relevant to criteria
EW 59Exclusion by Commissioner
EW 60Trustee of deceased’s estate
EW 61Election to use spreading method
EW 62When and how calculation of cash basis adjustment required
EW 63Cash basis adjustment formula
EX 1Meaning of controlled foreign company
EX 2Four categories for calculating control interests
EX 3Control interest: total of direct, indirect, and associated person interests
EX 4Limits to requirement to include associated person interests
EX 5Direct control interests
EX 6Direct control interests include options and similar rights
EX 7Indirect control interests
EX 8Income interests: total of direct and indirect interests
EX 9Direct income interests
EX 10Indirect income interests
EX 11Options and similar rights in certain cases
EX 12Reduction of total income interests
EX 13Income interests of partners [Repealed]
EX 14Attribution: 10% threshold, not PIE
EX 15Associates and 10% threshold
EX 16Income interests for certain purposes
EX 17Income interest if variations within period
EX 18AScheme for finding person’s attributed CFC income or loss
EX 18Formula for calculating attributed CFC income or loss
EX 19Taxable distribution from non-complying trust
EX 20Reduction in attributed CFC loss
EX 20BAttributable CFC amount
EX 20CNet attributable CFC income or loss
EX 20DAdjustment of cost fraction for excessively debt funded CFC
EX 20ERelative debt-asset ratio for CFC
[Repealed]
EX 21Attributable CFC amount and net attributable CFC income or loss: calculation rules
EX 21BNon-attributing active CFCs
EX 21CApplicable accounting standards for section EX 21E
EX 21DNon-attributing active CFC: default test
EX 21ENon-attributing active CFC: test based on accounting standard
EX 22Non-attributing Australian CFCs
EX 23Tax concession grey list CFCs [Repealed]
EX 24Companies moving to or from New Zealand
EX 25Change of CFC’s balance date
EX 26Use of quarterly measurement
EX 27Anti-avoidance rule: stapled stock
EX 28Meaning of FIF
EX 29Attributing interests in FIFs
EX 30Direct income interests in FIFs
EX 31Exemption for ASX-listed Australian companies
EX 32Exemption for Australian unit trusts with adequate turnover or distributions
EX 33Exemption for Australian regulated superannuation savings [Repealed]
EX 34CFC rules exemption
EX 35Exemption for interest in FIF resident in Australia
EX 36Venture capital company emigrating to grey list country: 10-year exemption
EX 37Grey list company owning New Zealand venture capital company: 10-year exemption
EX 37BShare in grey list company acquired under venture investment agreement
EX 38Exemption for employee share purchase scheme of grey list company
EX 39Terminating exemption for grey list company with numerous New Zealand shareholders [Repealed]
EX 40Foreign exchange control exemption
EX 41Income interest of non-resident or transitional resident
EX 42New resident’s accrued superannuation entitlement exemption [Repealed]
EX 42BInterests in foreign superannuation scheme other than FIF superannuation interests
EX 43Non-resident’s pension or annuity exemption
EX 44Five calculation methods
EX 45Exclusion of amounts of death benefit
EX 46Limits on choice of calculation methods
EX 47Method required for certain non-ordinary shares
EX 48Default calculation method
EX 49Accounting profits method [Repealed]
EX 50Attributable FIF income method
EX 51Comparative value method
EX 52Fair dividend rate method: usual method
EX 53Fair dividend rate method for unit-valuing funds and others by choice
EX 54Fair dividend rate method and cost method: when periods affected by share reorganisations
EX 55Deemed rate of return method
EX 56Cost method
EX 57Conversion of foreign currency amounts: most methods
EX 58Additional FIF income or loss if CFC owns FIF
EX 59Codes: comparative value method, deemed rate of return method, fair dividend rate method, and cost method
EX 60Top-up FIF income: deemed rate of return method
EX 61Top-up FIF income: 1 April 1993 uplift interests
EX 62Limits on changes of method
EX 63Consequences of changes in method
EX 64Migration of persons holding FIF interests
EX 65Changes in application of FIF exemptions
EX 66Entities emigrating from New Zealand
EX 66BEntities ceasing to be FIFs
EX 67FIF rules first applying to interest on or after 1 April 2007
EX 67BRevaluation of inherited interests in grey list companies
EX 68Measurement of cost
EX 69Change of FIF’s balance date
EX 70Market value of life policy and superannuation entitlements
EX 71Non-market transactions in FIF interests
EX 72Commissioner’s default assessment power
EX 73Election that CFC not non-attributing active CFC or FIF not non-attributing active FIF
EY 1What this subpart does
EY 2Policyholder base
EY 3Shareholder base
EY 4Apportionment of income of particular source or nature, and of tax credits
EY 5Part-year tax calculations
EY 6Actuarial advice and guidance
EY 7Meaning of claim
EY 8Meaning of life insurance
EY 9Meaning of life insurance policy
EY 10Meaning of life insurer
EY 11Superannuation schemes providing life insurance
EY 12Meaning of life reinsurance
EY 13Meaning of life reinsurance policy
EY 14Life insurance and life reinsurance: how sections relate
EY 15Policyholder base income: non-participation policies
EY 16Policyholder base allowable deductions: non-participation policies
EY 17Policyholder base income: profit participation policies
EY 18Policyholder base allowable deductions: profit participation policies
EY 19Shareholder base income: non-participation policies
EY 20Shareholder base allowable deductions: non-participation policies
EY 21Shareholder base income: profit participation policies
EY 22Shareholder base allowable deductions: profit participation policies
EY 23Reserving amounts for life insurers: non-participation policies
EY 24Outstanding claims reserving amount: non-participation policies not annuities
EY 25Premium smoothing reserving amount: non-participation policies not annuities
EY 26Unearned premium reserving amount: non-participation policies not annuities
EY 27Capital guarantee reserving amount: non-participation policies not annuities
EY 28Shareholder base other profit: profit participation policies that are existing business
EY 29Shareholder base other profit: profit participation policies that are new business
EY 30Transitional adjustments: life risk
EY 31Annuities
EY 32Mortality profit formula: when partial reinsurance exists [Repealed]
EY 33Mortality profit formula: individual result may be negative only in some cases [Repealed]
EY 34Mortality profit formula: negative result [Repealed]
EY 35How discontinuance profit is calculated [Repealed]
EY 36Discontinuance profit for income year [Repealed]
EY 37Discontinuance profit formula (existing policies) [Repealed]
EY 38Discontinuance profit formula (new policies) [Repealed]
EY 39Discontinuance profit formula (existing policies): when partial reinsurance exists [Repealed]
EY 40Discontinuance profit formula (new policies): when partial reinsurance exists [Repealed]
EY 41Discontinuance profit formulas: individual result may never be negative [Repealed]
EY 42How policyholder income is calculated [Repealed]
EY 43Policyholder income formula [Repealed]
EY 43BPolicyholder income formula: FDR adjustment [Repealed]
EY 43CPolicyholder income formula: PILF adjustment [Repealed]
EY 44Policyholder income formula: when partial reinsurance exists [Repealed]
EY 45Policyholder income formula: when life insurance business transferred [Repealed]
EY 46Income from disposal of property [Repealed]
EY 47Deductions for disposal of property [Repealed]
EY 48Non-resident life insurers with life insurance policies in New Zealand
EY 49Non-resident life insurer becoming resident
EZ 1Life insurers acquiring property before 1 April 1988
EZ 2Deductions for disposal of property: 1982–83 and 1989–90 income years
EZ 3Petroleum development expenditure from 1 October 1990 to 15 December 1991
EZ 4Valuation of livestock bailed or leased as at 2 September 1992
EZ 5Reduction: bloodstock not previously used for breeding in New Zealand: pre-1 August 2006
EZ 6Reduction: broodmare previously used for breeding in New Zealand: pre-1 August 2006
EZ 7Buying patent rights before 1 April 1993
EZ 8Premium paid on land leased before 1 April 1993
EZ 9Pool method for items accounted for by globo method for 1992–93 income year
EZ 10Pool items accounted for by globo method for 1992–93 income year
EZ 11Amounts of depreciation recovery income and depreciation loss for part business use up to 2004–05 income year
EZ 12Amount of depreciation loss for item acquired from associated person on or before 23 September 1997
EZ 13Annual rate for item acquired on or after 1 April 1993 and before end of person’s 1994–95 income year
EZ 14Pre-1993 depreciation rate
EZ 15Annual rate for excluded depreciable property: 1992–93 tax year
EZ 16Amount of depreciation loss for plant or machinery additional to section EZ 15 amount
EZ 17Additional amount of depreciation loss: between 16 December 1991 and 1 April 1994
EZ 18Section EZ 17 amount of depreciation loss when items transferred between companies in wholly-owned group before 1 April 1993
EZ 19Section EZ 17 amount of depreciation loss when person previously exempt from tax acquires item
EZ 20Adjusted tax value for software acquired before 1 April 1993
EZ 21Sections EE 45 and EE 47: permanent removal: allowance before 1 April 1995
EZ 22Base value and total deductions in section EE 56: before 1 April 1995
EZ 23Economic rate for plant or equipment acquired before 1 April 2005 and buildings acquired before 19 May 2005
EZ 23BProperty acquired after depreciable property affected by Canterbury earthquakes
EZ 23BBInterest in property acquired after depreciable property affected by Canterbury earthquakes
EZ 23CInsurance for Canterbury earthquake damage of property: deemed sale and purchase
EZ 23DInsurance for Canterbury earthquake damage of property: limit on depreciation recovery income
EZ 23EItem treated as available for use if access restricted due to Canterbury earthquake
EZ 23FInsurance for Canterbury earthquake damage causing disposal: optional timing rule for income, deductions
EZ 23GInsurance for repairs of Canterbury earthquake damage: optional timing rule for income, deductions
EZ 24Meaning of new asset
EZ 25Meaning of New Zealand-new asset
EZ 26Meaning of qualifying capital value
EZ 27Meaning of qualifying improvement
EZ 28Meaning of qualifying asset
EZ 29Private insurers under Accident Insurance Act 1998
EZ 30Base premium for 1998–99 premium year under Accident Insurance Act 1998
EZ 31Disclosure restrictions on grey list CFCs before 2011–12 [Repealed]
EZ 32Terminating exemption for grey list FIF investing in Australasian listed equities [Repealed]
EZ 32BTransitional rule for IFRS reporting [Repealed]
EZ 32CTreatment in section EX 20C of currency effects on CFC’s borrowing [Repealed]
EZ 32DValue of asset fraction: CFC with excessive debt funding and loan entered before 21 June 2012
EZ 32EChange in section EX 20B for income of CFC insurer: interest on terminal tax
EZ 32FApplicable accounting standard for section EX 21E: former generally accepted accounting practice without IFRS
EZ 33Application of old financial arrangements rules
EZ 34Election to apply financial arrangements rules in subpart EW
EZ 35Accruals in relation to income and expenditure in respect of financial arrangements
EZ 36Excepted financial arrangement that is part of financial arrangement
EZ 37Cash basis holder
EZ 38Income and expenditure where financial arrangement redeemed or disposed of
EZ 39Forgiveness of debt
EZ 40Accrued income written off
EZ 41Sale of debt to associate of debtor
EZ 42Post facto adjustment
EZ 43Variable principal debt instruments
EZ 44Relationship with rest of Act
EZ 45Application of old financial arrangements rules
EZ 46Election to treat short term trade credit as financial arrangement
EZ 47Election to continue to treat certain excepted financial arrangements as financial arrangements
EZ 48Definitions
EZ 49Determination of core acquisition price where consideration for property denominated in foreign currency
EZ 50Rules for non-market transactions
EZ 51Transitional adjustment when changing to financial arrangements rules
EZ 52References to new rules include old rules
EZ 52BConsistency of use of IFRS method: Determination G3 change allowed
EZ 52CChange of spreading method: Determination G22 to Determination G22A
EZ 52DBase price adjustment: financial arrangements to which Determination G22 and Determination G22A applied
EZ 53How expected death strain is calculated
EZ 54Expected death strain formulas
EZ 55Expected death strain formulas: option when more than 1 life insured
EZ 56Expected death strain formula (life): when annuity payable on death
EZ 57Expected death strain formulas: when annuity payable on survival to date or age specified in policy
EZ 58Expected death strain formula (life): when partial reinsurance exists
EZ 59Meaning of actuarial reserves
EZ 60Actuarial reserves: calculation
EZ 61Allowance for cancelled amount: spreading
EZ 62Reinsurance transition: life financial reinsurance may be life reinsurance
EZ 63Disposal and acquisition upon entry
EZ 64New Zealand Railways Corporation restructure: purpose and initial amounts for tax purposes
EZ 65Expenditure or loss incurred, and amounts derived
EZ 66Prepayments
EZ 67Leased assets
EZ 68Definitions
EZ 69IFRS financial reporting method: interest-free and low-interest loans
EZ 75Consideration for property or services: IFRS foreign ASAPs before 2014–15 income year
EZ 76Consideration for property or services: non-IFRS foreign ASAPs before 2014–15 income year
EZ 77Substituting debentures repeal: transitional rules
FA 1What this subpart does
FA 2Recharacterisation of certain debentures
FA 2BStapled debt securities
FA 3Recharacterisation of certain dividends: recovery of cost of shares held on revenue account
FA 4Recharacterisation of shareholder’s base: company repurchasing share
FA 5Assets acquired and disposed of after deduction of payments under lease
FA 6Recharacterisation of amounts derived under finance leases
FA 7Determining amount of loan
FA 8Deductibility of expenditure under finance lease
FA 9Treatment when lease ends: lessee acquiring asset
FA 10Treatment when lease ends: lessor acquiring asset
FA 11Adjustments for leases that become finance leases
FA 11BAdjustments for certain operating leases
FA 12Recharacterisation of amounts derived under hire purchase agreements
FA 13Agreements recharacterised as sale with finance provided
FA 14Deductibility of expenditure or loss under hire purchase agreement
FA 15Treatment when agreement ends: seller acquiring property
FA 16Treatment when agreement ends: when seller is cash basis person
FA 17Treatment when agreement ends: when buyer is cash basis person
FA 18Treatment of amounts paid in income years after agreement ends
FB 1What this subpart does
FB 2Personal property
FB 3Land acquired for certain purposes or under certain conditions
FB 4Land under scheme for major development or division
FB 5Disposal of land
FB 6Timber or right to take timber
FB 7Land with standing timber
FB 8Patent applications and patent rights
FB 9Financial arrangements rules
FB 10Continuity provisions: shares and options
FB 10BLook-through companies
FB 11Pension payments to former employees
FB 12Pension payments to former partners
FB 13Trading stock
FB 14Specified livestock
FB 15Specified livestock valued under herd scheme
FB 16Non-specified livestock
FB 17High-priced livestock
FB 18Bloodstock
FB 19Leased assets
FB 20Mining assets [Repealed]
FB 21Depreciable property
FC 1What this subpart does
FC 2Transfer at market value
FC 3Property transferred to spouse, civil union partner, or de facto partner
FC 4Property transferred to charities or to close relatives and others
FC 5Land transferred to close relatives
FC 6Forestry assets transferred to close relatives
FC 7Transfer of prepaid property
FC 8Transfer of certain financial arrangements
FE 1What this subpart does
FE 2When this subpart applies
FE 3Interest apportionment for individuals
FE 4Some definitions
FE 5Thresholds for application of interest apportionment rules
FE 6Apportionment of interest by excess debt entity
FE 6BAlternative apportionment of interest by some excess debt entities
FE 7Apportionment of interest by reporting bank
FE 8Measurement dates
FE 9Elections
FE 10Currency
FE 11Temporary increases or decreases in value
FE 12Calculation of debt percentages
FE 12BCalculations for group for test and apportionment using interest-income ratio
FE 13Financial arrangements entered into with persons outside group
FE 14Consolidation of debts and assets
FE 15Total group debt
FE 16Total group assets
FE 17Consolidation of debts and assets
FE 18Measurement of debts and assets of worldwide group
FE 19Banking group’s equity threshold
FE 20Financial value and regulatory value
FE 21Banking group’s New Zealand net equity
FE 22Notional offshore investment
FE 23Banking group’s funding debt
FE 24Regulations
FE 25New Zealand group for excess debt entity that is a company or non-resident owning body
FE 26Identifying New Zealand parent
FE 27Establishing companies under parent’s control
FE 28Identifying members of New Zealand group
FE 29Combining New Zealand groups owned by natural persons and trustees
FE 30Ownership interests in companies outside New Zealand group
FE 31Worldwide group for corporate excess debt entity if not excess debt outbound company
FE 31BWorldwide group for excess debt outbound companies
FE 31CCFCs in worldwide group for natural persons or trustees described in section FE 2(1)(g)
FE 31DWorldwide group for entity with New Zealand parent depending on non-resident owning body
FE 32Joint venture parties
FE 33New Zealand banking group
FE 34Identifying ultimate parent
FE 35Persons who may be excluded from banking groups
FE 36Identifying members of New Zealand banking group in usual case
FE 36BIdentifying members of New Zealand banking group: Crown-owned, no interest apportionment
FE 37Reporting bank for New Zealand banking group
FE 38Measuring ownership interests in companies
FE 39Direct ownership interests
FE 40Tiered ownership interests
FE 41Treatment of associated persons’ interests
[Repealed]
[Repealed]
FF 1What this subpart does [Repealed]
FF 2When interest apportionment rule applies [Repealed]
FF 3Steps required to determine treatment of excessive interest expenditure [Repealed]
[Repealed]
FF 4Threshold for application of interest apportionment rule [Repealed]
FF 5Determination of excess amount of interest expenditure of group [Repealed]
FF 6Conduit tax relief [Repealed]
FF 7Surplus to foreign dividends [Repealed]
[Repealed]
FF 8Identifying members of foreign groups [Repealed]
FF 9Calculating debt percentage of New Zealand foreign groups [Repealed]
FF 10Calculating debt percentage of consolidated foreign groups [Repealed]
FF 11Changes in foreign group membership [Repealed]
FL 1What this subpart does
FL 2Treatment of emigrating companies and their shareholders
FM 1What this subpart applies to
FM 2Consolidation rules
FM 3Liability of consolidated groups and group companies
FM 4Limiting joint and several liability of group companies
FM 5Liability when company leaves consolidated group
FM 6Some general rules for treatment of consolidated groups
FM 7Treatment of amounts derived or expenditure incurred
FM 8Transactions between group companies: income
FM 9Amounts that are company’s income
FM 10Expenditure: intra-group transactions
FM 11Expenditure: nexus with income derivation
FM 12Expenditure when deduction would be denied to consolidated group
FM 13Capital expenditure
FM 14Part-year financial statements
FM 15Amortising property and revenue account property
FM 16Land or business: certain farming or forestry expenditure
FM 17Trading stock
FM 18Financial arrangements: transfer from company A to company B
FM 19Financial arrangements: transfer for fair and reasonable consideration
FM 20Financial arrangements: transfer at market value
FM 21Property transfers when companies leave consolidated groups
FM 22Arrangements to avoid consolidation rules
FM 23Arrangements for disposal of shares
[Repealed]
FM 24General treatment of foreign dividends [Repealed]
FM 25Reduction in payments for foreign dividends [Repealed]
FM 26Using tax losses to pay FDP [Repealed]
FM 27Refunds of FDP
FM 28Refund when consolidated group has loss
FM 29Treatment of credit balance in consolidated group’s FDP account
FM 30Application of certain provisions to consolidated groups
FM 31Eligibility rules
FM 32Restriction on membership of consolidated groups
FM 33When membership is reduced
FM 34Nominated companies
FM 35Forming consolidated group
FM 36Joining existing consolidated group
FM 37Leaving consolidated group
FM 38Notice requirements on forming or joining consolidated group
FM 39Choosing to leave consolidated group
FM 40Losing eligibility or entitlement to be part of consolidated group
FM 41No nominated company
FM 42When company liquidated
FN 1When this subpart applies
FN 2Imputation rules
FN 3Liabilities of companies in imputation group
FN 4Eligibility rules
FN 5Imputation groups with reduced numbers
FN 6Nominated companies
FN 7Forming imputation groups
FN 8Trans-Tasman imputation groups and resident imputation subgroups
FN 9Joining existing imputation group
FN 10When membership of imputation group ends
FN 11Company choosing to leave imputation group
FN 12Company no longer eligible or entitled to membership
FN 13Imputation group with no nominated company
FN 14Effect of liquidation of company
FO 1What this subpart does
FO 2Amalgamation rules
FO 3Resident’s restricted amalgamations
FO 4Rights and obligations of amalgamated companies
FO 5Amalgamations and remitted liabilities
FO 6Cancellation of shares
FO 7Income derived after amalgamation
FO 8Bad debts and expenditure or loss on resident’s restricted amalgamation
FO 9Unexpired portion of prepaid expenditure
FO 10When property passes on resident’s restricted amalgamation
FO 11When property passes on amalgamation other than resident’s restricted amalgamation
FO 12Financial arrangements: resident’s restricted amalgamation, companies in wholly-owned group
FO 13Financial arrangements: resident’s restricted amalgamation, calculation method unchanged
FO 14Financial arrangements: resident’s restricted amalgamation, other cases
FO 15Financial arrangements: amalgamation other than resident’s restricted amalgamation
FO 16Amortising property
FO 17Land
FO 18When amalgamating companies are parties to financial arrangement
FO 19Calculation of outstanding accrued balance: consideration for discharge
FO 20Calculation of outstanding accrued balance: amounts remitted
FZ 1Treatment of interest payable under debentures issued before certain date
FZ 2Effect of specified lease on lessor and lessee
FZ 3Income of lessor under specified lease
FZ 4Deductions under specified leases
FZ 5Commercial bills
FZ 6Transitional valuation rule for estate property
FZ 7Valuation of group assets: insurance proceeds from Canterbury earthquake
GA 1Commissioner’s power to adjust
GA 2Commissioner’s power to adjust: fringe benefit tax
GB 1Arrangements involving dividend stripping
GB 2Arrangements involving transfer pricing
GB 3Arrangements for carrying forward loss balances: companies
GB 4Arrangements for grouping tax losses: companies
GB 5Arrangements involving trust beneficiaries
GB 6Arrangements involving qualifying companies
GB 7Arrangements involving CFC control interests
GB 8Arrangements involving attributed repatriation from CFCs
GB 9Temporary disposals of direct control or income interests
GB 10Temporary acquisitions of direct control or income interests
GB 11Temporary increases in totals for control interest categories
GB 12Temporary reductions in totals for control interest categories
GB 13When combination of changes reduces income
GB 14When combination of changes increases loss
GB 15CFC income or loss: arrangements related to quarterly measurement
GB 15BSupplies affecting default test for non-attributing active CFC
GB 15CArrangements related to accounting test for non-attributing active CFC
GB 16FIF income or loss: arrangements for measurement day concessions
GB 17Excessive amounts for film rights or production expenditure
GB 18Arrangements to acquire film rights or incur production expenditure
GB 19When film production expenditure payments delayed or contingent
GB 20Arrangements involving petroleum and mineral mining
GB 21Dealing that defeats intention of financial arrangements rules
GB 22Arrangements involving trust beneficiary income
GB 23Excessive remuneration to relatives
GB 24Exemption for genuine contracts
GB 25Close company remuneration to shareholders, directors, or relatives
GB 25BExcessive effective look-through interests
GB 26Arrangements involving repatriation of commercial bills
GB 27Attribution rule for income from personal services
GB 28Interpretation of terms used in section GB 27
GB 29Attribution rule: calculation
GB 30Arrangements to avoid taxation of restrictive covenant payments
GB 31FBT arrangements: general
GB 32Benefits provided to employee’s associates
GB 33Arrangements involving depreciation loss
GB 34ICA arrangements for carrying amounts forward
GB 35Imputation arrangements to obtain tax advantage
GB 36Reconstruction of imputation arrangements to obtain tax advantage
GB 37Arrangements for payment of dividend by other companies
GB 38When sections GB 35 to GB 37 apply to consolidated groups
GB 39FDP arrangements: general [Repealed]
GB 40BETA arrangements for carrying amounts forward [Repealed]
GB 41FDPA arrangements for carrying amounts forward
GB 42Maori authority credit arrangements to obtain tax advantage
GB 43Reconstruction of Maori authority credit arrangements to obtain tax advantage
GB 44Arrangements involving tax credits for families
GB 45Arrangements involving money not at risk
GB 46Deferral of surplus deductions from arrangements
GB 47Calculation rules for sections GB 45 and GB 46
GB 48Defined terms for sections GB 45 and GB 46
GB 49Arrangements involving returning share transfers
GB 50Arrangements involving partners
GB 51Proportionality between amount of debt and ownership interests
GC 1Disposals of trading stock at below market value
GC 2Disposals of timber rights or standing timber
GC 3Disposals by life insurers
GC 3BDisposals of emissions units
GC 4Disposals and acquisitions of FIF attributing interests
GC 4BDisposals of ETS units at below market value [Repealed]
GC 5Leases for inadequate rent
GC 6Purpose of rules and nature of arrangements
GC 7Excess amount payable by person
GC 8Insufficient amount receivable by person
GC 9Compensating arrangement: person paying less than arm’s length amount
GC 10Compensating arrangement: person receiving more than arm’s length amount
GC 11Requests for matching treatment
GC 12Effect on person’s withholding obligations
GC 13Calculation of arm’s length amounts
GC 14Definitions for sections GC 6 to GC 13
GZ 1Limitation on section GB 20: petroleum and mineral mining arrangements
GZ 2Arrangements involving cancellation of conduit tax relief credits [Repealed]
GZ 3Donations of trading stock for relief of Canterbury earthquakes
HA 1What this subpart does
HA 2Meaning of qualifying company
HA 3Meaning of loss-attributing qualifying company [Repealed]
HA 4Conditions applying
HA 5Elections to become qualifying company
HA 6Corporate requirements
HA 7Shareholding requirements
HA 7BGrandparenting requirement
HA 8Shareholders’ personal liability
HA 8BNo CFC income interests or FIF direct income interests of 10% or more
HA 9Limit on foreign non-dividend income
HA 10Nature of LAQC shares [Repealed]
HA 11When requirements no longer met: qualifying companies
HA 11BWhen requirements no longer met: LAQCs [Repealed]
HA 12Avoidance arrangements [Repealed]
HA 13Qualifying companies’ distributions
HA 14Dividends paid by qualifying companies
HA 15Fully imputed distributions
HA 16Dividends paid by qualifying companies to trustee shareholders
HA 17Dividends derived by qualifying companies
HA 18Treatment of dividends when qualifying company status ends
HA 19Credit accounts and dividend statements
HA 20Attribution of tax losses [Repealed]
HA 21Loss balances not carried forward
HA 22Group companies using tax losses
HA 23Treatment of tax losses on amalgamation
[Repealed]
HA 24Treatment of tax losses other than certain foreign losses [Repealed]
HA 25Treatment of certain foreign losses [Repealed]
HA 26Attribution when balance dates differ [Repealed]
HA 27Attribution when loss results in reduction in value of shares [Repealed]
HA 28Elections by trustee shareholders
HA 29Elections by majority shareholders
HA 30When elections take effect
HA 31Revocation of directors’ elections
HA 32Revocation of shareholders’ elections: by notice
HA 33Revocation of shareholders’ elections: by event
HA 33BTransitional rules for look-through companies, partnerships, and sole traderships
HA 34Period of grace following death of shareholder
HA 35Period of grace following revocation of election
HA 36Period of grace following revocation of joint election
HA 37Period of grace for new shareholder
[Repealed]
HA 38Elections by directors and shareholders required [Repealed]
HA 39Revocation of elections [Repealed]
HA 40Liability for qualifying company election tax
HA 41Calculating qualifying company election tax
HA 42Paying qualifying company election tax
HA 43Meaning of effective interest
HA 44Measuring effective interests
HB 1Look-through companies are transparent
HB 2Previous income and expenditure or loss
HB 3Loss balances extinguished
HB 4General provisions relating to disposals
HB 5Disposal of owner’s interests
HB 6Disposal of trading stock
HB 7Disposal of depreciable property
HB 8Disposal of financial arrangements and certain excepted financial arrangements
HB 9Disposal of short-term agreements for sale and purchase
HB 10Disposal of livestock
HB 11Limitation on deductions by persons with interests in look-through companies
HB 12Limitation on deductions by owners of look-through companies: carry-forward
HB 13LTC elections
HC 1What this subpart does
HC 2Obligations of joint trustees for calculating income and providing returns
HC 3Multiple settlements
HC 4Corpus of trust
HC 5Amounts derived by trustees
HC 6Beneficiary income
HC 7Trustee income
HC 8Amounts received after person’s death
HC 9Classifying trusts
HC 10Complying trusts
HC 11Foreign trusts
HC 12Non-complying trusts
HC 13Charitable trusts
HC 14Distributions from trusts
HC 15Taxable distributions from non-complying and foreign trusts
HC 16Ordering rule for distributions from non-complying and foreign trusts
HC 17Amounts derived as beneficiary income
HC 18Taxable distributions from foreign trusts
HC 19Taxable distributions from non-complying trusts
HC 20Distributions from complying trusts
HC 21Distributions from community trusts
HC 22Use of tax losses to reduce taxable distributions from non-complying trusts
HC 23Temporary absences of beneficiaries
HC 24Trustees’ obligations
HC 25Foreign-sourced amounts: non-resident trustees
HC 26Foreign-sourced amounts: resident trustees
HC 27Who is a settlor?
HC 28Activities treated as those of settlor
HC 29Settlors’ liability to income tax
HC 30Treatment of foreign trusts when settlor becomes resident
HC 31When existing trusts come into tax base
HC 32Liability of trustee as agent
HC 33Choosing to satisfy income tax liability of trustee
HC 34Taxable distributions from non-complying trusts
HC 35Beneficiary income of minors
HC 36Trusts and minor beneficiary rule
HC 37Testamentary trusts and minor beneficiary rule
HD 1What this subpart does
HD 2Joint liability of principal and agent for tax obligations
HD 3Agents’ duties and liabilities
HD 4Treatment of principals
HD 5Matters between principals and agents
HD 6When relationship effectively that of principal and agent
HD 7Rate and amount of tax
HD 8Circumstances giving rise to agency
HD 9Guardians
HD 10Mortgagees in possession
HD 11Nominated companies
HD 12Trusts
HD 13Unit trusts
HD 14Companies issuing debentures
HD 15Asset stripping of companies
HD 16Non-resident general insurers
HD 17Agent paying premiums to residents of Switzerland
HD 18Agency in relation to absentees generally
HD 19Persons receiving absentees’ income
HD 20Persons carrying on business for absentees
HD 20BGeneral partners and partners carrying on with or managing business involving absentees
HD 21Companies
HD 22Banking companies
HD 23Trustees of group investment funds
HD 24Shipping businesses
HD 25Persons remitting amounts outside New Zealand
HD 26Agency in relation to non-residents generally
HD 27Employers
HD 28Government pensions and payments under superannuation schemes
HD 29Persons buying goods from overseas
HE 1Income and deductions of mutual associations
HE 2Classes of mutual transaction
HE 3Association rebates
HE 4Apportionment when transactions with members and non-members
HE 5Association rebates paid by shares or credit
HF 1Maori authorities and the Maori authority rules
HF 2Who is eligible to be a Maori authority?
HF 3Applying provisions to Maori authorities
HF 4What constitutes a Maori authority distribution?
HF 5Notional distributions of co-operative companies
HF 6Tax treatment of Maori authority distributions
HF 7Taxable Maori authority distributions
HF 8Proportional allocation
HF 9Treatment of companies and trusts that choose to apply this subpart
HF 10Market value calculations
HF 11Choosing to become Maori authority
HG 1Joint venturers
HG 2Partnerships are transparent
HG 3General provisions relating to disposals
HG 4Disposal upon final dissolution
HG 5Disposal of partner’s interests
HG 6Disposal of trading stock
HG 7Disposal of depreciable property
HG 8Disposal of financial arrangements and certain excepted financial arrangements
HG 9Disposal of short-term agreements for sale and purchase
HG 10Disposal of livestock
HG 11Limitation on deductions by partners in limited partnerships
HG 12Limitation on deductions by partners in limited partnerships: carry-forward
[Repealed]
[Repealed]
HL 1Intended effect on portfolio tax rate entities and investors [Repealed]
HL 2Scheme of subpart [Repealed]
[Repealed]
HL 3Eligibility requirements for entities [Repealed]
HL 4Effect of failure to meet eligibility requirements for entities [Repealed]
HL 5Foreign investment vehicles [Repealed]
HL 5BMeaning of investor and portfolio investor class [Repealed]
HL 5CIncome interest requirement [Repealed]
HL 6Investor membership requirement [Repealed]
HL 7Investor return adjustment requirement: portfolio tax rate entity [Repealed]
HL 8Imputation credit distribution requirement: portfolio listed company [Repealed]
HL 9Investor interest size requirement [Repealed]
HL 10Further eligibility requirements relating to investments [Repealed]
[Repealed]
HL 11Election to become portfolio investment entity and cancellation of election [Repealed]
HL 12Unlisted company choosing to become portfolio listed company [Repealed]
HL 13Becoming portfolio investment entity [Repealed]
HL 14Tax consequences from transition [Repealed]
HL 15Ceasing to be portfolio investment entity [Repealed]
[Repealed]
HL 16Portfolio allocation period and portfolio calculation period [Repealed]
[Repealed]
HL 17Treatment of income from interest when entitlement conditional or lacking [Repealed]
HL 18Certain new investors treated as part of existing portfolio investor class [Repealed]
[Repealed]
HL 19Portfolio class net income and portfolio class net loss for portfolio allocation period [Repealed]
HL 19BTreatment of certain provisions made by portfolio tax rate entity [Repealed]
HL 20Portfolio class taxable income and portfolio class taxable loss for portfolio allocation period [Repealed]
HL 21Portfolio entity tax liability and tax credits of portfolio tax rate entity for period [Repealed]
[Repealed]
HL 22Payments of tax by portfolio tax rate entity making no election [Repealed]
HL 23Payments of tax by portfolio tax rate entity choosing to pay provisional tax [Repealed]
HL 24Payments of tax by portfolio tax rate entity choosing to make payments when investor leaves [Repealed]
HL 25Optional payments of tax by portfolio tax rate entities [Repealed]
[Repealed]
HL 26Portfolio investor allocated income and portfolio investor allocated loss [Repealed]
HL 27Treatment of portfolio investor allocated loss for zero-rated portfolio investors and investors with portfolio investor exit period [Repealed]
[Repealed]
HL 28Treatment of portfolio investor allocated loss for other investors [Repealed]
HL 29Credits received by portfolio tax rate entity or portfolio investor proxy [Repealed]
[Repealed]
HL 30Portfolio entity formation loss [Repealed]
HL 31Portfolio class taxable income and portfolio class taxable loss for tax year [Repealed]
HL 32Treatment of portfolio class taxable loss and portfolio class land loss for tax year [Repealed]
[Repealed]
HL 33Portfolio investor proxies [Repealed]
HM 1Outline of subpart and relationship with other Parts
HM 2What is a portfolio investment entity?
HM 3Foreign PIE equivalents
HM 4Who is an investor?
HM 5What is an investor class?
HM 6Intended effects for multi-rate PIEs and investors
HM 6BOptional look-through rules for certain PIEs
HM 7Requirements
HM 8Residence in New Zealand
HM 9Collective schemes
HM 10Exclusion: life insurance business
HM 11Investment types
HM 12Income types
HM 13Maximum shareholdings in investments
HM 14Minimum number of investors
HM 15Maximum investor interests
HM 16Associates combined
HM 17Same rights to all investment proceeds
HM 18Requirements for listed PIEs: unlisted companies
HM 19Requirements for listed PIEs: fully crediting distributions
HM 19BModified rules for foreign investment zero-rate PIEs
HM 19CModified rules for foreign investment variable-rate PIEs
HM 20Re-entering as PIE: 5-year rule
HM 21Exceptions for certain investors
HM 22Exceptions for certain funds
HM 23Exceptions for foreign PIE equivalents
HM 24Immediate loss of PIE status
HM 25When entity no longer meets investment or investor requirements
HM 26Starting life insurance business
HM 27When multi-rate PIE no longer meets investor interest adjustment requirements
HM 28When listed PIE no longer meets crediting requirement
HM 29Choosing to cancel status
HM 30When foreign PIE equivalent no longer meets requirements
HM 31Rules for multi-rate PIEs
HM 32Rules for and treatment of investors in multi-rate PIEs
HM 33Proxies for PIE investors
HM 34Attribution periods
HM 35Determining net amounts and taxable amounts
HM 35BTreatment of certain provisions made by multi-rate PIEs
HM 35CDetermining amounts for notified foreign investors
HM 36Calculating amounts attributed to investors
HM 37When income cannot be attributed
HM 38When superannuation fund investor has conditional entitlement
HM 39New investors in existing investor classes
HM 40Deductions for attributed PIE losses for zero-rated and exiting investors
HM 41Options for calculation and payment of tax
HM 42Exit calculation option
HM 42BPart-year tax calculations for PIEs under the exit calculation option for the 2010–11 tax year
HM 43Quarterly calculation option
HM 44Provisional tax calculation option
HM 44BNRWT calculation option
HM 45Voluntary payments
HM 46Calculation process
HM 47Calculation of tax liability or tax credit of multi-rate PIEs
HM 48Adjustments to investor interests or to distributions
HM 49Tax credits: when sections HM 50 to HM 55 apply
HM 50Attributing credits to investors
HM 51Use of foreign tax credits by PIEs
HM 52Use of foreign tax credits by zero-rated and certain exiting investors
HM 53Use of tax credits other than foreign tax credits by PIEs
HM 54Use of tax credits other than foreign tax credits by investors
HM 55Tax credits for losses
HM 55CModified source rules
HM 55DRequirements for investors in foreign investment PIEs
HM 55EChanges in status of investors in foreign investment PIEs
HM 55FTreatment of income attributed to notified foreign investors
HM 55FBNotified foreign investors and tax credits for supplementary dividends
HM 55GAllowable amounts and thresholds for income with New Zealand source
HM 55HTreatment when certain requirements for foreign investment PIEs not met
HM 56Prescribed investor rates: schedular rates
HM 57Prescribed investor rates for certain investors: 0%
HM 57BPrescribed investor rates for new residents
HM 58Transition of rate for certain investors
HM 59Prescribed investor rates for certain investors: 0% [Repealed]
HM 60Notified investor rates
HM 61Certain exiting investors zero-rated
HM 62Exit levels for investors
HM 63Exit periods
HM 64Use of investor classes’ losses
HM 65Use of land losses of investor classes
HM 66Formation losses carried forward to tax year
HM 67Formation losses carried forward to first quarter
HM 68When formation losses carried forward are less than 5% of formation investment value
HM 69When formation losses carried forward are 5% or more of formation investment value: 3-year spread
HM 70Maximum amount of formation losses allocated by multi-rate PIEs to investor classes
HM 71Choosing to become PIE
HM 71BChoosing to become foreign investment PIE
HM 72When elections take effect
HM 73Transition: provisional tax
HM 74Transition: entities with non-standard income years
HM 75Transition: treatment of shares held in certain companies
HM 76Transition: FDPA companies
[Repealed]
HR 1Partnerships and joint ventures [Repealed]
HR 2Group investment funds
HR 3Definitions for section HR 2: group investment funds
HR 4Government Superannuation Fund
HR 4BCrown activities through New Zealand Superannuation Fund
HR 5Airport operators: general
HR 6Airport operator’s assets
HR 7Meaning of airport operator’s activities
HR 8Transitional residents
HR 9Financial institution special purpose vehicles are transparent
HR 9BBankruptcy-remote property during application of section HR 9
HR 10What happens when vehicle stops being financial institution special purpose vehicle?
HR 11Non-exempt charities: initial tax base
HR 12Non-exempt charities: taxation of tax-exempt accumulation
HZ 1Distributions from trusts of pre-1989 tax reserves
HZ 2Trusts that may become complying trusts
HZ 3Special partnerships: transition into limited partnerships and limited partnerships deduction rules
HZ 4Overseas limited partnerships: transition into limited partnerships deduction rules
HZ 4BQualifying companies: transition into partnership
HZ 4CQualifying companies: transition into look-through companies
HZ 4DQualifying companies: transition into sole traderships
HZ 5Transitional provisions for PIE rules
HZ 6Saving of binding rules relating to portfolio investment entities
HZ 7Saving of binding rulings relating to settlements on trusts
IA 1What this subpart does
IA 2Tax losses
IA 3Using tax losses in tax year
IA 4Using loss balances carried forward to tax year
IA 5Restrictions on companies’ loss balances carried forward
IA 6Restrictions on companies grouping tax losses
IA 7Restrictions relating to ring-fenced tax losses
IA 8Restrictions relating to schedular income
IA 9Ordering rules
IA 10Amended assessments
IC 1Company A making tax loss available to company B
IC 2Threshold levels for grouping tax losses in tax year
IC 3Common ownership: group of companies
IC 4Common ownership: wholly-owned groups of companies
IC 5Company B using company A’s tax loss
IC 6Common ownership for period
IC 7Residence of company A
IC 8Limitations on amounts used
IC 9Date for payment and notice to Commissioner
IC 10When companies have different balance dates
IC 11Reduction of amounts used by companies
IC 12Bad debts or decline in value of shares
IC 13Variation of requirements for development companies in Niue
ID 1Treatment of tax losses by consolidated groups
ID 2Pre-consolidation losses: general treatment
ID 3Pre-consolidation losses: use by group companies
ID 4Pre-consolidation losses on entry: part-year rule
ID 5Pre-consolidation losses on exit: part-year rule
IE 1When this subpart applies
IE 2Treatment of tax losses by amalgamating company
IE 3Treatment of tax losses by amalgamated company
IE 4Group companies’ treatment of tax losses on amalgamation
IE 5Applying the continuity provisions when companies amalgamate
IP 1When this subpart applies
IP 2Group companies’ common span
IP 3Continuity breach: tax loss components of companies carried forward
IP 4Breach in income year in which tax loss component arises
IP 5Breach in tax year in which loss balance is grouped
IP 6Financial statements required
IP 7Notices required
IQ 1AWhen this subpart applies
IQ 1General treatment
IQ 1BLosses carried forward to tax year
IQ 2Ring-fencing cap on attributed CFC net losses
IQ 2BEffect of attributed CFC net loss and FIF net loss from before first affected year
IQ 2CEffect of FIF net loss if attributed FIF income method not available
IQ 3Ring-fencing cap on FIF net losses
IQ 4Group companies using attributed CFC net losses
IQ 5Group companies using FIF net losses [Repealed]
IQ 6Pre-consolidation losses: general treatment
IQ 7When group membership lacking in loss period
IQ 8When group membership lacking in tax year of use
IQ 9When attributed CFC net loss becomes FIF net loss
IS 1General treatment of mineral miners’ net losses
IS 2Treatment of net losses resulting from certain expenditure
IS 3Holding companies’ tax losses [Repealed]
IS 4Adjustments in certain circumstances [Repealed]
IS 5Petroleum miners’ tax losses
IS 6When company stops being mineral miner
IT 1Cancellation of life insurer’s policyholder net losses
IT 2Cancellation of life insurer’s tax loss when allowed into policyholder base
[Repealed]
IV 1Supplementary dividend holding companies [Repealed]
IW 1Shortfall penalties
IZ 1Use of specified activity net losses
IZ 2Petroleum mining companies: treatment of payments from shareholders
IZ 3Petroleum mining companies: use of loss balances
IZ 4Tax losses for tax years before 1977–78 tax year
IZ 5Companies’ tax losses for tax years before 1991–92 tax year
IZ 6Companies’ tax losses for 1990–91 and 1991–92 tax years
IZ 7Grouping tax losses for tax years before 1981–82 and between 1981–82 and 1991–92
LA 1What this Part does
LA 2Satisfaction of income tax liability
LA 3When total tax credit less than or equal to income tax liability
LA 4When total tax credit more than income tax liability
LA 5Treatment of remaining credits
LA 6Remaining refundable credits: PAYE, RWT, and certain other items
LA 7Remaining refundable credits: tax credits under social policy schemes
LA 8Remaining refundable credits: non-resident withholding tax
LA 8BGeneral rules particular to life insurers
LA 9Use of tax credits
LA 10Meaning of tax credit
LB 1Tax credits for PAYE income payments
LB 2Tax credits for provisional tax payments
LB 3Tax credits for resident withholding tax
LB 4Tax credits for families
LB 5Tax credits for non-resident withholding tax
LB 6Tax credits for RSCT
LB 7Tax credits related to personal service rehabilitation payments: providers
LB 8Tax credits related to personal service rehabilitation payments: payers
[Repealed]
LC 1When net income under low income amount [Repealed]
LC 2When net income in low income abatement range [Repealed]
[Repealed]
LC 3Child’s income [Repealed]
[Repealed]
LC 4Tax credits for transitional circumstances [Repealed]
LC 5Meaning of engaged in full-time work [Repealed]
[Repealed]
LC 6Tax credits for housekeeping [Repealed]
LC 7Meaning of housekeeper [Repealed]
LC 8Some definitions [Repealed]
[Repealed]
LC 9Tax credits for absentees [Repealed]
[Repealed]
LC 10Adjustment for change in return date [Repealed]
LC 11Adjustment when person is non-resident for part of tax year [Repealed]
LC 12Assessment when person is non-resident [Repealed]
LC 13Tax credits for independent earners
LD 1Tax credits for charitable or other public benefit gifts
LD 2Exclusions
LD 3Meaning of charitable or other public benefit gift
LD 4Tax credits for payroll donations
LD 5Calculating amount of tax credit and filing particulars
LD 6When donation is paid to ineligible recipient
LD 7When donation returned to person
LD 8Meaning and ranking of payroll donation
LE 1Tax credits for imputation credits
LE 2Use of remaining credits by companies and trustees
LE 2BUse of remaining credits by life insurer on policyholder base
LE 3Use of remaining credits by others
LE 4Trustees for minor beneficiaries
LE 5Beneficiaries of trusts
LE 6Partners in partnerships
LE 7Credit transfer notices
LE 7BCredit of RSCT for imputation credit
LE 8Application of imputation ratio
LE 8BDividends from certain FIF interests
LE 9Application of combined imputation and FDP ratio
LE 10When income tax unpaid
LE 11Evidential requirements
LF 1Tax credits for FDP credits
LF 2Trustees for minor beneficiaries
LF 3Beneficiaries of trusts
LF 4Partners in partnerships
LF 5Credit transfer notices
LF 6Application of FDP ratio
LF 7Application of combined imputation and FDP ratio
LF 8Credits for persons who are non-resident or who receive exempt income
LF 9When income tax unpaid
LF 10Evidential requirements
LH 1Who this subpart applies to [Repealed]
LH 2Tax credits relating to expenditure on research and development [Repealed]
LH 3Requirements [Repealed]
LH 4Calculation of amount of credit [Repealed]
LH 5Adjustments to eligible expenditure [Repealed]
LH 6Research and development activities outside New Zealand [Repealed]
LH 7Research and development activities and related terms
LH 8Orders in Council [Repealed]
LH 9Internal software development: general [Repealed]
LH 10Internal software development: no associated internal software developer [Repealed]
LH 11Internal software development: associated internal software developer with same income year [Repealed]
LH 12Internal software development: associated internal software developer with different income year [Repealed]
LH 13Internal software development: limit [Repealed]
LH 14Treatment of depreciation loss for certain depreciable property [Repealed]
LH 14BRecovery of overpaid tax credit
LH 15Listed research providers [Repealed]
LH 16