Taxation (Limited Partnerships) Act 2008

Taxation (Limited Partnerships) Act 2008

Public Act2008 No 2
Date of assent13 March 2008
Commencementsee section 2

Contents

1 Title

2 Commencement

Part 1
Amendments to Income Tax Act 2007

3 Income Tax Act 2007

4 New section CB 27B

5 New heading and section CB 35 added

Partners and partnerships

6 Meaning of asset for sections CU 3 to CU 10

7 Amount treated as repayment for purposes of section CU 17: net income

8 New heading and section CW 55B added

Partners and partnerships

9 New heading and section CX 62 added

Partners and partnerships

10 New heading and section DV 20 added

Partners and partnerships

11 New section DO 11B inserted

12 Meaning of asset for sections DU 1 to DU 7

13 Financial arrangements, income, and expenditure relevant to criteria

14 Section EX 13 repealed

15 Cash basis holder

16 Attribution rule: calculation

17 New heading and section GB 50 added

Arrangements involving partners

18 Section HD 20 replaced

19 New subpart HG

Joint venturers

Partners and partnerships

20 Section HR 1 repealed

21 New sections HZ 3 and HZ 4

22 When unincorporated bodies hold certificates

23 Definitions

24 Partnerships: partnership and partner

25 Partnerships: partnership and associate of partner

26 Classes of income treated as having New Zealand source

Part 2
Amendments to other revenue Acts

Tax Administration Act 1994

27 Tax Administration Act 1994

28 Keeping of business records

29 Section 42 replaced

Goods and Services Tax Act 1985

30 Interpretation

Legislative history


The Parliament of New Zealand enacts as follows: