Taxation (Residential Land Withholding Tax, GST on Online Services, and Student Loans) Bill

  • enacted
39 New section LB 6B inserted (Tax credits for RLWT)

After section LB 6, insert:

LB 6B Tax credits for RLWT

A person has a tax credit, for athe tax year corresponding to an income year in which they dispose of residential land, equal to the amount of RLWT paid in relation to that residential land that they have disposed of.

Defined in this Act: amount, dispose, income year, residential land, RLWT, tax credit, tax year