| A 1 |
Title |
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| A 2 |
Commencement |
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| AA 1 |
Purpose of Act |
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| AA 2 |
Interpretation |
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| AA 3 |
Definitions |
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| AA 4 |
Crown bound |
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| BA 1 |
Purpose |
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| BB 1 |
Imposition of income tax |
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| BB 2 |
Main obligations |
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| BB 3 |
Overriding effect of certain matters |
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| BC 1 |
Non-filing and filing taxpayers |
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| BC 2 |
Annual gross income |
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| BC 3 |
Annual total deduction |
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| BC 4 |
Net income and net loss |
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| BC 5 |
Taxable income |
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| BC 6 |
Income tax liability of filing taxpayer |
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| BC 7 |
Income tax liability of person with schedular income |
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| BC 8 |
Satisfaction of income tax liability |
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| BD 1 |
Income, exempt income, excluded income, non-residents’ foreign-sourced income, and assessable income |
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| BD 2 |
Deductions |
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| BD 3 |
Allocation of income to particular income years |
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| BD 4 |
Allocation of deductions to particular income years |
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| BE 1 |
Withholding liabilities |
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| BF 1 |
Other obligations |
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| BG 1 |
Tax avoidance |
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| BH 1 |
Double tax agreements |
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| CA 1 |
Amounts that are income |
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| CA 2 |
Amounts that are exempt income or excluded income |
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| CB 1 |
Amounts derived from business |
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| CB 2 |
Amounts received on disposal of business assets that include trading stock |
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| CB 3 |
Profit-making undertaking or scheme |
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| CB 4 |
Personal property acquired for purpose of disposal |
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| CB 5 |
Business of dealing in personal property |
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| CB 6A |
Disposal within 5 years: bright-line test for residential land |
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| CB 6 |
Disposal: land acquired for purpose or with intention of disposal |
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| CB 7 |
Disposal: land acquired for purposes of business relating to land |
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| CB 8 |
Disposal: land used for landfill, if notice of election |
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| CB 9 |
Disposal within 10 years: land dealing business |
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| CB 10 |
Disposal within 10 years: land development or subdivision business |
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| CB 11 |
Disposal within 10 years of improvement: building business |
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| CB 12 |
Disposal: schemes for development or division begun within 10 years |
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| CB 13 |
Disposal: amount from major development or division and not already in income |
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| CB 14 |
Disposal: amount from land affected by change and not already in income |
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| CB 15 |
Transactions between associated persons |
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| CB 15B |
When land acquired |
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| CB 15C |
Council-controlled organisations and other companies |
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| CB 15D |
Housing New Zealand Corporation and wholly-owned group |
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| CB 16A |
Main home exclusion for disposal within 5 years |
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| CB 16 |
Residential exclusion from sections CB 6 to CB 11 |
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| CB 17 |
Residential exclusion from sections CB 12 and CB 13 |
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| CB 18 |
Residential exclusion from section CB 14 |
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| CB 19 |
Business exclusion from sections CB 6 to CB 11 |
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| CB 20 |
Business exclusion from sections CB 12 and CB 13 |
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| CB 21 |
Farm land exclusion from sections CB 12 and CB 13 |
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| CB 22 |
Farm land exclusion from section CB 14 |
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| CB 23 |
Investment exclusion from sections CB 12 and CB 13 |
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| CB 23B |
Land partially disposed of or disposed of with other land |
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| CB 24 |
Disposal of timber or right to take timber |
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| CB 25 |
Disposal of land with standing timber |
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| CB 26 |
Disposal of certain shares by portfolio investment entities |
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| CB 27 |
Income equalisation schemes |
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| CB 27B |
Entering partners’ livestock income [Repealed]
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| CB 28 |
Environmental restoration accounts |
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| CB 29 |
Disposal of minerals |
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| CB 30 |
Disposal of patent applications or patent rights |
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| CB 31 |
Disposal of business: transferred employment income obligations |
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| CB 32 |
Property obtained by theft |
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| CB 32B |
Owners of look-through companies |
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| CB 32C |
Dividend income for first year of look-through company |
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| CB 33 |
Amounts derived by mutual associations |
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| CB 34 |
Amounts derived by members from mutual associations |
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| CB 35 |
Amounts of income for partners |
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| CB 36 |
Disposal of emissions units |
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| CC 1 |
Land |
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| CC 1B |
Consideration relating to grant, renewal, extension, or transfer of leasehold estate or licence |
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| CC 1C |
Consideration for agreement to surrender leasehold estate or terminate licence |
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| CC 2 |
Non-compliance with covenant for repair |
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| CC 3 |
Financial arrangements |
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| CC 4 |
Payments of interest |
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| CC 5 |
Annuities |
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| CC 6 |
Prizes received under Building Societies Act 1965 |
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| CC 7 |
Consideration other than in money |
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| CC 8 |
Use of money interest payable by Commissioner |
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| CC 8B |
Certain commercial bills: non-resident holders |
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| CC 9 |
Royalties |
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| CC 10 |
Films |
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| CC 11 |
Lessee acquiring lease asset on expiry of term of lease |
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| CC 12 |
Lessor acquiring lease asset on expiry of term of lease |
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| CC 13 |
Amounts paid in income years after hire purchase agreement ends |
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| CD 1 |
Dividend |
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| CD 2 |
Distribution excluded from being dividend |
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| CD 3 |
Meaning of dividend |
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| CD 4 |
Transfers of value generally |
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| CD 5 |
What is a transfer of value? |
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| CD 6 |
When is a transfer caused by a shareholding relationship? |
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| CD 7 |
Bonus issues in lieu of dividend |
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| CD 7B |
Shares issued under profit distribution plans |
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| CD 8 |
Elections to make bonus issue into dividend |
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| CD 9 |
Interests in money or property of foreign unit trust |
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| CD 10 |
Bonus issue by foreign unit trust instead of money or property |
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| CD 11 |
Avoidance arrangements |
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| CD 12 |
Superannuation schemes entering trust rules |
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| CD 13 |
Notional distributions of producer boards and co-operative companies |
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| CD 14 |
Notional distributions of emigrating companies |
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| CD 15 |
Tax credits linked to dividends |
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| CD 16 |
Certain dividends not increased by tax credits |
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| CD 17 |
Credit transfer notice |
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| CD 18 |
Dividend reduced if foreign tax paid on company’s income |
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| CD 19 |
Foreign tax credits and refunds linked to dividends |
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| CD 20 |
Benefits of shareholder-employees or directors |
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| CD 21 |
Attributed repatriations from controlled foreign companies [Repealed]
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| CD 22 |
Returns of capital: off-market share cancellations |
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| CD 23 |
Ordering rule and slice rule |
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| CD 23B |
Returns of capital: shares repurchased under profit distribution plans |
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| CD 24 |
Returns of capital: on-market share cancellations |
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| CD 25 |
Treasury stock acquisitions |
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| CD 26 |
Capital distributions on liquidation or emigration |
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| CD 27 |
Property made available intra-group |
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| CD 28 |
Transfers of certain excepted financial arrangements within wholly-owned groups |
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| CD 29 |
Non-taxable bonus issues |
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| CD 29B |
Issues to shareholders of rights to subscribe for or sell back shares |
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| CD 29C |
Transfers to shareholders by ASX-listed Australian company of shares in subsidiary |
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| CD 30 |
Transfer by unit trust of legal interest after beneficial interest vests |
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| CD 31 |
Flat-owning companies |
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| CD 32 |
Employee benefits |
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| CD 33 |
Payments corresponding to notional distributions of producer boards and co-operative companies |
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| CD 34 |
Distribution to member of co-operative company based on member’s transactions [Repealed]
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| CD 34B |
Distributions to members of co-operative companies |
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| CD 35 |
Resident’s restricted amalgamations |
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| CD 36 |
Foreign investment fund income |
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| CD 36B |
Foreign superannuation withdrawals and pensions from foreign superannuation scheme |
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| CD 37 |
Maori authority distributions |
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| CD 38 |
General calculation rule for transfers of value |
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| CD 39 |
Calculation of amount of dividend when property made available |
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| CD 40 |
Adjustment if dividend recovered by company |
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| CD 41 |
Adjustment if amount repaid later |
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| CD 42 |
Adjustment if additional consideration paid |
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| CD 43 |
Available subscribed capital (ASC) amount |
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| CD 44 |
Available capital distribution amount |
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[Repealed]
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| CD 45 |
When does a person have attributed repatriation from a controlled foreign company? [Repealed]
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| CD 46 |
New Zealand repatriation amount [Repealed]
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| CD 47 |
New Zealand property amount [Repealed]
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| CD 48 |
Cost of tangible property [Repealed]
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| CD 49 |
Cost of associated party equity [Repealed]
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| CD 50 |
Outstanding balances of financial arrangements [Repealed]
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| CD 51 |
Property transfers between associated persons [Repealed]
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| CD 52 |
Unrepatriated income balance [Repealed]
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| CD 53 |
Prevention of double taxation of share cancellation dividends |
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| CD 54 |
Replacement payments |
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| CE 1 |
Amounts derived in connection with employment |
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| CE 1B |
General rule: accommodation provided by employers |
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| CE 1C |
Exception: overseas accommodation |
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| CE 1D |
Exception: accommodation provided by Defence Force |
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| CE 1E |
Exception: accommodation provided to ministers of religion |
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| CE 2 |
Benefits under employee share schemes |
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| CE 3 |
Restrictions on disposal of shares under share purchase agreements [Repealed]
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| CE 4 |
Adjustments to value of benefits under share purchase agreements [Repealed]
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| CE 5 |
Meaning of expenditure on account of an employee |
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| CE 6 |
Trusts are nominees |
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| CE 7 |
Meaning of employee share scheme |
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| CE 7B |
Meaning of share scheme taxing date |
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| CE 7C |
Meaning of employee share scheme beneficiary |
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| CE 7D |
Meaning of replacement employee share scheme |
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| CE 8 |
Attributed income from personal services |
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| CE 9 |
Restrictive covenants |
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| CE 10 |
Exit inducements |
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| CE 11 |
Proceeds from claims under policies of income protection insurance |
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| CE 12 |
Tax credits for personal service rehabilitation payments |
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| CF 1 |
Benefits, pensions, compensation, and government grants |
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| CF 2 |
Remission of specified suspensory loans |
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| CF 3 |
Withdrawals from foreign superannuation scheme |
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| CG 1 |
Amount of depreciation recovery income |
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| CG 2 |
Remitted amounts |
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| CG 2B |
Remitted amounts on discharge from bankruptcy [Repealed]
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| CG 2C |
Remitted and other amounts: companies in liquidation |
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| CG 2D |
Remitted and other amounts: companies leaving groups |
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| CG 2E |
Remitted and other amounts: income apportionment |
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| CG 3 |
Bad debt repayment |
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| CG 4 |
Receipts for expenditure or loss from insurance, indemnity, or otherwise |
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| CG 5 |
Recoveries or receipts by employers from superannuation schemes |
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| CG 5B |
Receipts from insurance, indemnity, or compensation for interruption or impairment of business activities |
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| CG 6 |
Receipts from insurance, indemnity, or compensation for trading stock |
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| CG 7 |
Recoveries after deduction of payments under lease |
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| CG 7B |
Disposals or applications after earlier deductions |
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| CG 7C |
Disposal or rerecognition of derecognised non-depreciable assets |
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| CG 8 |
Capital contributions |
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| CG 8B |
Recoveries after deductions for high-priced bloodstock removed from New Zealand |
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| CG 8C |
Recoveries after deductions for high-priced bloodstock disposed of to non-residents |
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| CG 9 |
Recovery of deductions for aircraft engine overhaul |
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| CH 1 |
Adjustment for closing values of trading stock, livestock, and excepted financial arrangements |
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| CH 2 |
Adjustment for prepayments |
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| CH 3 |
Adjustment for deferred payment of employment income |
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| CH 4 |
Adjustment for change to accounting practice |
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| CH 5 |
Adjustment for GST |
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| CH 6 |
Adjustments for certain finance and operating leases |
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| CH 7 |
Adjustment for avoidance arrangements |
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| CH 8 |
Market value substituted |
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| CH 9 |
Interest apportionment: excess debt entity |
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| CH 10 |
Interest apportionment: reporting bank |
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| CH 10B |
Interest apportionment: public project debt |
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| CH 11 |
Te Awa Tupua and Te Pou Tupua |
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| CH 12 |
Income from hybrid mismatch arrangement |
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| CO 1 |
Income from voluntary activities |
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| CP 1 |
Attributed income of investors in multi-rate PIEs |
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| CQ 1 |
Attributed controlled foreign company income |
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| CQ 2 |
When attributed CFC income arises |
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| CQ 3 |
Calculation of attributed CFC income |
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| CQ 4 |
Foreign investment fund income |
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| CQ 5 |
When FIF income arises |
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| CQ 6 |
Calculation of FIF income |
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| CQ 7 |
Treatment of attributing interests subject to returning share transfer [Repealed]
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| CR 1 |
Policyholder base income of life insurer |
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| CR 2 |
Shareholder base income of life insurer |
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| CR 3 |
Income of non-resident general insurer |
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| CR 3B |
Lloyd’s of London: income from life insurance premiums |
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| CR 4 |
Income for general insurance outstanding claims reserve |
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[Repealed]
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[Repealed]
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| CS 1 |
Withdrawals [Repealed]
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[Repealed]
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| CS 2 |
Exclusions of withdrawals of various kinds [Repealed]
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| CS 3 |
Exclusion of withdrawal on grounds of hardship [Repealed]
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| CS 4 |
Exclusion of withdrawal to settle division of relationship property [Repealed]
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| CS 5 |
Exclusion of withdrawal paid as annuity or pension [Repealed]
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| CS 6 |
Exclusion of withdrawal on partial retirement [Repealed]
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| CS 7 |
Exclusion of withdrawal when member ends employment [Repealed]
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| CS 8 |
Exclusion of withdrawal when member ends employment: lock-in rule [Repealed]
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| CS 9 |
Exclusion of withdrawal from defined benefit fund when member ends employment [Repealed]
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| CS 10 |
When member treated as not ending employment [Repealed]
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| CS 10B |
Exclusion of permitted withdrawals from KiwiSaver schemes and complying superannuation funds [Repealed]
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[Repealed]
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| CS 11 |
Transfer by superannuation fund to another superannuation fund [Repealed]
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| CS 12 |
Transfer from superannuation scheme to superannuation fund [Repealed]
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| CS 13 |
Investment by superannuation fund in another superannuation fund [Repealed]
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[Repealed]
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| CS 14 |
Superannuation fund becomes superannuation scheme [Repealed]
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| CS 15 |
Superannuation fund becomes foreign superannuation scheme [Repealed]
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| CS 16 |
Superannuation scheme becomes superannuation fund [Repealed]
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[Repealed]
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| CS 17 |
Superannuation fund wound up [Repealed]
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[Repealed]
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| CS 18 |
Value of loan treated as fund income [Repealed]
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| CT 1 |
Disposal of exploratory material or petroleum mining asset |
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| CT 2 |
Damage to assets |
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| CT 3 |
Exploratory well used for commercial production |
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| CT 4 |
Partnership interests and disposal of part of asset |
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| CT 5 |
Petroleum mining operations outside New Zealand |
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| CT 5B |
Resuming commercial production |
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| CT 6 |
Meaning of petroleum miner |
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| CT 6B |
Meaning of petroleum mining operations |
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| CT 7 |
Meaning of petroleum mining asset |
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| CU 1 |
Mineral miner’s income |
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| CU 2 |
Treatment of mining land |
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| CU 3 |
Disposal of mineral mining assets |
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| CU 4 |
Recovery of certain expenditure |
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| CU 5 |
Partnership interests and disposal of part of asset |
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| CU 6 |
Meaning of mineral miner |
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| CU 7 |
Some definitions |
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| CU 8 |
Meaning of listed industrial mineral |
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| CU 9 |
Some definitions |
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| CU 10 |
Mining asset used to derive income other than income from mining [Repealed]
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| CU 11 |
Meaning of asset for sections CU 3 to CU 10 [Repealed]
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| CU 12 |
Application of sections to resident mining operators [Repealed]
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| CU 13 |
Application of sections to non-resident mining operators [Repealed]
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| CU 14 |
Recovery of reinvestment profit on disposal of mining shares [Repealed]
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| CU 15 |
Recovery of reinvestment profit not used for mining purposes [Repealed]
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| CU 16 |
Recovery of reinvestment profit on repayment of loans [Repealed]
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| CU 17 |
Repayment by mining company of amount written off [Repealed]
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| CU 18 |
Amount treated as repayment for purposes of section CU 17: excess [Repealed]
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| CU 19 |
Amount treated as repayment for purposes of section CU 17: net income [Repealed]
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| CU 20 |
Mining company or mining holding company liquidated [Repealed]
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[Repealed]
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| CU 21 |
Meaning of income from mining [Repealed]
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| CU 22 |
Meaning of mining company [Repealed]
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| CU 23 |
Meaning of mining development expenditure [Repealed]
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| CU 24 |
Meaning of mining exploration expenditure [Repealed]
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| CU 25 |
Meaning of mining operations [Repealed]
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| CU 26 |
Meaning of mining venture [Repealed]
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| CU 27 |
Meaning of resident mining operator [Repealed]
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| CU 28 |
Meaning of specified mineral [Repealed]
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| CU 29 |
Other definitions [Repealed]
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| CV 1 |
Group companies |
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| CV 2 |
Consolidated groups: income of company in group |
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| CV 3 |
Consolidated groups: arrangement for disposal of shares |
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| CV 4 |
Amalgamated companies: amount derived after amalgamation |
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| CV 5 |
Statutory producer boards |
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| CV 6 |
Crown Research Institutes |
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| CV 7 |
Australian wine producer rebate |
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| CV 8 |
Regulations: Australian wine producer rebate |
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| CV 9 |
Supplementary dividend holding companies |
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| CV 10 |
Foreign dividend payment account companies or conduit tax relief companies [Repealed]
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| CV 11 |
Maori authorities |
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| CV 12 |
Trustees: amounts received after person’s death |
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| CV 13 |
Amounts derived from trusts |
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| CV 14 |
Distributions from community trusts |
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| CV 15 |
Amounts derived from trusts while person absent from New Zealand |
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| CV 16 |
Non-resident shippers |
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| CV 17 |
Non-exempt charities: taxation of tax-exempt accumulation |
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| CV 18 |
Hedging of currency movements in Australian non-attributing shares and attributing FDR method interests |
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| CV 19 |
Additional income for certain imputation credits |
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| CV 20 |
Employee share schemes |
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| CW 1 |
Forestry companies established by the Crown, Maori owners, and holding companies acquiring land with standing timber from founders |
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| CW 1B |
Treaty of Waitangi claim settlements: rights to take timber |
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| CW 2 |
Forestry encouragement agreements |
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| CW 3 |
Forestry companies and Maori investment companies |
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| CW 3B |
Pre-1990 forest land units: emissions trading scheme [Repealed]
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| CW 4 |
Annuities under life insurance policies |
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| CW 5 |
Payments of interest: post-war credits |
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| CW 6 |
Payments of interest: farm mortgages |
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| CW 7 |
Foreign-sourced interest |
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| CW 8 |
Money lent to government of New Zealand |
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| CW 8B |
Certain amounts derived from use of assets |
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| CW 9 |
Dividend derived from foreign company |
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| CW 10 |
Dividend within New Zealand wholly-owned group |
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| CW 11 |
Dividend of conduit tax relief holding company [Repealed]
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| CW 12 |
Proceeds of share disposal by qualifying foreign equity investor |
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| CW 13 |
Proceeds from share or option acquired under venture investment agreement |
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| CW 14 |
Dividends derived by qualifying companies |
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| CW 15 |
Dividends paid by qualifying companies |
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| CW 16 |
Allowance of Governor-General and other benefits and privileges |
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| CW 16B |
Accommodation expenditure: out-of-town secondments and projects |
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| CW 16C |
Time periods for certain accommodation expenditure |
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| CW 16D |
Accommodation expenditure: conferences and overnight stays |
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| CW 16E |
Accommodation expenditure: new employees |
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| CW 16F |
Accommodation expenditure: multiple workplaces |
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| CW 17 |
Expenditure on account, and reimbursement, of employees |
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| CW 17B |
Relocation payments |
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| CW 17C |
Payments for overtime meals and certain other allowances |
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| CW 17CB |
Payments for certain work-related meals |
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| CW 17CC |
Payments for distinctive work clothing |
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| CW 18 |
Allowance for additional transport costs |
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| CW 19 |
Amounts derived during short-term visits |
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| CW 20 |
Amounts derived by visiting entertainers including sportspersons |
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| CW 21 |
Amounts derived by visiting crew of pleasure craft |
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| CW 22 |
Amounts derived by overseas experts and trainees in New Zealand by government arrangement |
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| CW 23 |
Income for military or police service in operational area |
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| CW 24 |
Deferred military pay for active service |
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| CW 25 |
Value of board for religious society members |
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| CW 26 |
Jurors’ and witnesses’ fees |
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| CW 26B |
Exempt ESS |
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| CW 26C |
Meaning of exempt ESS |
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| CW 26D |
Meaning of employee |
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| CW 26E |
Meaning of normal retiring age |
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| CW 26F |
Meaning of share |
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| CW 26G |
Meaning of trustee |
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| CW 27 |
Certain income derived by transitional resident |
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| CW 28 |
Pensions |
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| CW 28B |
Foreign superannuation withdrawal in initial period of residency |
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| CW 28C |
Foreign superannuation withdrawal exceeding given amount |
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| CW 29 |
Reinvested amounts from foreign superannuation schemes in Australia |
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| CW 29B |
Amounts from Australian complying superannuation schemes reinvested in KiwiSaver schemes |
|
| CW 30 |
Annuities from Crown Bank Accounts |
|
| CW 31 |
Services for members and former members of Parliament |
|
| CW 32 |
Maintenance payments |
|
| CW 33 |
Allowances and benefits |
|
| CW 34 |
Compensation payments |
|
| CW 35 |
Personal service rehabilitation payments |
|
| CW 36 |
Scholarships and bursaries |
|
| CW 37 |
Film production grants [Repealed]
|
|
|
|
|
| CW 38 |
Public authorities |
|
| CW 38B |
Public purpose Crown-controlled companies |
|
| CW 39 |
Local authorities |
|
| CW 40 |
Local and regional promotion bodies |
|
| CW 40B |
Te Urewera Board |
|
| CW 40C |
Te Pou Tupua |
|
| CW 41 |
Charities: non-business income |
|
| CW 42 |
Charities: business income |
|
| CW 42B |
Community housing trusts and companies |
|
| CW 43 |
Charitable bequests |
|
| CW 44 |
Friendly societies |
|
| CW 45 |
Funeral trusts |
|
| CW 46 |
Bodies promoting amateur games and sports |
|
| CW 47 |
TAB and racing clubs |
|
| CW 48 |
Income from conducting gaming-machine gambling |
|
| CW 49 |
Bodies promoting scientific or industrial research |
|
| CW 50 |
Veterinary services bodies |
|
| CW 51 |
Herd improvement bodies |
|
| CW 52 |
Community trusts |
|
| CW 52B |
Disability support services |
|
| CW 53 |
Distributions from complying trusts |
|
| CW 54 |
Foreign-sourced amounts derived by trustees |
|
| CW 55 |
Maori authority distributions |
|
| CW 55BA |
Tertiary education institutions and subsidiaries |
|
| CW 55BAB |
Rebate of fees paid by FIF |
|
| CW 55BB |
Minors’ income, to limited extent |
|
|
|
|
| CW 55B |
Amounts of exempt income for partners |
|
|
|
|
| CW 56 |
Non-resident aircraft operators |
|
| CW 57 |
Non-resident company involved in exploration and development activities |
|
| CW 58 |
Disposal of companies’ own shares |
|
| CW 59 |
New Zealand companies operating in Niue |
|
| CW 59B |
Income of and distributions by certain international funds |
|
| CW 59C |
Life reinsurance claims from reinsurer outside New Zealand |
|
| CW 60 |
Stake money |
|
| CW 61 |
Providing standard-cost household service |
|
| CW 62 |
Interest paid under the KiwiSaver Act 2006 |
|
| CW 62B |
Voluntary activities |
|
| CW 63 |
Avoidance arrangements |
|
| CW 64 |
Exemption under other Acts |
|
|
|
|
| CW 65 |
New Zealand Railways Corporation restructure: exempt income |
|
|
|
|
|
|
|
| CX 1 |
Goods and services tax |
|
|
|
|
|
|
|
| CX 2 |
Meaning of fringe benefit |
|
| CX 3 |
Excluded income |
|
| CX 4 |
Relationship with assessable income |
|
| CX 5 |
Relationship with exempt income |
|
|
|
|
| CX 6 |
Private use of motor vehicle |
|
| CX 7 |
Employer or associated person treated as having right to use vehicle under arrangement |
|
| CX 8 |
Private use of motor vehicle: use by more than 1 employee |
|
| CX 9 |
Subsidised transport |
|
| CX 10 |
Employment-related loans |
|
| CX 11 |
Employment-related loans: loans by life insurers |
|
| CX 12 |
Services for members and former members of Parliament |
|
| CX 13 |
Contributions to superannuation schemes |
|
| CX 14 |
Contributions to sickness, accident, or death benefit funds |
|
| CX 15 |
Contributions to funeral trusts |
|
| CX 16 |
Contributions to life or health insurance |
|
| CX 17 |
Benefits provided to employees who are shareholders or investors |
|
| CX 18 |
Benefits provided to associates of both employees and shareholders |
|
|
|
|
| CX 19 |
Benefits provided instead of allowances |
|
| CX 19B |
Transport in vehicle other than motor vehicle |
|
| CX 20 |
Benefits to enable performance of duties |
|
| CX 21 |
Business tools |
|
| CX 22 |
Benefits to non-executive directors |
|
| CX 23 |
Benefits provided on premises |
|
| CX 24 |
Benefits related to health or safety |
|
| CX 25 |
Benefits provided by charitable organisations |
|
| CX 26 |
Non-liable payments |
|
| CX 27 |
Assistance with tax returns |
|
| CX 28 |
Accommodation |
|
| CX 29 |
Entertainment |
|
| CX 30 |
Distinctive work clothing |
|
| CX 31 |
Contributions to income protection insurance |
|
| CX 32 |
Services provided to superannuation fund |
|
| CX 33 |
Goods provided at discount by third parties |
|
| CX 33B |
Benefits for members of Parliament |
|
|
|
|
| CX 34 |
Meaning of emergency call |
|
| CX 35 |
Meaning of employee share loan |
|
| CX 36 |
Meaning of private use |
|
| CX 37 |
Meaning of unclassified benefit |
|
| CX 38 |
Meaning of work-related vehicle |
|
|
|
|
| CX 39 |
Life insurers and fully reinsured persons [Repealed]
|
|
| CX 40 |
Superannuation fund deriving amount from life insurance policy |
|
| CX 41 |
Resident insurance underwriters |
|
|
|
|
| CX 42 |
Disposal of ownership interests in controlled petroleum mining entities |
|
| CX 43 |
Farm-out arrangements for mining operations |
|
|
[Repealed]
|
|
| CX 44 |
Disposal of mining shares [Repealed]
|
|
| CX 45 |
Disposal of mining shares acquired with reinvestment profit [Repealed]
|
|
| CX 46 |
Repayment of loans made from reinvestment profit [Repealed]
|
|
|
|
|
| CX 47 |
Government grants to businesses |
|
| CX 48 |
Amounts remitted as condition of new start grant [Repealed]
|
|
| CX 48B |
Issue of post-1989 forest land units [Repealed]
|
|
|
|
|
| CX 48C |
Government funding additional to government screen production payments |
|
|
[Repealed]
|
|
| CX 48D |
Tax credits for expenditure on research and development [Repealed]
|
|
|
|
|
| CX 49 |
Employer’s superannuation contributions |
|
| CX 50 |
Tax credits for KiwiSaver and complying superannuation funds |
|
| CX 50B |
Contributions to retirement savings schemes |
|
|
|
|
| CX 51 |
Income equalisation schemes |
|
|
|
|
| CX 51B |
Disposal of pre-1990 forest land emissions units |
|
| CX 51C |
Disposal of fishing quota emissions units |
|
|
|
|
| CX 52 |
Refund from environmental restoration account |
|
|
|
|
| CX 53 |
Credits for inflation-indexed instruments |
|
|
|
|
| CX 54 |
Share-lending collateral under share-lending arrangements |
|
|
|
|
| CX 55 |
Proceeds from disposal of investment shares |
|
| CX 55B |
Proceeds from disposal of certain shares and financial arrangements |
|
| CX 56 |
Attributed income of certain investors in multi-rate PIEs |
|
| CX 56B |
Distributions to investors in multi-rate PIEs |
|
| CX 56C |
Distributions to investors by listed PIEs |
|
| CX 57 |
Credits for investment fees |
|
|
|
|
| CX 57B |
Amounts derived during periods covered by calculation methods |
|
|
|
|
| CX 58 |
Amounts derived by minors from trusts |
|
| CX 59 |
Taxable distributions from non-complying trusts |
|
|
|
|
| CX 60 |
Intra-group transactions |
|
|
|
|
| CX 61 |
Avoidance arrangements |
|
|
|
|
| CX 62 |
Amounts of excluded income for partners |
|
|
|
|
| CX 63 |
Dividends derived after company ceased to be look-through company |
|
|
|
|
| CX 64 |
Income from financial instrument |
|
|
|
|
| CZ 1 |
Grandparented shares under employee share schemes |
|
| CZ 2 |
Mining company’s 1970–71 tax year [Repealed]
|
|
| CZ 3 |
Exchange variations on 8 August 1975 |
|
| CZ 4 |
Mineral mining: company making loan before 1 April 1979 [Repealed]
|
|
| CZ 5 |
Exempt interest: overseas money lent to government or local or public authority before 29 July 1983 |
|
| CZ 6 |
Commercial bills before 31 July 1986 |
|
| CZ 7 |
Primary producer co-operative companies: 1987–88 income year |
|
| CZ 8 |
Farm-out arrangements for petroleum mining before 16 December 1991 |
|
| CZ 9 |
Available capital distribution amount: 1965 and 1985–1992 |
|
| CZ 9B |
Available capital distribution amount: 1988 to 2010 [Repealed]
|
|
| CZ 10 |
Transitional relief for calculation of attributed repatriation dividends: 2 July 1992 [Repealed]
|
|
| CZ 11 |
Recovery of deductions for software acquired before 1 April 1993 |
|
| CZ 12 |
General insurance with risk period straddling 1 July 1993 |
|
| CZ 13 |
Treatment of units and interests in unit trusts and group investment funds on issue as at 1 April 1996 |
|
| CZ 14 |
Treatment of superannuation fund interests in group investment funds on 1 April 1999 |
|
| CZ 15 |
Accident insurance contracts before 1 July 2000 |
|
| CZ 16 |
Interest payable to exiting company: 2001 |
|
| CZ 17 |
Dividend of exiting company: 2001 |
|
| CZ 18 |
Benefit provider approved within 6 months of 25 November 2003 |
|
| CZ 19 |
Community trust receipts in 2004–05 or 2005–06 tax year |
|
| CZ 20 |
Disposal of personal property lease asset under specified lease |
|
| CZ 21 |
Superannuation fund loans made to members before 1 April 1989 |
|
| CZ 21B |
Optional treatment of withdrawals from foreign superannuation schemes not included in return or assessed before 1 April 2014 |
|
| CZ 22 |
Geothermal wells between 31 March 2003 and 17 May 2006 |
|
| CZ 23 |
Insurance or compensation for buildings replaced as revenue account property affected by Canterbury earthquakes [Repealed]
|
|
| CZ 23 |
Employee benefits for Canterbury earthquake relief: exempt income |
|
| CZ 24 |
Employee benefits for Canterbury earthquake relief: not fringe benefits |
|
| CZ 25 |
Land and buildings as revenue account property affected by Canterbury earthquakes and replaced—insurance or compensation, Government purchase |
|
| CZ 25B |
Land and buildings as revenue account property affected by Hurunui/Kaikōura earthquakes and replaced—insurance or compensation |
|
| CZ 26 |
Land and buildings affected by Canterbury earthquakes—sections CB 9 to CB 11 and CB 14 overridden for Crown purchases |
|
| CZ 27 |
Prior bad debt deductions clawback |
|
| CZ 28 |
Transitional provision for mineral mining: previously appropriated mining expenditure |
|
| CZ 29 |
Accommodation expenditure: Canterbury earthquake relief |
|
| CZ 30 |
Transitional provision: application of certain accommodation provisions |
|
| CZ 31 |
Accommodation expenditure: New Zealand Defence Force |
|
| CZ 32 |
Treatment of certain petroleum storage facilities |
|
| CZ 33 |
Transitional exception for accommodation provided to ministers of religion |
|
| CZ 34 |
Income arising from tax accounting provision for aircraft engine overhauls |
|
| CZ 35 |
Treatment of backdated payments for social rehabilitation: 2008–09 to 2017–18 income years |
|
| CZ 35 |
Amounts derived by Te Kōwhatu Tū Moana |
|
|
|
|
|
|
|
| DA 1 |
General permission |
|
| DA 2 |
General limitations |
|
| DA 3 |
Effect of specific rules on general rules |
|
| DA 4 |
Treatment of amount of depreciation loss |
|
| DA 5 |
Treatment of expenditure for commercial fit-out [Repealed]
|
|
|
|
|
|
|
|
| DB 1 |
Taxes, other than GST, and penalties |
|
| DB 2 |
Goods and services tax |
|
| DB 3 |
Determining tax liabilities |
|
| DB 3B |
Use of money interest |
|
| DB 4 |
Chatham Islands dues |
|
| DB 4B |
Fees to purchase funds in tax pooling accounts |
|
|
|
|
| DB 5 |
Transaction costs: borrowing money for use as capital |
|
| DB 6 |
Interest: not capital expenditure |
|
| DB 7 |
Interest: most companies need no nexus with income |
|
| DB 8 |
Interest: money borrowed to acquire shares in group companies |
|
| DB 9 |
Interest incurred on money borrowed to acquire shares in qualifying companies |
|
| DB 10 |
Interest or expenditure connected to profit-related debentures |
|
| DB 10B |
Interest or expenditure connected to stapled debt security |
|
|
|
|
| DB 11 |
Negative base price adjustment |
|
| DB 12 |
Base price adjustment under old financial arrangements rules |
|
| DB 13 |
Repayment of debt in certain circumstances |
|
| DB 14 |
Security payment |
|
| DB 15 |
Sureties |
|
|
|
|
| DB 16 |
Share-lending collateral under share-lending arrangements |
|
| DB 17 |
Replacement payments and imputation credits under share-lending arrangements |
|
|
|
|
| DB 18AA |
Square metre rate method |
|
| DB 18A |
Ring-fenced allocations: disposal of residential land within 5 years |
|
| DB 18AB |
Deduction cap: disposal of residential land within 5 years to associated persons |
|
| DB 18 |
Transaction costs: leases |
|
| DB 19 |
Expenses in application for resource consent |
|
| DB 20 |
Destruction of temporary building |
|
| DB 20B |
Consideration for agreement to grant, renew, extend, or transfer leasehold estate or licence |
|
| DB 20C |
Consideration for agreement to surrender leasehold estate or terminate licence |
|
| DB 21 |
Amounts paid for non-compliance with covenant for repair |
|
| DB 22 |
Amounts paid for non-compliance and change in use |
|
| DB 22B |
Amounts paid for commercial fit-out for building |
|
|
|
|
| DB 23 |
Cost of revenue account property |
|
| DB 23B |
Revenue account property: certain intra-group transactions |
|
| DB 24 |
Share losses |
|
| DB 25 |
Cancellation of shares held as revenue account property |
|
| DB 26 |
Amount from profit-making undertaking or scheme and not already in income |
|
| DB 27 |
Amount from major development or division and not already in income |
|
| DB 28 |
Amount from land affected by change and not already in income |
|
| DB 29 |
Apportionment when land acquired with other property |
|
| DB 30 |
Cost of certain minerals |
|
|
|
|
| DB 31 |
Bad debts |
|
| DB 32 |
Bad debts owed to estates |
|
|
|
|
| DB 33 |
Scientific research |
|
| DB 34 |
Research or development |
|
| DB 35 |
Some definitions |
|
| DB 36 |
Patent expenses |
|
| DB 37 |
Expenses in application for patent or design registration |
|
| DB 38 |
Patent rights: devising patented inventions |
|
| DB 39 |
Patent rights acquired before 1 April 1993 |
|
| DB 40 |
Patent applications or patent rights acquired on or after 1 April 1993 |
|
| DB 40BA |
Expenses in application for plant variety rights |
|
|
|
|
| DB 40B |
Expenditure in unsuccessful development of software |
|
|
|
|
| DB 41 |
Charitable or other public benefit gifts by company |
|
|
|
|
| DB 42 |
Property misappropriated by employees or service providers |
|
| DB 43 |
Making good loss from misappropriation by partners |
|
| DB 44 |
Restitution of stolen property |
|
| DB 45 |
Bribes |
|
|
|
|
| DB 46 |
Avoiding, remedying, or mitigating effects of discharge of contaminant or making of noise |
|
|
|
|
| DB 47 |
Payments for remitted amounts |
|
| DB 48 |
Restrictive covenant breached |
|
|
|
|
| DB 49 |
Adjustment for opening values of trading stock, livestock, and excepted financial arrangements |
|
| DB 50 |
Adjustment for prepayments |
|
| DB 51 |
Adjustment for deferred payment of employment income |
|
|
|
|
| DB 51B |
Adjustments for leases that become finance leases |
|
|
|
|
| DB 52 |
Adjustment for change to accounting practice |
|
|
|
|
| DB 53 |
Attributed PIE losses of certain investors |
|
| DB 54 |
No deductions for fees relating to interests in multi-rate PIEs |
|
| DB 54B |
Expenditure incurred by foreign investment PIEs |
|
| DB 54C |
Certain expenditure incurred by foreign PIE equivalents |
|
|
[Repealed]
|
|
| DB 55 |
Expenditure incurred in deriving exempt dividend [Repealed]
|
|
|
|
|
| DB 56 |
Expenditure incurred in operating motor vehicle under agreement or arrangement affected by section CX 7 |
|
|
|
|
| DB 57 |
Payments to spouses, civil union partners, or de facto partners other than for services |
|
|
|
|
| DB 57B |
Matching of deductions and income from multi-jurisdictional arrangements |
|
|
|
|
| DB 58 |
Adjustment for avoidance arrangements |
|
| DB 59 |
Market value substituted |
|
|
|
|
| DB 60 |
Acquisition of emissions units |
|
| DB 60B |
Liabilities for emissions |
|
| DB 61 |
Surrender of certain emissions units for post-1989 forest land emissions |
|
|
|
|
| DB 62 |
Deduction for legal expenses |
|
|
|
|
| DB 63 |
Expenses in paying dividends |
|
| DB 63B |
Periodic company registration fees |
|
| DB 63C |
Meetings of shareholders |
|
|
|
|
| DB 64 |
Capital contributions |
|
| DB 65 |
Allowance for certain commercial buildings |
|
|
|
|
| DC 1 |
Lump sum payments on retirement |
|
| DC 2 |
Pension payments to former employees |
|
| DC 3 |
Pension payments to former partners |
|
| DC 3B |
Payments to working owners |
|
| DC 4 |
Payments to working partners |
|
| DC 5 |
Payments to spouses, civil union partners, or de facto partners: services |
|
| DC 6 |
Contributions to employees’ benefit funds |
|
| DC 7 |
Contributions to employees’ superannuation schemes |
|
| DC 8 |
Attribution of personal services |
|
| DC 9 |
Restrictive covenants or exit inducements |
|
| DC 10 |
Disposal of business: transferred employment income obligations |
|
| DC 11 |
Transfers of employment income obligations to associates |
|
| DC 12 |
Loans to employees under share purchase schemes [Repealed]
|
|
| DC 13 |
Criteria for approval of share purchase schemes: before period of restriction ends [Repealed]
|
|
| DC 14 |
Criteria for approval of share purchase schemes: when period of restriction ends [Repealed]
|
|
| DC 15 |
Some definitions [Repealed]
|
|
|
|
|
| DD 1 |
Entertainment expenditure generally |
|
| DD 2 |
Limitation rule |
|
| DD 3 |
When limitation rule does not apply |
|
| DD 4 |
Employment-related activities |
|
| DD 5 |
Promoting businesses, goods, or services |
|
| DD 6 |
Entertainment as business or for charitable purpose |
|
| DD 7 |
Entertainment outside New Zealand |
|
| DD 8 |
Entertainment that is income or fringe benefit |
|
| DD 9 |
Relationship with fringe benefit tax rules |
|
| DD 10 |
Interpretation: reimbursement and apportionment |
|
| DD 11 |
Some definitions |
|
|
|
|
|
|
|
| DE 1 |
What this subpart does |
|
| DE 2 |
Deductions for business use |
|
| DE 2B |
Election to use kilometre rate method or costs method |
|
| DE 3 |
Methods for calculating proportion of business use |
|
| DE 4 |
Default method for calculating proportion of business use |
|
|
|
|
| DE 5 |
Actual records |
|
|
|
|
| DE 6 |
Using logbook for test period |
|
| DE 7 |
Logbook requirements |
|
| DE 8 |
Logbook term |
|
| DE 9 |
Inadequate logbook |
|
| DE 10 |
Variance during logbook term |
|
| DE 11 |
Replacement vehicles |
|
|
|
|
| DE 12 |
Kilometre rate method |
|
|
|
|
| DF 1 |
Government grants to businesses |
|
| DF 2 |
Repayment of grant-related suspensory loans |
|
| DF 3 |
Identifying expenditure for purposes of sections DF 1 and DF 2 |
|
| DF 4 |
Payments for social rehabilitation |
|
| DF 5 |
Government funding additional to government screen production payments |
|
|
|
|
|
|
|
| DG 1 |
What this subpart does |
|
| DG 2 |
Application of this subpart |
|
| DG 3 |
Meaning of asset for this subpart |
|
| DG 4 |
Meaning of private use for this subpart |
|
| DG 5 |
Meaning and treatment of interest expenditure for this subpart |
|
| DG 6 |
Associated persons: company rule modified |
|
|
|
|
| DG 7 |
Expenditure related to income-earning use |
|
| DG 8 |
Expenditure limitation rule |
|
| DG 9 |
Apportionment formula |
|
|
|
|
| DG 10 |
Interest expenditure rules |
|
| DG 11 |
Interest expenditure: close companies |
|
| DG 12 |
Interest expenditure: group companies |
|
| DG 13 |
Interest expenditure: corporate shareholders |
|
| DG 14 |
Interest expenditure: non-corporate shareholders |
|
|
|
|
| DG 15 |
Quarantined expenditure rules |
|
| DG 16 |
Quarantined expenditure when asset activity negative |
|
| DG 17 |
Allocation of amounts quarantined under section DG 16 |
|
| DG 18 |
Quarantined expenditure: group companies and shareholders |
|
| DG 19 |
Allocation of amounts quarantined under section DG 18 |
|
|
|
|
| DG 20 |
When income cannot be separately attributed |
|
| DG 21 |
Opting out of treatment under this subpart |
|
| DG 22 |
Application of rules to part years |
|
|
|
|
|
|
|
| DN 1 |
Attributed controlled foreign company loss |
|
| DN 2 |
When attributed CFC loss arises |
|
| DN 3 |
Calculation of attributed CFC loss |
|
| DN 4 |
Ring-fencing cap on deduction |
|
|
|
|
| DN 5 |
Foreign investment fund loss |
|
| DN 6 |
When FIF loss arises |
|
| DN 7 |
Calculation of FIF loss |
|
| DN 8 |
Ring-fencing cap on deduction: attributable FIF income method |
|
| DN 9 |
Treatment of certain costs incurred in acquiring FIF interests |
|
|
|
|
|
|
|
| DO 1 |
Enhancements to land |
|
| DO 2 |
Plantings for erosion, shelter, and water protection purposes |
|
| DO 3 |
Trees on farms |
|
| DO 4 |
Improvements to farm land |
|
| DO 5 |
Expenditure on land: planting of listed horticultural plants |
|
| DO 6 |
Expenditure on land: horticultural replacement planting |
|
| DO 7 |
Accounting for expenditure on listed horticultural plants under sections DO 5 and DO 6 |
|
| DO 8 |
Meaning of planting and plot |
|
| DO 9 |
Meaning of replaced area fraction |
|
| DO 10 |
Farming or horticulture expenditure of lessor or sublessor |
|
| DO 11 |
Improvement destroyed or made useless |
|
| DO 11B |
Entering partners’ livestock deduction [Repealed]
|
|
|
|
|
| DO 12 |
Improvements to aquacultural business |
|
| DO 13 |
Improvement destroyed or made useless |
|
|
|
|
| DP 1 |
Expenditure of forestry business |
|
| DP 2 |
Plant or machinery |
|
| DP 3 |
Improvements to forestry land |
|
| DP 4 |
Improvement destroyed or made useless |
|
| DP 5 |
Forestry encouragement agreement: deductions |
|
| DP 6 |
Forestry encouragement agreement: no deduction |
|
| DP 7 |
Land contouring: no deduction |
|
| DP 8 |
Forestry business on land acquired from the Crown, Maori owners, or holding company: no deduction |
|
| DP 9 |
Cost of acquiring timber: forestry business on land acquired from the Crown, Maori owners, or holding company |
|
| DP 9B |
Treaty of Waitangi claim settlements: rights to take timber |
|
| DP 10 |
Cost of acquiring timber or right to take timber: other cases |
|
| DP 11 |
Cost of timber |
|
|
|
|
| DQ 1 |
Main income equalisation scheme |
|
| DQ 2 |
Adverse event income equalisation scheme [Repealed]
|
|
| DQ 3 |
Thinning operations income equalisation scheme |
|
| DQ 4 |
Environmental restoration accounts scheme |
|
|
|
|
| DR 1 |
Policyholder base allowable deduction of life insurer |
|
| DR 2 |
Shareholder base allowable deduction of life insurer |
|
| DR 3 |
Life reinsurance premiums to reinsurer outside New Zealand |
|
| DR 4 |
Life insurers’ claims |
|
|
|
|
| DS 1 |
Acquiring film rights |
|
| DS 2 |
Film production expenditure |
|
| DS 2B |
Expenditure when film or film right intended for disposal |
|
| DS 3 |
Clawback of deductions for film reimbursement schemes |
|
| DS 4 |
Meaning of film reimbursement scheme |
|
|
|
|
|
|
|
| DT 1A |
Ring-fenced allocations |
|
| DT 1 |
Petroleum exploration expenditure |
|
| DT 2 |
Arrangement for petroleum exploration expenditure and disposal of property |
|
| DT 3 |
Acquisition of privileges and permits |
|
| DT 4 |
Acquisition of exploratory material |
|
|
|
|
| DT 5 |
Petroleum development expenditure |
|
| DT 6 |
Expenditure on petroleum mining assets |
|
| DT 7 |
Exploratory well expenditure |
|
| DT 7B |
Resuming commercial production: petroleum development expenditure |
|
| DT 8 |
Acquisition of certain petroleum mining assets |
|
| DT 9 |
Disposal of petroleum mining asset to associate |
|
| DT 10 |
Disposal of petroleum mining asset outside association |
|
| DT 11 |
Association ending |
|
|
|
|
| DT 12 |
Damage to assets |
|
| DT 13 |
Disposal of ownership interests in controlled petroleum mining entities |
|
| DT 14 |
Farm-out arrangements |
|
| DT 15 |
Persons associated with petroleum miner |
|
| DT 16 |
Decommissioning |
|
|
|
|
| DT 17 |
Attribution of expenditure |
|
| DT 18 |
Replacement permits |
|
| DT 19 |
Partnership interests and disposal of part of asset |
|
| DT 20 |
Petroleum mining operations outside New Zealand |
|
|
|
|
| DU 1 |
Mining expenditure: prospecting and exploration expenditure |
|
| DU 2 |
Mining expenditure: rehabilitation expenditure |
|
| DU 3 |
Acquisition of land for mining operations |
|
| DU 4 |
Acquisition of mineral mining assets |
|
| DU 5 |
Farm-out arrangements |
|
| DU 6 |
Deduction for certain mining expenditure spread over assumed life of mine |
|
| DU 7 |
Deduction for certain mining expenditure spread on basis of units of production |
|
|
|
|
| DU 8 |
Classes of mineral mining expenditure |
|
| DU 9 |
Some definitions |
|
| DU 10 |
Meaning of mining exploration expenditure |
|
| DU 11 |
Meaning of mining development expenditure: exclusion of operational expenditure |
|
| DU 12 |
Meaning of mining rehabilitation expenditure |
|
|
|
|
|
|
|
| DV 1 |
Publicising superannuation funds |
|
| DV 2 |
Transfer of expenditure to master fund |
|
| DV 3 |
Formula for calculating maximum deduction |
|
| DV 4 |
Carry forward of expenditure |
|
| DV 4B |
Carry forward of expenditure by member funds investing in portfolio investment entities |
|
|
|
|
| DV 5 |
Investment funds: transfer of expenditure to master funds |
|
| DV 6 |
Formula for calculating maximum deduction |
|
| DV 7 |
Carry forward of expenditure |
|
| DV 8 |
Non-profit organisations |
|
| DV 9 |
Trusts |
|
| DV 10 |
Building societies |
|
| DV 11 |
Distribution to member of co-operative company, excluded from being dividend |
|
| DV 12 |
Maori authorities: donations |
|
| DV 13 |
Group companies |
|
| DV 14 |
Amalgamated company: expenditure on improvements for farming, horticultural, aquacultural, and forestry businesses |
|
| DV 15 |
Amalgamated companies: property passing on resident’s restricted amalgamation |
|
| DV 16 |
Consolidated groups: intra-group transactions |
|
| DV 17 |
Consolidated groups: expenditure or loss incurred by group companies |
|
| DV 18 |
Statutory producer boards and co-operative companies |
|
| DV 18B |
Cost base for shares when debt forgiven within economic group |
|
| DV 19 |
Association rebates |
|
|
|
|
| DV 20 |
Partners |
|
| DV 21 |
Losses for QCs entering partnership regime |
|
|
|
|
| DV 22 |
Owners of look-through companies |
|
| DV 23 |
Losses for QCs entering look-through companies rules |
|
|
|
|
| DV 24 |
Losses for QCs becoming sole traderships |
|
| DV 25 |
Hedging of currency movements in Australian non-attributing shares and attributing FDR method interests |
|
|
|
|
| DV 26 |
Deduction for reinstatement of R&D tax losses |
|
|
|
|
| DV 27 |
Employee share schemes |
|
| DV 28 |
Exempt employee share schemes |
|
|
|
|
| DW 1 |
Airport operators |
|
| DW 2 |
Bloodstock racing |
|
| DW 3 |
Non-resident general insurers and shippers |
|
| DW 3B |
Lloyd’s of London: deductions for life insurance business |
|
| DW 4 |
Deduction for general insurance outstanding claims reserve |
|
| DW 5 |
Aircraft operators: aircraft engines and aircraft engine overhauls |
|
| DW 6 |
Aircraft operators: payments and adjustments under finance leases |
|
|
|
|
| DX 1 |
Testamentary annuities |
|
| DX 2 |
Tax credits: conduit financing arrangements [Repealed]
|
|
| DX 3 |
Tax credits: supplementary dividend holding companies [Repealed]
|
|
|
|
|
| DZ 1 |
Commercial bills before 31 July 1986 |
|
| DZ 2 |
Life insurers acquiring property before 1 April 1988 |
|
| DZ 3 |
Petroleum mining: development expenditure from 1 October 1990 to 15 December 1991 |
|
| DZ 4 |
Expenditure on abandoned exploratory well before 16 December 1991 |
|
| DZ 5 |
Farm-out arrangements for petroleum mining before 16 December 1991 |
|
| DZ 6 |
Partnership interests and disposal of part of asset before 16 December 1991 |
|
| DZ 7 |
Petroleum mining operations outside New Zealand before 16 December 1991 |
|
| DZ 8 |
Acquiring patent rights before 1 April 1993 |
|
| DZ 9 |
Premium paid on land leased before 1 April 1993 |
|
| DZ 10 |
General insurance with risk period straddling 1 July 1993 |
|
| DZ 11 |
Film reimbursement scheme on or before 30 June 2001 |
|
| DZ 12 |
Mineral mining: 1954–2005 [Repealed]
|
|
| DZ 13 |
Enhancements to land unamortised at end of 2004–05 year |
|
| DZ 14 |
Deductions under specified leases |
|
| DZ 15 |
Patent applications before 1 April 2005 |
|
| DZ 16 |
Geothermal wells between 31 March 2003 and 17 May 2006 |
|
| DZ 17 |
Expenditure on improvements to aquacultural business before 1995–96 income year |
|
| DZ 18 |
Expenditure on improvements to forestry land before 1995–96 income year |
|
| DZ 19 |
Attributed CFC loss carried back under section EZ 32C [Repealed]
|
|
| DZ 20 |
Expenditure incurred while income-earning activity interrupted by Canterbury earthquake |
|
| DZ 21 |
Transfer in 2013–14 income year of assets to which subpart DG applies |
|
| DZ 22 |
Aircraft maintenance: aircraft engines acquired before 2017–18 income year |
|
| DZ 23 |
Aircraft maintenance: tax accounting provisions for expenditure incurred after 2016–17 income year |
|
|
|
|
|
|
|
| EA 1 |
Trading stock, livestock, and excepted financial arrangements |
|
| EA 2 |
Other revenue account property |
|
| EA 3 |
Prepayments |
|
| EA 4 |
Deferred payment of employment income |
|
|
|
|
|
|
|
| EB 1 |
When this subpart applies |
|
| EB 2 |
Meaning of trading stock |
|
| EB 3 |
Valuation of trading stock |
|
| EB 4 |
Trading stock valuation methods |
|
| EB 5 |
Transfers of trading stock within wholly-owned groups |
|
|
|
|
| EB 6 |
Cost |
|
| EB 7 |
Cost allocation: cost-flow method |
|
| EB 8 |
Cost allocation: budgeted method or standard cost method |
|
| EB 9 |
Discounted selling price |
|
| EB 10 |
Replacement price |
|
| EB 11 |
Market selling value |
|
| EB 12 |
Valuing closing stock consistently |
|
|
|
|
| EB 13 |
Low-turnover valuation |
|
| EB 14 |
Low-turnover valuation methods |
|
| EB 15 |
Cost for low-turnover traders |
|
| EB 16 |
Cost allocation: cost-flow method for low-turnover traders |
|
| EB 17 |
Costs: manufactured or produced stock of low-turnover traders |
|
| EB 18 |
Costs: other stock of low-turnover traders |
|
| EB 19 |
Discounted selling price for low-turnover traders |
|
| EB 20 |
Replacement price for low-turnover traders |
|
| EB 21 |
Market selling value for low-turnover traders |
|
| EB 22 |
Valuing closing stock consistently for low-turnover traders |
|
|
|
|
| EB 23 |
Valuing closing stock under $10,000 |
|
|
|
|
| EB 24 |
Apportionment on disposal of business assets that include trading stock |
|
|
|
|
|
|
|
| EC 1 |
Application of this subpart |
|
| EC 2 |
Valuation of livestock |
|
| EC 3 |
Livestock valuation methods |
|
| EC 4 |
Transfers of livestock within wholly-owned groups |
|
| EC 4B |
Compulsory use of herd scheme method for associated persons |
|
| EC 4C |
Value and timing of transfers |
|
| EC 5 |
Transfer of livestock because of self-assessed adverse event |
|
|
|
|
| EC 6 |
Application of sections EC 7 to EC 27 |
|
| EC 7 |
Valuation methods |
|
| EC 8 |
Restrictions arising from use of herd scheme |
|
| EC 9 |
Restrictions on use of national standard cost scheme |
|
| EC 10 |
Restrictions on use of cost price method |
|
| EC 11 |
Restrictions on making of elections |
|
| EC 12 |
Interests in livestock |
|
| EC 13 |
Changes in partnership interests |
|
|
|
|
| EC 14 |
Herd scheme |
|
| EC 15 |
Determining national average market values |
|
| EC 16 |
Valuation under herd scheme |
|
| EC 17 |
Herd value ratio |
|
| EC 18 |
Inaccurate herd value ratio |
|
| EC 19 |
Chatham Islands adjustment to herd value |
|
| EC 20 |
Herd livestock disposed of before values determined |
|
| EC 21 |
Herd livestock on death before values determined [Repealed]
|
|
|
|
|
| EC 22 |
National standard cost scheme |
|
| EC 23 |
Determining national standard costs |
|
| EC 24 |
Methods for determining costs using national standard cost scheme |
|
|
|
|
| EC 25 |
Cost price, replacement price, or market value |
|
| EC 26 |
Bailee’s treatment of livestock |
|
|
|
|
| EC 26B |
Entering partners’ cost base |
|
|
|
|
| EC 27 |
Some definitions |
|
|
|
|
| EC 28 |
Application of sections EC 29 to EC 31 |
|
| EC 29 |
Determining standard values |
|
| EC 30 |
Closing value methods |
|
| EC 31 |
Enhanced production |
|
|
|
|
| EC 32 |
Application of sections EC 33 to EC 37 |
|
| EC 33 |
Determining depreciation percentages |
|
| EC 34 |
General rule |
|
| EC 35 |
Livestock reaching national average market value and livestock no longer used for breeding |
|
| EC 36 |
Immature livestock and recently acquired livestock |
|
| EC 37 |
Bailment |
|
|
|
|
| EC 38 |
Application of sections EC 39 to EC 48 |
|
| EC 39 |
First income year in breeding business |
|
| EC 39B |
Stud-founding bloodstock and related terms |
|
| EC 40 |
Later income years in breeding business |
|
| EC 41 |
Reduction: bloodstock not previously used for breeding in New Zealand other than as shuttle stallions |
|
| EC 42 |
Reduction: bloodstock previously used for breeding in New Zealand |
|
| EC 43 |
Accident, birth deformity, or infertility |
|
| EC 44 |
Other bloodstock |
|
| EC 45 |
Residual value of bloodstock |
|
| EC 46 |
Use of bloodstock for racing |
|
| EC 47 |
Change of use of bloodstock in course of business |
|
| EC 47B |
Removal of high-priced bloodstock from New Zealand after earlier deductions |
|
| EC 47C |
When prospective breeders treated as being in breeding business |
|
| EC 47D |
Change of prospective bloodstock breeders’ expectation or intention after earlier deductions |
|
| EC 47E |
Prospective breeders commencing actual breeding businesses |
|
| EC 48 |
Replacement breeding stock |
|
|
|
|
| ED 1 |
Valuation of excepted financial arrangements |
|
| ED 1B |
Valuation of emissions units issued for zero price |
|
| ED 2 |
Transfers of certain excepted financial arrangements within wholly-owned groups |
|
| ED 2B |
Transfers to shareholders by ASX-listed Australian company of shares in subsidiary |
|
| ED 3 |
Part-year tax calculations for transfers: general insurance OCR |
|
| ED 4 |
Valuation of certain excepted financial arrangements denominated in foreign currency |
|
|
|
|
|
|
|
| EE 1 |
What this subpart does |
|
|
|
|
| EE 2 |
Nature of ownership of item |
|
| EE 3 |
Ownership of goods subject to reservation of title |
|
| EE 4 |
Ownership of lessee’s improvements: lessee |
|
| EE 5 |
Ownership of lessee’s improvements: other person |
|
|
|
|
| EE 6 |
What is depreciable property? |
|
| EE 7 |
What is not depreciable property? |
|
| EE 8 |
Election that property not be depreciable |
|
|
|
|
| EE 9 |
Description of elements of calculation |
|
| EE 10 |
Calculation rule: item temporarily not available |
|
| EE 11 |
Calculation rule: income year in which item disposed of |
|
|
|
|
| EE 12 |
Depreciation methods |
|
|
|
|
| EE 13 |
Application of sections EE 14 to EE 19 |
|
| EE 14 |
Diminishing value or straight-line method: calculating amount of depreciation loss |
|
| EE 15 |
Amount of adjusted tax value |
|
| EE 16 |
Amount resulting from standard calculation |
|
| EE 17 |
Amount resulting from petroleum-related depreciable property calculation |
|
| EE 18 |
Cost: change from diminishing value to straight-line method |
|
| EE 18B |
Cost: some depreciable intangible property |
|
| EE 19 |
Cost: fixed life intangible property |
|
|
|
|
| EE 20 |
Application of sections EE 21 to EE 24 |
|
| EE 21 |
Pool method: calculating amount of depreciation loss |
|
| EE 22 |
Cases affecting pool |
|
| EE 23 |
Combined pools |
|
| EE 24 |
Property ceasing to qualify for pool |
|
| EE 25 |
Depreciation loss for plant variety rights application granted in 2005–06 or later income year |
|
|
|
|
| EE 26 |
Setting of economic depreciation rate |
|
| EE 27 |
Economic rate for certain depreciable property |
|
| EE 28 |
Economic rate for buildings |
|
| EE 29 |
Economic rate for certain aircraft and motor vehicles |
|
| EE 30 |
Economic rate for plant, equipment, or building, with high residual value |
|
| EE 31 |
Annual rate for item acquired in person’s 1995–96 or later income year |
|
| EE 32 |
Election in relation to certain depreciable property acquired on or after 1 April 2005 |
|
| EE 33 |
Annual rate for fixed life intangible property |
|
| EE 34 |
Annual rate for patent granted in 2005–06 or later income year |
|
| EE 34B |
Annual rate for design registrations |
|
| EE 35 |
Special rate or provisional rate |
|
| EE 36 |
Using economic rate or provisional rate instead of special rate |
|
|
|
|
| EE 37 |
Improvements |
|
| EE 38 |
Items of low value |
|
| EE 39 |
Items no longer used |
|
|
|
|
| EE 40 |
Transfer of depreciable property on or after 24 September 1997 |
|
| EE 41 |
Transfer of depreciable property on certain amalgamations on or after 14 May 2002 |
|
| EE 42 |
Transfer of radiocommunications licence right on or after 24 September 1997 |
|
| EE 43 |
Transfer of depreciable intangible property on or after 1 July 1997 |
|
|
|
|
| EE 44 |
Application of sections EE 48 to EE 51 |
|
| EE 45 |
Consideration for purposes of section EE 44 |
|
| EE 46 |
Items for purposes of section EE 44 |
|
| EE 47 |
Events for purposes of section EE 44 |
|
| EE 48 |
Effect of disposal or event |
|
| EE 49 |
Amount of depreciation recovery income when item partly used for business |
|
| EE 50 |
Amount of depreciation loss when item partly used to produce income |
|
| EE 51 |
Amount of depreciation recovery income when lost or stolen items recovered |
|
| EE 52 |
Amount of depreciation recovery income when compensation received |
|
| EE 53 |
Unused geothermal well brought into use |
|
|
|
|
| EE 54 |
Cost: GST |
|
|
|
|
| EE 55 |
Meaning of adjusted tax value |
|
| EE 56 |
Formula |
|
| EE 57 |
Base value in section EE 56 when none of sections EE 58, EE 59, and EZ 22(1) applies |
|
| EE 58 |
Base value in section EE 56 when no previous deduction |
|
| EE 59 |
Base value in section EE 56 when property is petroleum-related depreciable property |
|
| EE 60 |
Total deductions in section EE 56 |
|
|
|
|
| EE 61 |
Meaning of annual rate |
|
| EE 62 |
Meaning of depreciable intangible property |
|
| EE 63 |
Meaning of estimated useful life |
|
| EE 64 |
Meaning of excluded depreciable property |
|
| EE 65 |
Meaning of maximum pooling value |
|
| EE 66 |
Meaning of poolable property |
|
| EE 67 |
Other definitions |
|
|
|
|
| EF 1 |
Fringe benefit tax |
|
| EF 2 |
Employer’s superannuation contribution tax |
|
| EF 3 |
Accident compensation levies and premiums |
|
| EF 4 |
Use of money interest payable by Commissioner |
|
| EF 5 |
Use of money interest payable by person |
|
| EF 6 |
Different tax years [Repealed]
|
|
|
|
|
| EG 1 |
Election to use balance date used in foreign country |
|
| EG 2 |
Adjustment for changes to accounting practice |
|
| EG 3 |
Allocation of income, deductions, and tax credits by portfolio tax rate entity [Repealed]
|
|
|
|
|
|
|
|
| EH 1 |
Income equalisation schemes |
|
| EH 2 |
Income Equalisation Reserve Account |
|
|
|
|
|
|
|
| EH 3 |
Persons to whom main income equalisation scheme applies |
|
|
|
|
| EH 4 |
Main deposit |
|
| EH 5 |
Main income equalisation account |
|
|
|
|
| EH 6 |
Interest on deposits in main income equalisation account |
|
|
|
|
| EH 7 |
Deduction of deposit |
|
|
|
|
| EH 8 |
Refund of excess deposit |
|
| EH 9 |
Income does not include excess deposit |
|
| EH 10 |
Refund at end of 5 years |
|
| EH 11 |
Income when refund given at end of 5 years |
|
|
|
|
| EH 12 |
Application for refund by person, trustee of estate, Official Assignee, or liquidator |
|
| EH 13 |
Refund on application |
|
| EH 14 |
Income when refund given on application |
|
| EH 15 |
Refund for development or recovery |
|
| EH 16 |
Income when refund given for development or recovery |
|
| EH 17 |
Refund on retirement |
|
| EH 18 |
Income when refund given on retirement, and election to allocate amount to earlier year |
|
| EH 19 |
Refund on death |
|
| EH 20 |
Income when refund given on death |
|
| EH 21 |
Income when refund given on death, and election to allocate amount to earlier year |
|
| EH 22 |
Income when refund given on death, and election to allocate amount to later year or years |
|
| EH 23 |
Refund on bankruptcy |
|
| EH 24 |
Income when refund given on bankruptcy |
|
| EH 25 |
Refund on liquidation |
|
| EH 26 |
Income when refund given on liquidation |
|
|
|
|
| EH 27 |
Amendment of assessment |
|
| EH 28 |
Minimum refund |
|
| EH 29 |
Deposits from which refunds come |
|
|
|
|
| EH 30 |
When person entitled to tax credit |
|
| EH 31 |
Kind and amount of refund that entitles person to tax credit |
|
| EH 32 |
Kind of person entitled to tax credit |
|
| EH 33 |
Amount of tax credit |
|
|
|
|
| EH 34 |
Meaning of income from forestry |
|
| EH 35 |
Meaning of main maximum deposit |
|
| EH 36 |
Other definitions |
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| EH 37 |
Persons to whom adverse event income equalisation scheme applies [Repealed]
|
|
|
[Repealed]
|
|
| EH 38 |
Adverse event deposit [Repealed]
|
|
| EH 39 |
Adverse event income equalisation account [Repealed]
|
|
|
[Repealed]
|
|
| EH 40 |
Interest on deposits in adverse event income equalisation account [Repealed]
|
|
|
[Repealed]
|
|
| EH 41 |
Deduction of deposit [Repealed]
|
|
|
[Repealed]
|
|
| EH 42 |
Refund of excess deposit [Repealed]
|
|
| EH 43 |
Income does not include excess deposit [Repealed]
|
|
|
[Repealed]
|
|
| EH 44 |
Application for refund by person, trustee of estate, Official Assignee, or liquidator [Repealed]
|
|
| EH 45 |
Refund on application [Repealed]
|
|
| EH 46 |
Income when refund given on application [Repealed]
|
|
| EH 47 |
Refund on retirement [Repealed]
|
|
| EH 48 |
Income when refund given on retirement, and election to allocate amount to earlier year [Repealed]
|
|
| EH 49 |
Refund on death [Repealed]
|
|
| EH 50 |
Income when refund given on death [Repealed]
|
|
| EH 51 |
Income when refund given on death, and election to allocate amount to earlier year [Repealed]
|
|
| EH 52 |
Income when refund given on death, and election to allocate amount to later year or years [Repealed]
|
|
| EH 53 |
Refund on bankruptcy [Repealed]
|
|
| EH 54 |
Income when refund given on bankruptcy [Repealed]
|
|
| EH 55 |
Refund on liquidation [Repealed]
|
|
| EH 56 |
Income when refund given on liquidation [Repealed]
|
|
|
[Repealed]
|
|
| EH 57 |
Amendment of assessment [Repealed]
|
|
| EH 58 |
Minimum refund [Repealed]
|
|
| EH 59 |
Deposits from which refunds come [Repealed]
|
|
|
[Repealed]
|
|
| EH 60 |
Transfer of deposit [Repealed]
|
|
|
|
|
| EH 61 |
Meaning of adverse event maximum deposit [Repealed]
|
|
| EH 62 |
Other definitions |
|
|
|
|
|
|
|
| EH 63 |
Persons to whom thinning operations income equalisation scheme applies |
|
|
|
|
| EH 64 |
Thinning operations deposit |
|
| EH 65 |
Thinning operations income equalisation account |
|
|
|
|
| EH 66 |
Interest on deposits in thinning operations income equalisation account |
|
|
|
|
| EH 67 |
Deduction of deposit |
|
|
|
|
| EH 68 |
Refund of excess deposit |
|
| EH 69 |
Income does not include excess deposit |
|
|
|
|
| EH 70 |
Application for refund by person or liquidator |
|
| EH 71 |
Refund on application |
|
| EH 72 |
Income when refund given on application |
|
| EH 73 |
Refund for development or recovery |
|
| EH 74 |
Income when refund given for development or recovery |
|
| EH 75 |
Refund on liquidation |
|
| EH 76 |
Income when refund given on liquidation |
|
|
|
|
| EH 77 |
Sections of main income equalisation scheme that apply to thinning operations income equalisation scheme |
|
|
|
|
| EH 78 |
Meaning of thinning operations maximum deposit |
|
| EH 79 |
Other definitions |
|
|
|
|
|
|
|
| EI 1 |
Spreading backward of income from timber |
|
|
|
|
| EI 2 |
Interest from inflation-indexed instruments |
|
|
|
|
| EI 3 |
Assigning or granting copyright |
|
| EI 4 |
Spreading income from patent rights |
|
|
|
|
| EI 4B |
Consideration for agreement to grant, renew, extend, or transfer leasehold estate or licence |
|
| EI 5 |
Amount paid to lessor for non-compliance with covenant for repair |
|
| EI 6 |
Amount paid for non-compliance: when lessor ceases to own land |
|
| EI 7 |
Leases: income derived in anticipation |
|
| EI 8 |
Disposal of land to the Crown |
|
|
|
|
| EI 9 |
Matching rule for employment income of shareholder-employee |
|
|
|
|
|
|
|
| EJ 1 |
Spreading backward of deductions for costs of timber |
|
| EJ 2 |
Spreading forward of deductions for repairs to fishing boats |
|
| EJ 3 |
Spreading forward of fertiliser expenditure |
|
|
|
|
| EJ 4 |
Expenditure incurred in acquiring film rights in feature films |
|
| EJ 5 |
Expenditure incurred in acquiring film rights in films other than feature films |
|
| EJ 6 |
Certification of New Zealand films |
|
| EJ 7 |
Film production expenditure for New Zealand films having no large budget film grant |
|
| EJ 8 |
Film production expenditure for other films having no large budget film grant |
|
| EJ 9 |
Avoidance arrangements |
|
|
|
|
| EJ 10 |
Personal property lease payments |
|
| EJ 11 |
Amount paid by lessee for non-compliance with covenant for repair |
|
|
|
|
| EJ 12 |
Petroleum development expenditure: default allocation rule |
|
| EJ 12B |
Petroleum development expenditure: reserve depletion method |
|
| EJ 13 |
Permanently ceasing petroleum mining operations |
|
| EJ 13B |
Dry well drilled |
|
| EJ 13C |
Well not producing |
|
| EJ 14 |
Spreading deduction backwards [Repealed]
|
|
| EJ 15 |
Disposal of petroleum mining asset |
|
| EJ 16 |
Disposal of petroleum mining asset to associate |
|
| EJ 17 |
Partnership interests and disposal of part of asset |
|
| EJ 18 |
Petroleum mining operations outside New Zealand |
|
|
|
|
| EJ 19 |
Meaning of offshore development [Repealed]
|
|
| EJ 20 |
Meaning of petroleum mining development |
|
|
|
|
| EJ 20B |
Certain mining expenditure spread over assumed life of mine |
|
| EJ 20C |
Length of spreading period |
|
| EJ 20D |
Measurement of assumed life of mine and application to rate |
|
| EJ 20E |
Certain mining expenditure spread on basis of units of production |
|
|
|
|
| EJ 21 |
Contributions to employees’ superannuation schemes |
|
|
|
|
| EJ 22 |
Deductions for market development: product of research, development |
|
| EJ 23 |
Allocation of deductions for research, development, and resulting market development |
|
|
|
|
| EJ 24 |
Allocation of expenditure on aircraft engine overhauls |
|
| EJ 25 |
Allocation of expenditure on aircraft engine overhauls: election by IFRS user |
|
| EJ 26 |
Allocation of expenditure on aircraft engine overhauls: election by operator of single aircraft |
|
| EJ 27 |
Disposal of aircraft engine or aircraft |
|
|
|
|
| EK 1 |
Environmental Restoration Funds Account |
|
| EK 2 |
Persons who may make payment to environmental restoration account |
|
| EK 3 |
Payments to environmental restoration account |
|
| EK 4 |
Environmental restoration account |
|
| EK 5 |
Details to be provided with payment to environmental restoration account |
|
| EK 6 |
Interest on payments to environmental restoration account |
|
| EK 7 |
Deduction for payment |
|
| EK 8 |
Deduction for transfer |
|
| EK 9 |
Refund of payment if excess, lacking details |
|
| EK 10 |
Certain refunds not income |
|
| EK 11 |
Application for refund |
|
| EK 12 |
Refund if application or excess balance |
|
| EK 13 |
Income when refund given on application |
|
| EK 14 |
Application for transfer |
|
| EK 15 |
Transfer on application |
|
| EK 16 |
Transfer on death, bankruptcy, or liquidation |
|
| EK 17 |
Minimum refund or transfer |
|
| EK 18 |
Payments from which refunds come |
|
| EK 19 |
Environmental restoration account of amalgamating company |
|
| EK 20 |
Environmental restoration account of consolidated group company |
|
| EK 21 |
Notices in electronic format |
|
| EK 22 |
Meaning of maximum payment |
|
| EK 23 |
Other definitions |
|
|
|
|
| EM 1 |
Australian non-attributing shares and attributing FDR method interests |
|
| EM 2 |
Who does this subpart apply to? |
|
| EM 3 |
What hedges does this subpart apply to? |
|
| EM 4 |
Irrevocable elections |
|
| EM 5 |
Fair dividend rate hedge portions |
|
| EM 6 |
Income and expenditure for fair dividend rate hedge portions |
|
| EM 7 |
Quarterly test of fair dividend rate hedge portions |
|
| EM 8 |
Some definitions |
|
|
|
|
|
|
|
| EW 1 |
What this subpart does |
|
| EW 2 |
Relationship of financial arrangements rules with other provisions |
|
|
|
|
| EW 3 |
What is a financial arrangement? |
|
| EW 4 |
What is not a financial arrangement? |
|
| EW 5 |
What is an excepted financial arrangement? |
|
| EW 6 |
Relationship between financial arrangements and excepted financial arrangements |
|
| EW 7 |
Change from private or domestic purpose |
|
| EW 8 |
Election to treat certain excepted financial arrangements as financial arrangements |
|
|
|
|
| EW 9 |
Persons to whom financial arrangements rules apply |
|
| EW 10 |
Financial arrangements to which financial arrangements rules apply |
|
| EW 11 |
What financial arrangements rules do not apply to |
|
|
|
|
| EW 12 |
When use of spreading method required |
|
| EW 13 |
When use of spreading method not required |
|
| EW 14 |
What spreading methods do |
|
| EW 15 |
What is included when spreading methods used |
|
| EW 15B |
Applying IFRSs to financial arrangements |
|
| EW 15C |
Preparing and reporting methods |
|
| EW 15D |
IFRS financial reporting method |
|
| EW 15E |
Determination alternatives |
|
| EW 15F |
Expected value method |
|
| EW 15G |
Modified fair value method |
|
| EW 15H |
Mandatory use of some determinations |
|
| EW 15I |
Mandatory use of yield to maturity method for some arrangements |
|
| EW 16 |
Yield to maturity method or alternative |
|
| EW 17 |
Straight-line method |
|
| EW 18 |
Market valuation method |
|
| EW 19 |
Choice among some spreading methods |
|
| EW 20 |
Determination method or alternative |
|
| EW 21 |
Financial reporting method |
|
| EW 22 |
Default method |
|
| EW 23 |
Failure to use method for financial reporting purposes |
|
| EW 24 |
Consistency of use of spreading method |
|
| EW 25 |
Consistency of use of straight-line method and market valuation method |
|
| EW 25B |
Consistency of use of IFRS method |
|
| EW 26 |
Change of spreading method |
|
| EW 27 |
Spreading method adjustment formula |
|
|
|
|
| EW 28 |
How base price adjustment calculated |
|
| EW 29 |
When calculation of base price adjustment required |
|
| EW 30 |
When calculation of base price adjustment not required |
|
| EW 31 |
Base price adjustment formula |
|
|
|
|
|
|
|
| EW 32 |
Consideration for agreement for sale and purchase (ASAP) of property or services, hire purchase agreement, specified option, or finance lease |
|
| EW 33 |
Consideration for hire purchase agreement or finance lease |
|
| EW 33B |
Foreign ASAPs: designated FX hedges |
|
| EW 33C |
Consideration in foreign currency: some agreements for sale and purchase |
|
| EW 33D |
Foreign ASAPs: contingencies for business combinations |
|
| EW 34 |
Consideration in foreign currency |
|
| EW 35 |
Value relevant for non-financial arrangements rule |
|
|
|
|
| EW 36 |
Consideration when person exits from rules: accrued entitlement |
|
| EW 37 |
Consideration when person enters rules: accrued obligation |
|
| EW 38 |
Consideration when disposal for no, or inadequate, consideration |
|
| EW 39 |
Consideration affected by unfavourable factors |
|
|
|
|
| EW 40 |
Consideration when person exits from rules: accrued obligation |
|
| EW 41 |
Consideration when person enters rules: accrued entitlement |
|
| EW 42 |
Consideration when acquisition for no, or inadequate, consideration |
|
| EW 43 |
Consideration when debt disposed of at discount to associate of debtor |
|
| EW 44 |
Consideration when debt forgiven for natural love and affection |
|
| EW 45 |
Consideration when debtor released from obligation |
|
| EW 46 |
Consideration when debtor released as condition of new start grant [Repealed]
|
|
| EW 46B |
Consideration when party changes from fair value method |
|
| EW 46C |
Consideration when debt forgiven within economic group |
|
|
|
|
| EW 47 |
Legal defeasance |
|
|
|
|
| EW 47B |
Cessation of LTCs and dissolution of partnerships |
|
|
|
|
| EW 48 |
Anti-avoidance provisions |
|
|
|
|
| EW 49 |
Income and deduction when debt disposed of at discount to associate of debtor |
|
| EW 49B |
Guarantees for associated persons |
|
| EW 50 |
Income when debt forgiven to trustee |
|
| EW 51 |
Deduction for security payment |
|
|
|
|
| EW 52 |
Share supplier under share-lending arrangement |
|
|
|
|
| EW 53 |
Adjustment required |
|
|
|
|
| EW 54 |
Meaning of cash basis person |
|
| EW 55 |
Effect of being cash basis person |
|
| EW 56 |
Natural person [Repealed]
|
|
| EW 57 |
Thresholds |
|
| EW 58 |
Financial arrangements, income, and expenditure relevant to criteria |
|
| EW 59 |
Exclusion by Commissioner |
|
| EW 60 |
Trustee of deceased’s estate |
|
| EW 61 |
Election to use spreading method |
|
| EW 62 |
When and how calculation of cash basis adjustment required |
|
| EW 63 |
Cash basis adjustment formula |
|
|
|
|
|
|
|
|
|
|
| EX 1 |
Meaning of controlled foreign company |
|
|
|
|
| EX 2 |
Four categories for calculating control interests |
|
| EX 3 |
Control interest: total of direct, indirect, and associated person interests |
|
| EX 4 |
Limits to requirement to include associated person interests |
|
| EX 5 |
Direct control interests |
|
| EX 6 |
Direct control interests include options and similar rights |
|
| EX 7 |
Indirect control interests |
|
|
|
|
| EX 8 |
Income interests: total of direct and indirect interests |
|
| EX 9 |
Direct income interests |
|
| EX 10 |
Indirect income interests |
|
| EX 11 |
Options and similar rights in certain cases |
|
| EX 12 |
Reduction of total income interests |
|
| EX 13 |
Income interests of partners [Repealed]
|
|
|
|
|
| EX 14 |
Attribution: 10% threshold, not PIE |
|
| EX 15 |
Associates and 10% threshold |
|
| EX 16 |
Income interests for certain purposes |
|
| EX 17 |
Income interest if variations within period |
|
|
|
|
| EX 18A |
Scheme for finding person’s attributed CFC income or loss |
|
| EX 18 |
Formula for calculating attributed CFC income or loss |
|
| EX 19 |
Taxable distribution from non-complying trust |
|
| EX 20 |
Reduction in attributed CFC loss |
|
|
|
|
| EX 20B |
Attributable CFC amount |
|
| EX 20C |
Net attributable CFC income or loss |
|
| EX 20D |
Adjustment of cost fraction for excessively debt funded CFC |
|
| EX 20E |
Relative debt-asset ratio for CFC |
|
|
[Repealed]
|
|
| EX 21 |
Attributable CFC amount and net attributable CFC income or loss: calculation rules |
|
|
|
|
| EX 21B |
Non-attributing active CFCs |
|
|
|
|
| EX 21C |
Applicable accounting standards for section EX 21E |
|
| EX 21D |
Non-attributing active CFC: default test |
|
| EX 21E |
Non-attributing active CFC: test based on accounting standard |
|
| EX 21F |
Part-period calculations |
|
|
|
|
| EX 22 |
Non-attributing Australian CFCs |
|
| EX 23 |
Tax concession grey list CFCs [Repealed]
|
|
|
|
|
| EX 24 |
Companies moving to or from New Zealand |
|
|
|
|
| EX 25 |
Change of CFC’s balance date |
|
|
|
|
| EX 26 |
Use of quarterly measurement |
|
|
|
|
| EX 27 |
Anti-avoidance rule: stapled stock |
|
|
|
|
|
|
|
| EX 28 |
Meaning of FIF |
|
|
|
|
| EX 29 |
Attributing interests in FIFs |
|
| EX 30 |
Direct income interests in FIFs |
|
| EX 31 |
Exemption for ASX-listed Australian companies |
|
| EX 32 |
Exemption for Australian unit trusts with adequate turnover or distributions |
|
| EX 33 |
Exemption for Australian regulated superannuation savings |
|
| EX 34 |
CFC rules exemption |
|
| EX 35 |
Exemption for interest in FIF resident in Australia |
|
| EX 36 |
Venture capital company emigrating to grey list country: 10-year exemption |
|
| EX 37 |
Grey list company owning New Zealand venture capital company: 10-year exemption |
|
| EX 37B |
Share in grey list company acquired under venture investment agreement |
|
| EX 38 |
Exemptions for employee share schemes |
|
| EX 39 |
Terminating exemption for grey list company with numerous New Zealand shareholders [Repealed]
|
|
| EX 40 |
Foreign exchange control exemption |
|
| EX 41 |
Income interest of non-resident or transitional resident |
|
| EX 42 |
New resident’s accrued superannuation entitlement exemption [Repealed]
|
|
| EX 42B |
Interests in foreign superannuation scheme other than FIF superannuation interests |
|
| EX 43 |
Non-resident’s pension or annuity exemption |
|
|
|
|
| EX 44 |
Five calculation methods |
|
| EX 45 |
Exclusion of amounts of death benefit |
|
| EX 46 |
Limits on choice of calculation methods |
|
| EX 47 |
Method required for certain non-ordinary shares |
|
| EX 47B |
Method required for shares subject to certain returning share transfers |
|
| EX 48 |
Default calculation method |
|
| EX 49 |
Accounting profits method [Repealed]
|
|
| EX 50 |
Attributable FIF income method |
|
| EX 51 |
Comparative value method |
|
| EX 52A |
Fair dividend rate method: use of different forms |
|
| EX 52 |
Fair dividend rate annual method |
|
| EX 53 |
Fair dividend rate periodic method |
|
| EX 54 |
Fair dividend rate method and cost method: when periods affected by share reorganisations |
|
| EX 55 |
Deemed rate of return method |
|
| EX 56 |
Cost method |
|
| EX 57 |
Conversion of foreign currency amounts: most methods |
|
| EX 58 |
Additional FIF income or loss if CFC owns FIF |
|
|
|
|
| EX 59 |
Codes: comparative value method, deemed rate of return method, fair dividend rate method, and cost method |
|
| EX 60 |
Top-up FIF income: deemed rate of return method |
|
| EX 61 |
Top-up FIF income: 1 April 1993 uplift interests |
|
|
|
|
| EX 62 |
Limits on changes of method |
|
| EX 63 |
Consequences of changes in method |
|
|
|
|
| EX 64 |
Migration of persons holding FIF interests |
|
| EX 65 |
Changes in application of FIF exemptions |
|
| EX 66 |
Entities emigrating from New Zealand |
|
| EX 66B |
Entities ceasing to be FIFs |
|
| EX 67 |
FIF rules first applying to interest on or after 1 April 2007 |
|
| EX 67B |
Revaluation of inherited interests in grey list companies |
|
|
|
|
| EX 68 |
Measurement of cost |
|
|
|
|
| EX 69 |
Change of FIF’s balance date |
|
|
|
|
| EX 70 |
Market value of life policy and superannuation entitlements |
|
| EX 71 |
Non-market transactions in FIF interests |
|
|
|
|
| EX 72 |
Commissioner’s default assessment power |
|
|
|
|
| EX 73 |
Election that CFC not non-attributing active CFC or FIF not non-attributing active FIF |
|
|
|
|
|
|
|
| EY 1 |
What this subpart does |
|
| EY 2 |
Policyholder base |
|
| EY 3 |
Shareholder base |
|
| EY 4 |
Apportionment of income of particular source or nature, and of tax credits |
|
| EY 5 |
Part-year tax calculations |
|
| EY 6 |
Actuarial advice and guidance |
|
| EY 7 |
Meaning of claim |
|
| EY 8 |
Meaning of life insurance |
|
| EY 9 |
Meaning of life insurance policy |
|
| EY 10 |
Meaning of life insurer |
|
| EY 11 |
Superannuation schemes providing life insurance |
|
| EY 12 |
Meaning of life reinsurance |
|
| EY 13 |
Meaning of life reinsurance policy |
|
| EY 14 |
Life insurance and life reinsurance: how sections relate |
|
|
|
|
|
|
|
| EY 15 |
Policyholder base income: non-participation policies |
|
| EY 16 |
Policyholder base allowable deductions: non-participation policies |
|
| EY 16B |
Policyholder base allowable deductions: consideration for investment management services |
|
|
|
|
| EY 17 |
Policyholder base income: profit participation policies |
|
| EY 18 |
Policyholder base allowable deductions: profit participation policies |
|
|
|
|
|
|
|
| EY 19 |
Shareholder base income: non-participation policies |
|
| EY 19B |
Shareholder base income: consideration credited for investment management services |
|
| EY 20 |
Shareholder base allowable deductions: non-participation policies |
|
|
|
|
| EY 21 |
Shareholder base income: profit participation policies |
|
| EY 22 |
Shareholder base allowable deductions: profit participation policies |
|
|
|
|
| EY 23 |
Reserving amounts for life insurers: non-participation policies |
|
| EY 24 |
Outstanding claims reserving amount: non-participation policies not annuities |
|
| EY 25 |
Premium smoothing reserving amount: non-participation policies not annuities |
|
| EY 26 |
Unearned premium reserving amount: non-participation policies not annuities |
|
| EY 27 |
Capital guarantee reserving amount: non-participation policies not annuities |
|
|
|
|
| EY 28 |
Shareholder base other profit: profit participation policies that are existing business |
|
| EY 29 |
Shareholder base other profit: profit participation policies that are new business |
|
|
|
|
| EY 30 |
Transitional adjustments: life risk |
|
| EY 31 |
Annuities |
|
| EY 32 |
Mortality profit formula: when partial reinsurance exists [Repealed]
|
|
| EY 33 |
Mortality profit formula: individual result may be negative only in some cases [Repealed]
|
|
| EY 34 |
Mortality profit formula: negative result [Repealed]
|
|
| EY 35 |
How discontinuance profit is calculated [Repealed]
|
|
| EY 36 |
Discontinuance profit for income year [Repealed]
|
|
| EY 37 |
Discontinuance profit formula (existing policies) [Repealed]
|
|
| EY 38 |
Discontinuance profit formula (new policies) [Repealed]
|
|
| EY 39 |
Discontinuance profit formula (existing policies): when partial reinsurance exists [Repealed]
|
|
| EY 40 |
Discontinuance profit formula (new policies): when partial reinsurance exists [Repealed]
|
|
| EY 41 |
Discontinuance profit formulas: individual result may never be negative [Repealed]
|
|
| EY 42 |
How policyholder income is calculated [Repealed]
|
|
| EY 43 |
Policyholder income formula [Repealed]
|
|
| EY 43B |
Policyholder income formula: FDR adjustment [Repealed]
|
|
| EY 43C |
Policyholder income formula: PILF adjustment [Repealed]
|
|
| EY 44 |
Policyholder income formula: when partial reinsurance exists [Repealed]
|
|
| EY 45 |
Policyholder income formula: when life insurance business transferred [Repealed]
|
|
| EY 46 |
Income from disposal of property [Repealed]
|
|
| EY 47 |
Deductions for disposal of property [Repealed]
|
|
|
|
|
| EY 48 |
Non-resident life insurers with life insurance policies in New Zealand |
|
| EY 49 |
Non-resident life insurer becoming resident |
|
|
|
|
|
|
|
| EZ 1 |
Life insurers acquiring property before 1 April 1988 |
|
| EZ 2 |
Deductions for disposal of property: 1982–83 and 1989–90 income years |
|
|
|
|
| EZ 3 |
Petroleum development expenditure from 1 October 1990 to 15 December 1991 |
|
|
|
|
| EZ 4 |
Valuation of livestock bailed or leased as at 2 September 1992 |
|
| EZ 5 |
Reduction: bloodstock not previously used for breeding in New Zealand: pre-1 August 2006 |
|
| EZ 6 |
Reduction: broodmare previously used for breeding in New Zealand: pre-1 August 2006 |
|
| EZ 6B |
National minimum price threshold for 2019 calendar year |
|
|
|
|
| EZ 7 |
Acquiring patent rights before 1 April 1993 |
|
|
|
|
| EZ 8 |
Premium paid on land leased before 1 April 1993 |
|
|
|
|
| EZ 9 |
Pool method for items accounted for by globo method for 1992–93 income year |
|
| EZ 10 |
Pool items accounted for by globo method for 1992–93 income year |
|
| EZ 11 |
Amounts of depreciation recovery income and depreciation loss for part business use up to 2004–05 income year |
|
| EZ 12 |
Amount of depreciation loss for item acquired from associated person on or before 23 September 1997 |
|
| EZ 13 |
Annual rate for item acquired on or after 1 April 1993 and before end of person’s 1994–95 income year |
|
| EZ 14 |
Pre-1993 depreciation rate |
|
| EZ 15 |
Annual rate for excluded depreciable property: 1992–93 tax year |
|
| EZ 16 |
Amount of depreciation loss for plant or machinery additional to section EZ 15 amount |
|
| EZ 17 |
Additional amount of depreciation loss: between 16 December 1991 and 1 April 1994 |
|
| EZ 18 |
Section EZ 17 amount of depreciation loss when items transferred between companies in wholly-owned group before 1 April 1993 |
|
| EZ 19 |
Section EZ 17 amount of depreciation loss when person previously exempt from tax acquires item |
|
| EZ 20 |
Adjusted tax value for software acquired before 1 April 1993 |
|
| EZ 21 |
Sections EE 45 and EE 47: permanent removal: allowance before 1 April 1995 |
|
| EZ 22 |
Base value and total deductions in section EE 56: before 1 April 1995 |
|
| EZ 23 |
Economic rate for plant or equipment acquired before 1 April 2005 and buildings acquired before 19 May 2005 |
|
| EZ 23BA |
Aircraft acquired before 2017–18 income year: adjusted tax value, base value, reduced; total deductions increased |
|
| EZ 23B |
Property acquired after depreciable property affected by Canterbury earthquakes |
|
| EZ 23BB |
Interest in property acquired after depreciable property affected by Canterbury earthquakes |
|
| EZ 23BC |
Property acquired after depreciable property affected by Hurunui/Kaikōura earthquakes |
|
| EZ 23C |
Insurance for Canterbury earthquake damage of property: treatment as disposal and reacquisition [Repealed]
|
|
| EZ 23D |
Insurance for Canterbury earthquake damage of property: limit on depreciation recovery income [Repealed]
|
|
| EZ 23E |
Item treated as available for use if access restricted due to Canterbury earthquake [Repealed]
|
|
| EZ 23F |
Insurance for Canterbury earthquake damage causing disposal: optional timing rule for income, deductions [Repealed]
|
|
| EZ 23G |
Insurance for repairs of Canterbury earthquake damage: optional timing rule for income, deductions [Repealed]
|
|
|
|
|
| EZ 24 |
Meaning of new asset |
|
| EZ 25 |
Meaning of New Zealand-new asset |
|
| EZ 26 |
Meaning of qualifying capital value |
|
| EZ 27 |
Meaning of qualifying improvement |
|
| EZ 28 |
Meaning of qualifying asset |
|
|
|
|
| EZ 29 |
Private insurers under Accident Insurance Act 1998 |
|
| EZ 30 |
Base premium for 1998–99 premium year under Accident Insurance Act 1998 |
|
|
|
|
| EZ 31 |
Disclosure restrictions on grey list CFCs before 2011–12 [Repealed]
|
|
| EZ 32 |
Terminating exemption for grey list FIF investing in Australasian listed equities [Repealed]
|
|
| EZ 32B |
Transitional rule for IFRS reporting [Repealed]
|
|
| EZ 32C |
Treatment in section EX 20C of currency effects on CFC’s borrowing [Repealed]
|
|
| EZ 32D |
Value of asset fraction: CFC with excessive debt funding and loan entered before 21 June 2012 |
|
| EZ 32E |
Change in section EX 20B for income of CFC insurer: interest on terminal tax |
|
| EZ 32F |
Applicable accounting standard for section EX 21E: former generally accepted accounting practice without IFRS |
|
| EZ 32G |
Person deriving pension from foreign superannuation scheme and returning as income before 1 April 2014 |
|
|
|
|
| EZ 33 |
Application of old financial arrangements rules |
|
| EZ 34 |
Election to apply financial arrangements rules in subpart EW |
|
| EZ 35 |
Accruals in relation to income and expenditure in respect of financial arrangements |
|
| EZ 36 |
Excepted financial arrangement that is part of financial arrangement |
|
| EZ 37 |
Cash basis holder |
|
| EZ 38 |
Income and expenditure where financial arrangement redeemed or disposed of |
|
| EZ 39 |
Forgiveness of debt |
|
| EZ 40 |
Accrued income written off |
|
| EZ 41 |
Disposal of debt to associate of debtor |
|
| EZ 42 |
Post facto adjustment |
|
| EZ 43 |
Variable principal debt instruments |
|
| EZ 44 |
Relationship with rest of Act |
|
| EZ 45 |
Application of old financial arrangements rules |
|
| EZ 46 |
Election to treat short term trade credit as financial arrangement |
|
| EZ 47 |
Election to continue to treat certain excepted financial arrangements as financial arrangements |
|
| EZ 48 |
Definitions |
|
| EZ 49 |
Determination of core acquisition price where consideration for property denominated in foreign currency |
|
| EZ 50 |
Rules for non-market transactions |
|
| EZ 51 |
Transitional adjustment when changing to financial arrangements rules |
|
| EZ 52 |
References to new rules include old rules |
|
| EZ 52B |
Consistency of use of IFRS method: Determination G3 change allowed |
|
| EZ 52C |
Change of spreading method: Determination G22 to Determination G22A |
|
| EZ 52D |
Base price adjustment: financial arrangements to which Determination G22 and Determination G22A applied |
|
|
|
|
|
|
|
| EZ 53 |
How expected death strain is calculated |
|
| EZ 54 |
Expected death strain formulas |
|
| EZ 55 |
Expected death strain formulas: option when more than 1 life insured |
|
| EZ 56 |
Expected death strain formula (life): when annuity payable on death |
|
| EZ 57 |
Expected death strain formulas: when annuity payable on survival to date or age specified in policy |
|
| EZ 58 |
Expected death strain formula (life): when partial reinsurance exists |
|
|
|
|
| EZ 59 |
Meaning of actuarial reserves |
|
| EZ 60 |
Actuarial reserves: calculation |
|
|
|
|
| EZ 61 |
Allowance for cancelled amount: spreading |
|
| EZ 62 |
Reinsurance transition: life financial reinsurance may be life reinsurance |
|
| EZ 63 |
Disposal and acquisition upon entry |
|
|
|
|
| EZ 64 |
New Zealand Railways Corporation restructure: purpose and initial amounts for tax purposes |
|
| EZ 65 |
Expenditure or loss incurred, and amounts derived |
|
| EZ 66 |
Prepayments |
|
| EZ 67 |
Leased assets |
|
| EZ 68 |
Definitions |
|
|
|
|
| EZ 69 |
IFRS financial reporting method: interest-free and low-interest loans |
|
| EZ 69B |
IFRS financial reporting method: equity or other comprehensive income |
|
|
|
|
| EZ 70 |
Insurance for Canterbury earthquake damage of property: treatment as disposal and reacquisition |
|
| EZ 71 |
Insurance for Canterbury earthquake damage of property: limit on depreciation recovery income |
|
| EZ 72 |
Item treated as available for use if access restricted due to Canterbury earthquake |
|
| EZ 73 |
Insurance for Canterbury earthquake damage causing disposal: optional timing rule for income, deductions |
|
| EZ 74 |
Insurance for repairs of Canterbury earthquake damage: optional timing rule for income, deductions |
|
| EZ 75 |
Consideration for property or services: IFRS foreign ASAPs before 2014–15 income year |
|
| EZ 76 |
Consideration for property or services: non-IFRS foreign ASAPs before 2014–15 income year |
|
| EZ 77 |
Substituting debentures repeal: transitional rules |
|
|
|
|
| EZ 78 |
Insurance for Hurunui/Kaikōura earthquake damage of property: treatment as disposal and reacquisition |
|
| EZ 79 |
Insurance for Hurunui/Kaikōura earthquake damage of property: limit on depreciation recovery income |
|
|
|
|
| EZ 80 |
Transfers of deposits when adverse event income equalisation accounts abolished |
|
|
|
|
|
|
|
|
|
|
| FA 1 |
What this subpart does |
|
|
|
|
| FA 2 |
Recharacterisation of certain debentures |
|
| FA 2B |
Stapled debt securities |
|
| FA 3 |
Recharacterisation of certain dividends: recovery of cost of shares held on revenue account |
|
| FA 4 |
Recharacterisation of shareholder’s base: company reacquiring share |
|
|
|
|
| FA 5 |
Assets acquired and disposed of after deduction of payments under lease |
|
|
|
|
| FA 6 |
Recharacterisation of amounts derived under finance leases |
|
| FA 7 |
Determining amount of loan |
|
| FA 8 |
Deductibility of expenditure under finance lease |
|
| FA 9 |
Treatment when lease ends: lessee acquiring asset |
|
| FA 10 |
Treatment when lease ends: lessor acquiring asset |
|
| FA 11 |
Adjustments for leases that become finance leases |
|
| FA 11B |
Adjustments for certain operating leases |
|
|
|
|
| FA 12 |
Recharacterisation of amounts derived under hire purchase agreements |
|
| FA 13 |
Agreements recharacterised as sale with finance provided |
|
| FA 14 |
Deductibility of expenditure or loss under hire purchase agreement |
|
| FA 15 |
Treatment when agreement ends: seller acquiring property |
|
| FA 16 |
Treatment when agreement ends: when seller is cash basis person |
|
| FA 17 |
Treatment when agreement ends: when buyer is cash basis person |
|
| FA 18 |
Treatment of amounts paid in income years after agreement ends |
|
|
|
|
| FB 1 |
When this subpart applies |
|
| FB 1B |
Meaning of settlement of relationship property and property |
|
| FB 1C |
Obligations for periods before and from transfer of property |
|
| FB 2 |
Personal property |
|
| FB 3A |
Residential land |
|
| FB 3 |
Land acquired for certain purposes or under certain conditions |
|
| FB 4 |
Land under scheme for major development or division |
|
| FB 5 |
Disposal of land |
|
| FB 6 |
Timber or right to take timber |
|
| FB 7 |
Land with standing timber |
|
| FB 8 |
Patent applications and patent rights |
|
| FB 9 |
Financial arrangements rules |
|
| FB 10 |
Continuity provisions: shares and options |
|
| FB 10B |
Look-through companies |
|
| FB 11 |
Pension payments to former employees |
|
| FB 12 |
Pension payments to former partners |
|
| FB 13 |
Trading stock |
|
| FB 14 |
Specified livestock |
|
| FB 15 |
Specified livestock valued under herd scheme |
|
| FB 16 |
Non-specified livestock |
|
| FB 17 |
High-priced livestock |
|
| FB 18 |
Bloodstock |
|
| FB 19 |
Leased assets |
|
| FB 20 |
Mining assets [Repealed]
|
|
| FB 21 |
Depreciable property |
|
|
|
|
|
|
|
| FC 1 |
Disposals to which this subpart applies |
|
| FC 2 |
Transfer at market value |
|
|
|
|
| FC 3 |
Property transferred to spouse, civil union partner, or de facto partner |
|
| FC 4 |
Property transferred to charities or to close relatives and others |
|
| FC 5 |
Land transferred to close relatives |
|
| FC 6 |
Forestry assets transferred to close relatives |
|
| FC 7 |
Transfer of prepaid property |
|
| FC 8 |
Transfer of certain financial arrangements |
|
| FC 9 |
Residential land transferred to executor, administrator, or beneficiary on death of person |
|
|
|
|
| FC 10 |
Transfers from person to Official Assignee under Insolvency Act 2006 |
|
|
|
|
|
|
|
| FE 1 |
What this subpart does |
|
| FE 2 |
When this subpart applies |
|
| FE 3 |
Interest apportionment for individuals |
|
| FE 4 |
Some definitions |
|
| FE 4B |
Meaning of public project asset, public project debt, and public project participant debt |
|
|
|
|
| FE 5 |
Thresholds for application of interest apportionment rules |
|
| FE 6 |
Apportionment of interest by excess debt entity |
|
| FE 6B |
Alternative apportionment of interest by some excess debt entities |
|
| FE 7 |
Apportionment of interest by reporting bank |
|
| FE 7B |
Interest on public project debt for certain excess debt entities |
|
| FE 8 |
Measurement dates |
|
| FE 9 |
Elections |
|
| FE 10 |
Currency |
|
| FE 11 |
Disregarded increases or decreases in value |
|
|
|
|
| FE 12 |
Calculation of debt percentages |
|
| FE 12B |
Calculations for group for test and apportionment using interest-income ratio |
|
| FE 13 |
Financial arrangements entered into with persons outside group |
|
|
|
|
| FE 14 |
Consolidation of debts and assets |
|
| FE 15 |
Total group debt |
|
| FE 16 |
Total group assets |
|
| FE 16B |
Total group non-debt liabilities |
|
|
|
|
| FE 17 |
Consolidation of debts and assets |
|
| FE 18 |
Measurement of debts and assets of worldwide group |
|
|
|
|
| FE 19 |
Banking group’s equity threshold |
|
| FE 20 |
Financial value and regulatory value |
|
| FE 21 |
Banking group’s New Zealand net equity |
|
| FE 22 |
Notional offshore investment |
|
| FE 23 |
Banking group’s funding debt |
|
| FE 24 |
Regulations |
|
|
|
|
|
|
|
| FE 25 |
New Zealand group for excess debt entity that is a company or non-resident owning body |
|
| FE 26 |
Identifying New Zealand parent |
|
| FE 27 |
Establishing companies under parent’s control |
|
| FE 28 |
Identifying members of New Zealand group |
|
| FE 29 |
Combining New Zealand groups owned by natural persons and trustees |
|
| FE 30 |
Ownership interests in companies outside New Zealand group |
|
|
|
|
| FE 31 |
Worldwide group for corporate excess debt entity if not excess debt outbound company |
|
| FE 31B |
Worldwide group for excess debt outbound companies |
|
| FE 31C |
CFCs in worldwide group for natural persons or trustees described in section FE 2(1)(g) |
|
| FE 31D |
Worldwide group for entity controlled by non-resident owning body or trustee |
|
| FE 32 |
Joint venture parties |
|
|
|
|
| FE 33 |
New Zealand banking group |
|
| FE 34 |
Identifying ultimate parent |
|
| FE 35 |
Persons who may be excluded from banking groups |
|
| FE 36 |
Identifying members of New Zealand banking group in usual case |
|
| FE 36B |
Identifying members of New Zealand banking group: Crown-owned, no interest apportionment |
|
| FE 37 |
Reporting bank for New Zealand banking group |
|
|
|
|
| FE 38 |
Measuring ownership interests in companies |
|
| FE 39 |
Direct ownership interests |
|
| FE 40 |
Tiered ownership interests |
|
| FE 41 |
Treatment of associated persons’ interests |
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| FF 1 |
What this subpart does [Repealed]
|
|
| FF 2 |
When interest apportionment rule applies [Repealed]
|
|
| FF 3 |
Steps required to determine treatment of excessive interest expenditure [Repealed]
|
|
|
[Repealed]
|
|
| FF 4 |
Threshold for application of interest apportionment rule [Repealed]
|
|
| FF 5 |
Determination of excess amount of interest expenditure of group [Repealed]
|
|
| FF 6 |
Conduit tax relief [Repealed]
|
|
| FF 7 |
Surplus to foreign dividends [Repealed]
|
|
|
[Repealed]
|
|
| FF 8 |
Identifying members of foreign groups [Repealed]
|
|
| FF 9 |
Calculating debt percentage of New Zealand foreign groups [Repealed]
|
|
| FF 10 |
Calculating debt percentage of consolidated foreign groups [Repealed]
|
|
| FF 11 |
Changes in foreign group membership [Repealed]
|
|
|
|
|
| FG 1 |
When this subpart applies |
|
| FG 2 |
Notional loans |
|
| FG 3 |
Notional interest |
|
|
|
|
| FH 1 |
Subpart implements OECD recommendations for domestic law |
|
| FH 2 |
Order of application of provisions |
|
| FH 3 |
Payments under financial instruments producing deduction without income |
|
| FH 4 |
Receipts under financial instruments producing deduction without income |
|
| FH 5 |
Payments by New Zealand resident or New Zealand deducting branch producing deduction without income |
|
| FH 6 |
Receipts from non-resident or foreign deducting branch producing deduction without income |
|
| FH 7 |
Payments to person outside New Zealand producing deduction without income |
|
| FH 8 |
Expenditure or loss through hybrid entity or foreign deducting branch producing double deduction without double income |
|
| FH 9 |
Expenditure or loss of hybrid entity, or non-resident through deducting branch, producing double deduction without double income |
|
| FH 10 |
Expenditure or loss of dual resident company producing double deduction without double income |
|
| FH 11 |
Residents, or non-residents with deducting branches, having expenditure funding overseas hybrid mismatches |
|
| FH 12 |
Offset of mismatch amounts against surplus assessable income |
|
| FH 13 |
Election by borrower under financial arrangement |
|
| FH 14 |
Irrevocable election by owner of hybrid entity |
|
| FH 15 |
Definitions |
|
|
|
|
| FL 1 |
What this subpart does |
|
| FL 2 |
Treatment of emigrating companies and their shareholders |
|
|
|
|
|
|
|
| FM 1 |
What this subpart applies to |
|
| FM 2 |
Consolidation rules |
|
| FM 3 |
Liability of consolidated groups and group companies |
|
| FM 4 |
Limiting joint and several liability of group companies |
|
| FM 5 |
Liability when company leaves consolidated group |
|
| FM 6 |
Some general rules for treatment of consolidated groups |
|
|
|
|
|
|
|
| FM 7 |
Treatment of amounts derived or expenditure incurred |
|
| FM 8 |
Transactions between group companies: income |
|
| FM 9 |
Amounts that are company’s income |
|
| FM 10 |
Expenditure: intra-group transactions |
|
| FM 11 |
Expenditure: nexus with income derivation |
|
| FM 12 |
Expenditure when deduction would be denied to consolidated group |
|
| FM 13 |
Capital expenditure |
|
| FM 14 |
Part-year financial statements |
|
|
|
|
| FM 15 |
Amortising property and revenue account property |
|
| FM 16 |
Land or business: certain farming or forestry expenditure |
|
| FM 17 |
Trading stock |
|
| FM 18 |
Financial arrangements: transfer from company A to company B |
|
| FM 19 |
Financial arrangements: transfer for fair and reasonable consideration |
|
| FM 20 |
Financial arrangements: transfer at market value |
|
| FM 21 |
Property transfers when companies leave consolidated groups |
|
| FM 22 |
Arrangements to avoid consolidation rules |
|
| FM 23 |
Arrangements for disposal of shares |
|
|
[Repealed]
|
|
| FM 24 |
General treatment of foreign dividends [Repealed]
|
|
| FM 25 |
Reduction in payments for foreign dividends [Repealed]
|
|
| FM 26 |
Using tax losses to pay FDP [Repealed]
|
|
| FM 27 |
Refunds of FDP [Repealed]
|
|
| FM 28 |
Refund when consolidated group has loss [Repealed]
|
|
| FM 29 |
Treatment of credit balance in consolidated group’s FDP account [Repealed]
|
|
| FM 30 |
Application of certain provisions to consolidated groups |
|
|
|
|
|
|
|
| FM 31 |
Eligibility rules |
|
| FM 32 |
Restriction on membership of consolidated groups |
|
| FM 33 |
When membership is reduced |
|
|
|
|
| FM 34 |
Nominated companies |
|
|
|
|
| FM 35 |
Forming consolidated group |
|
| FM 36 |
Joining existing consolidated group |
|
| FM 37 |
Leaving consolidated group |
|
|
|
|
| FM 38 |
Notice requirements on forming or joining consolidated group |
|
| FM 39 |
Choosing to leave consolidated group |
|
| FM 40 |
Losing eligibility to be part of consolidated group |
|
| FM 41 |
No nominated company |
|
| FM 42 |
When company liquidated |
|
|
|
|
| FN 1 |
When this subpart applies |
|
| FN 2 |
Imputation rules |
|
| FN 3 |
Liabilities of companies in imputation group |
|
| FN 4 |
Eligibility rules |
|
| FN 5 |
Imputation groups with reduced numbers |
|
| FN 6 |
Nominated companies |
|
| FN 7 |
Forming imputation groups |
|
| FN 8 |
Trans-Tasman imputation groups and resident imputation subgroups |
|
| FN 9 |
Joining existing imputation group |
|
| FN 10 |
When membership of imputation group ends |
|
| FN 11 |
Company choosing to leave imputation group |
|
| FN 12 |
Company no longer eligible or entitled to membership |
|
| FN 13 |
Imputation group with no nominated company |
|
| FN 14 |
Effect of liquidation of company |
|
|
|
|
|
|
|
| FO 1 |
What this subpart does |
|
| FO 2 |
Amalgamation rules |
|
| FO 3 |
Resident’s restricted amalgamations |
|
| FO 4 |
Rights and obligations of amalgamated companies |
|
| FO 5 |
Amalgamations and remitted liabilities |
|
|
|
|
| FO 6 |
Cancellation of shares |
|
| FO 7 |
Income derived after amalgamation |
|
| FO 8 |
Bad debts and expenditure or loss on resident’s restricted amalgamation |
|
| FO 9 |
Unexpired portion of prepaid expenditure |
|
|
|
|
| FO 10 |
When property passes on resident’s restricted amalgamation |
|
| FO 11 |
When property passes on amalgamation other than resident’s restricted amalgamation |
|
| FO 12 |
Financial arrangements: resident’s restricted amalgamation, companies in wholly-owned group |
|
| FO 13 |
Financial arrangements: resident’s restricted amalgamation, calculation method unchanged |
|
| FO 14 |
Financial arrangements: resident’s restricted amalgamation, other cases |
|
| FO 15 |
Financial arrangements: amalgamation other than resident’s restricted amalgamation |
|
| FO 16 |
Amortising property |
|
| FO 17 |
Land |
|
|
|
|
| FO 18 |
When amalgamating companies are parties to financial arrangement |
|
| FO 19 |
Calculation of outstanding accrued balance: consideration for discharge |
|
| FO 20 |
Calculation of outstanding accrued balance: amounts remitted |
|
| FO 21 |
When amalgamating companies are parties to financial arrangements: economic groups |
|
|
|
|
|
|
|
| FZ 1 |
Treatment of interest payable under debentures issued before certain date |
|
|
|
|
| FZ 2 |
Effect of specified lease on lessor and lessee |
|
| FZ 3 |
Income of lessor under specified lease |
|
| FZ 4 |
Deductions under specified leases |
|
|
|
|
| FZ 5 |
Commercial bills |
|
|
|
|
| FZ 6 |
Transitional valuation rule for estate property |
|
|
|
|
| FZ 7 |
Valuation of group assets: insurance proceeds from Canterbury earthquake |
|
|
|
|
| FZ 8 |
Transition period for amendments to interest apportionment rules |
|
|
|
|
|
|
|
| GA 1 |
Commissioner’s power to adjust |
|
| GA 2 |
Commissioner’s power to adjust: fringe benefit tax |
|
|
|
|
|
|
|
| GB 1 |
Arrangements involving dividend stripping |
|
|
|
|
| GB 2 |
Arrangements involving transfer pricing |
|
|
|
|
| GB 3 |
Arrangements for carrying forward loss balances: companies |
|
| GB 4 |
Arrangements for grouping tax losses: companies |
|
|
|
|
| GB 5 |
Arrangements involving trust beneficiaries |
|
|
|
|
| GB 6 |
Arrangements involving qualifying companies |
|
|
|
|
| GB 7 |
Arrangements involving CFC control interests |
|
| GB 8 |
Arrangements involving attributed repatriation from CFCs [Repealed]
|
|
| GB 9 |
Temporary disposals of direct control or income interests |
|
| GB 10 |
Temporary acquisitions of direct control or income interests |
|
| GB 11 |
Temporary increases in totals for control interest categories |
|
| GB 12 |
Temporary reductions in totals for control interest categories |
|
| GB 13 |
When combination of changes reduces income |
|
| GB 14 |
When combination of changes increases loss |
|
| GB 15 |
CFC income or loss: arrangements related to quarterly measurement |
|
| GB 15BA |
CFC income or loss: arrangements for inclusion of CFC in test group |
|
| GB 15B |
Supplies affecting default test for non-attributing active CFC |
|
| GB 15C |
Arrangements related to accounting test for non-attributing active CFC |
|
|
|
|
| GB 16 |
FIF income or loss: arrangements for measurement day concessions |
|
|
|
|
| GB 17 |
Excessive amounts for film rights or production expenditure |
|
| GB 18 |
Arrangements to acquire film rights or incur production expenditure |
|
| GB 19 |
When film production expenditure payments delayed or contingent |
|
|
|
|
| GB 20 |
Arrangements involving petroleum and mineral mining |
|
|
|
|
| GB 21 |
Dealing that defeats intention of financial arrangements rules |
|
|
|
|
| GB 22 |
Arrangements involving trust beneficiary income |
|
|
|
|
| GB 23 |
Excessive remuneration to relatives |
|
| GB 24 |
Exemption for genuine contracts |
|
| GB 25 |
Close company remuneration to shareholders, directors, or relatives |
|
| GB 25B |
Excessive effective look-through interests |
|
|
|
|
| GB 26 |
Arrangements involving repatriation of commercial bills |
|
|
|
|
| GB 27 |
Attribution rule for income from personal services |
|
| GB 28 |
Interpretation of terms used in section GB 27 |
|
| GB 29 |
Attribution rule: calculation |
|
|
|
|
| GB 30 |
Arrangements to avoid taxation of restrictive covenant payments |
|
|
|
|
| GB 31 |
FBT arrangements: general |
|
| GB 32 |
Benefits provided to employee’s associates |
|
|
|
|
| GB 33 |
Arrangements involving depreciation loss |
|
|
|
|
| GB 34 |
ICA arrangements for carrying amounts forward |
|
| GB 35 |
Imputation arrangements to obtain tax advantage |
|
| GB 36 |
Reconstruction of imputation arrangements to obtain tax advantage |
|
| GB 37 |
Arrangements for payment of dividend by other companies |
|
| GB 38 |
When sections GB 35 to GB 37 apply to consolidated groups |
|
|
|
|
| GB 39 |
FDP arrangements: general [Repealed]
|
|
| GB 40 |
BETA arrangements for carrying amounts forward [Repealed]
|
|
| GB 41 |
FDPA arrangements for carrying amounts forward [Repealed]
|
|
|
|
|
| GB 42 |
Maori authority credit arrangements to obtain tax advantage |
|
| GB 43 |
Reconstruction of Maori authority credit arrangements to obtain tax advantage |
|
|
|
|
| GB 44 |
Arrangements involving tax credits for families |
|
|
|
|
| GB 45 |
Arrangements involving money not at risk |
|
| GB 46 |
Deferral of surplus deductions from arrangements |
|
| GB 47 |
Calculation rules for sections GB 45 and GB 46 |
|
| GB 48 |
Defined terms for sections GB 45 and GB 46 |
|
|
|
|
| GB 49 |
Arrangements involving returning share transfers |
|
|
|
|
| GB 49B |
Employee share schemes |
|
|
|
|
| GB 50 |
Arrangements involving partners and owners |
|
|
|
|
| GB 51 |
Proportionality between amount of debt and ownership interests |
|
| GB 51B |
Increases or decreases in value |
|
|
|
|
| GB 52 |
Arrangements involving residential land: companies’ shares |
|
| GB 53 |
Arrangements involving residential land: trusts |
|
|
|
|
| GB 54 |
Arrangements involving establishments |
|
|
|
|
| GB 55 |
Arrangements involving tax credits for charitable or other public benefit gifts |
|
|
|
|
| GB 56 |
Arrangements involving research and development tax credits |
|
|
|
|
|
|
|
| GC 1 |
Disposals of trading stock at below market value |
|
| GC 2 |
Disposals of timber rights or standing timber |
|
| GC 3 |
Disposals by life insurers |
|
| GC 3B |
Disposals of emissions units |
|
| GC 4 |
Disposals and acquisitions of FIF attributing interests |
|
| GC 4B |
Disposals of ETS units at below market value [Repealed]
|
|
|
|
|
| GC 5 |
Leases for inadequate rent |
|
|
|
|
| GC 6 |
Purpose and application of rules and nature of arrangements |
|
| GC 7 |
Excess amount payable by person |
|
| GC 8 |
Insufficient amount receivable by person |
|
| GC 9 |
Compensating arrangement: person paying less than arm’s length amount |
|
| GC 10 |
Compensating arrangement: person receiving more than arm’s length amount |
|
| GC 11 |
Applications for matching treatment |
|
| GC 12 |
Effect on person’s withholding obligations |
|
| GC 13 |
Calculation of arm’s length amounts |
|
| GC 14 |
Definitions for sections GC 6 to GC 13 |
|
|
|
|
| GC 15 |
Aspects of loan adjusted for application of sections |
|
| GC 16 |
Credit rating of borrower: other than insuring or lending person |
|
| GC 17 |
Credit rating of borrower: insuring or lending person |
|
| GC 18 |
Loan features disregarded by rules for transfer pricing arrangements |
|
| GC 19 |
Sections GC 15 to GC 18 and financial arrangements entered before application period |
|
|
|
|
| GZ 1 |
Limitation on section GB 20: petroleum and mineral mining arrangements |
|
| GZ 2 |
Arrangements involving cancellation of conduit tax relief credits [Repealed]
|
|
| GZ 3 |
Donations of trading stock for relief of Canterbury earthquakes |
|
|
|
|
|
|
|
|
|
|
| HA 1 |
What this subpart does |
|
| HA 2 |
Meaning of qualifying company |
|
| HA 3 |
Meaning of loss-attributing qualifying company [Repealed]
|
|
| HA 4 |
Conditions applying |
|
|
|
|
| HA 5 |
Elections to become qualifying company |
|
| HA 6 |
Corporate requirements |
|
| HA 7 |
Shareholding requirements |
|
| HA 7B |
Grandparenting requirement |
|
| HA 8 |
Shareholders’ personal liability |
|
| HA 8B |
No CFC income interests or FIF direct income interests of 10% or more |
|
| HA 9 |
Limit on foreign non-dividend income |
|
| HA 10 |
Nature of LAQC shares [Repealed]
|
|
| HA 11 |
When requirements no longer met: qualifying companies |
|
| HA 11B |
When requirements no longer met: LAQCs [Repealed]
|
|
| HA 12 |
Avoidance arrangements [Repealed]
|
|
|
|
|
| HA 13 |
Qualifying companies’ distributions |
|
| HA 14 |
Dividends paid by qualifying companies |
|
| HA 15 |
Fully imputed distributions |
|
| HA 16 |
Dividends paid by qualifying companies to trustee shareholders |
|
| HA 17 |
Dividends derived by qualifying companies |
|
| HA 18 |
Treatment of dividends when qualifying company status ends |
|
| HA 19 |
Credit accounts and dividend statements |
|
| HA 20 |
Attribution of tax losses [Repealed]
|
|
| HA 21 |
Loss balances not carried forward |
|
| HA 22 |
Group companies using tax losses |
|
| HA 23 |
Treatment of tax losses on amalgamation |
|
|
[Repealed]
|
|
| HA 24 |
Treatment of tax losses other than certain foreign losses [Repealed]
|
|
| HA 25 |
Treatment of certain foreign losses [Repealed]
|
|
| HA 26 |
Attribution when balance dates differ [Repealed]
|
|
| HA 27 |
Attribution when loss results in reduction in value of shares [Repealed]
|
|
|
|
|
| HA 28 |
Elections by trustee shareholders |
|
| HA 29 |
Elections by majority shareholders |
|
| HA 30 |
When elections take effect |
|
| HA 31 |
Revocation of directors’ elections |
|
| HA 32 |
Revocation of shareholders’ elections: by notice |
|
| HA 33 |
Revocation of shareholders’ elections: by event |
|
| HA 33B |
Transitional rules for look-through companies, partnerships, and sole traderships |
|
| HA 34 |
Period of grace following death of shareholder |
|
| HA 35 |
Period of grace following revocation of election |
|
| HA 36 |
Period of grace following revocation of joint election |
|
| HA 37 |
Period of grace for new shareholder |
|
|
[Repealed]
|
|
| HA 38 |
Elections by directors and shareholders required [Repealed]
|
|
| HA 39 |
Revocation of elections [Repealed]
|
|
|
|
|
| HA 40 |
Liability for qualifying company election tax |
|
| HA 41 |
Calculating qualifying company election tax |
|
| HA 42 |
Paying qualifying company election tax |
|
|
|
|
| HA 43 |
Meaning of effective interest |
|
| HA 44 |
Measuring effective interests |
|
|
|
|
| HB 1 |
Look-through companies are transparent |
|
| HB 2 |
Previous income and expenditure or loss |
|
| HB 3 |
Loss balances extinguished |
|
| HB 4 |
General provisions relating to disposals |
|
| HB 5 |
Disposal of owner’s interests |
|
| HB 6 |
Disposal of trading stock |
|
| HB 7 |
Disposal of depreciable property |
|
| HB 8 |
Disposal of financial arrangements and certain excepted financial arrangements |
|
| HB 9 |
Disposal of short-term agreements for sale and purchase |
|
| HB 10 |
Disposal of livestock |
|
| HB 11 |
Limitation on deductions by persons with interests in look-through companies |
|
| HB 12 |
Limitation on deductions by owners of look-through companies: carry-forward |
|
| HB 13 |
LTC elections |
|
|
|
|
|
|
|
| HC 1 |
What this subpart does |
|
| HC 2 |
Obligations of joint trustees for calculating income and providing returns |
|
| HC 3 |
Multiple settlements |
|
| HC 4 |
Corpus of trust |
|
|
|
|
| HC 5 |
Amounts derived by trustees |
|
| HC 6 |
Beneficiary income |
|
| HC 7 |
Trustee income |
|
| HC 8 |
Amounts received after person’s death |
|
|
|
|
| HC 9 |
Classifying trusts |
|
| HC 10 |
Complying trusts |
|
| HC 11 |
Foreign trusts |
|
| HC 12 |
Non-complying trusts |
|
| HC 13 |
Charitable trusts |
|
|
|
|
| HC 14 |
Distributions from trusts |
|
| HC 15 |
Taxable distributions from non-complying and foreign trusts |
|
| HC 16 |
Ordering rule for distributions from non-complying and foreign trusts |
|
|
|
|
| HC 17 |
Amounts derived as beneficiary income |
|
| HC 18 |
Taxable distributions from foreign trusts |
|
| HC 19 |
Taxable distributions from non-complying trusts |
|
| HC 20 |
Distributions from complying trusts |
|
| HC 21 |
Distributions from community trusts |
|
| HC 22 |
Use of tax losses to reduce taxable distributions from non-complying trusts |
|
| HC 23 |
Temporary absences of beneficiaries |
|
|
|
|
| HC 24 |
Trustees’ obligations |
|
| HC 25 |
Foreign-sourced amounts: non-resident trustees |
|
| HC 26 |
Foreign-sourced amounts: resident trustees |
|
|
|
|
| HC 27 |
Who is a settlor? |
|
| HC 28 |
Activities treated as those of settlor |
|
| HC 29 |
Settlors’ liability to income tax |
|
|
|
|
| HC 30 |
Treatment of foreign trusts when settlor becomes resident |
|
|
|
|
| HC 31 |
When existing trusts come into tax base |
|
|
|
|
| HC 32 |
Liability of trustee as agent |
|
| HC 33 |
Choosing to satisfy income tax liability of trustee |
|
| HC 34 |
Taxable distributions from non-complying trusts |
|
| HC 35 |
Beneficiary income of minors |
|
| HC 36 |
Trusts and minor beneficiary rule |
|
| HC 37 |
Testamentary trusts and minor beneficiary rule |
|
|
|
|
|
|
|
| HD 1 |
What this subpart does |
|
| HD 2 |
Joint liability of principal and agent for tax obligations |
|
| HD 3 |
Agents’ duties and liabilities |
|
| HD 4 |
Treatment of principals |
|
| HD 5 |
Matters between principals and agents |
|
| HD 6 |
When relationship effectively that of principal and agent |
|
| HD 7 |
Rate and amount of tax |
|
|
|
|
| HD 8 |
Circumstances giving rise to agency |
|
| HD 9 |
Guardians |
|
| HD 10 |
Mortgagees in possession |
|
| HD 11 |
Nominated companies |
|
| HD 12 |
Trusts |
|
| HD 13 |
Unit trusts |
|
| HD 13B |
AIM companies |
|
| HD 14 |
Companies issuing debentures |
|
| HD 15 |
Asset stripping of companies |
|
| HD 16 |
Non-resident general insurers |
|
| HD 17 |
Agent paying premiums to residents of Switzerland |
|
| HD 17B |
Lloyd’s of London: agents for life insurance |
|
|
|
|
| HD 18 |
Agency in relation to absentees generally |
|
| HD 19 |
Persons receiving absentees’ income |
|
| HD 20 |
Persons carrying on business for absentees |
|
| HD 20B |
General partners and partners carrying on with or managing business involving absentees |
|
| HD 21 |
Companies |
|
| HD 22 |
Banking companies |
|
| HD 23 |
Trustees of group investment funds |
|
| HD 24 |
Shipping businesses |
|
| HD 25 |
Persons remitting amounts outside New Zealand |
|
|
|
|
| HD 26 |
Agency in relation to non-residents generally |
|
| HD 27 |
Employers |
|
| HD 28 |
Government pensions and payments under superannuation schemes |
|
| HD 29 |
Persons acquiring goods from overseas |
|
| HD 30 |
Members of wholly-owned large multinational group |
|
|
|
|
| HE 1 |
Income and deductions of mutual associations |
|
| HE 2 |
Classes of mutual transaction |
|
| HE 3 |
Association rebates |
|
| HE 4 |
Apportionment when transactions with members and non-members |
|
| HE 5 |
Association rebates paid by shares or credit |
|
|
|
|
|
|
|
| HF 1 |
Maori authorities and the Maori authority rules |
|
| HF 2 |
Who is eligible to be a Maori authority? |
|
| HF 3 |
Applying provisions to Maori authorities |
|
|
|
|
| HF 4 |
What constitutes a Maori authority distribution? |
|
| HF 5 |
Notional distributions of co-operative companies |
|
| HF 6 |
Tax treatment of Maori authority distributions |
|
| HF 7 |
Taxable Maori authority distributions |
|
| HF 8 |
Proportional allocation |
|
|
|
|
|
|
|
| HF 9 |
Treatment of companies and trusts that choose to apply this subpart |
|
| HF 10 |
Market value calculations |
|
| HF 11 |
Choosing to become Maori authority |
|
|
|
|
|
|
|
| HG 1 |
Joint venturers |
|
|
|
|
| HG 2 |
Partnerships are transparent |
|
| HG 3 |
General provisions relating to disposals |
|
| HG 4 |
Disposal upon final dissolution |
|
| HG 5 |
Disposal of partner’s interests |
|
| HG 6 |
Disposal of trading stock |
|
| HG 7 |
Disposal of depreciable property |
|
| HG 8 |
Disposal of financial arrangements and certain excepted financial arrangements |
|
| HG 9 |
Disposal of short-term agreements for sale and purchase |
|
| HG 10 |
Disposal of livestock |
|
| HG 11 |
Limitation on deductions by partners in limited partnerships |
|
| HG 12 |
Limitation on deductions by partners in limited partnerships: carry-forward |
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| HL 1 |
Intended effect on portfolio tax rate entities and investors [Repealed]
|
|
| HL 2 |
Scheme of subpart [Repealed]
|
|
|
[Repealed]
|
|
| HL 3 |
Eligibility requirements for entities [Repealed]
|
|
| HL 4 |
Effect of failure to meet eligibility requirements for entities [Repealed]
|
|
| HL 5 |
Foreign investment vehicles [Repealed]
|
|
| HL 5B |
Meaning of investor and portfolio investor class [Repealed]
|
|
| HL 5C |
Income interest requirement [Repealed]
|
|
| HL 6 |
Investor membership requirement [Repealed]
|
|
| HL 7 |
Investor return adjustment requirement: portfolio tax rate entity [Repealed]
|
|
| HL 8 |
Imputation credit distribution requirement: portfolio listed company [Repealed]
|
|
| HL 9 |
Investor interest size requirement [Repealed]
|
|
| HL 10 |
Further eligibility requirements relating to investments [Repealed]
|
|
|
[Repealed]
|
|
| HL 11 |
Election to become portfolio investment entity and cancellation of election [Repealed]
|
|
| HL 12 |
Unlisted company choosing to become portfolio listed company [Repealed]
|
|
| HL 13 |
Becoming portfolio investment entity [Repealed]
|
|
| HL 14 |
Tax consequences from transition [Repealed]
|
|
| HL 15 |
Ceasing to be portfolio investment entity [Repealed]
|
|
|
[Repealed]
|
|
| HL 16 |
Portfolio allocation period and portfolio calculation period [Repealed]
|
|
|
[Repealed]
|
|
| HL 17 |
Treatment of income from interest when entitlement conditional or lacking [Repealed]
|
|
| HL 18 |
Certain new investors treated as part of existing portfolio investor class [Repealed]
|
|
|
[Repealed]
|
|
| HL 19 |
Portfolio class net income and portfolio class net loss for portfolio allocation period [Repealed]
|
|
| HL 19B |
Treatment of certain provisions made by portfolio tax rate entity [Repealed]
|
|
| HL 20 |
Portfolio class taxable income and portfolio class taxable loss for portfolio allocation period [Repealed]
|
|
| HL 21 |
Portfolio entity tax liability and tax credits of portfolio tax rate entity for period [Repealed]
|
|
|
[Repealed]
|
|
| HL 22 |
Payments of tax by portfolio tax rate entity making no election [Repealed]
|
|
| HL 23 |
Payments of tax by portfolio tax rate entity choosing to pay provisional tax [Repealed]
|
|
| HL 24 |
Payments of tax by portfolio tax rate entity choosing to make payments when investor leaves [Repealed]
|
|
| HL 25 |
Optional payments of tax by portfolio tax rate entities [Repealed]
|
|
|
[Repealed]
|
|
| HL 26 |
Portfolio investor allocated income and portfolio investor allocated loss [Repealed]
|
|
| HL 27 |
Treatment of portfolio investor allocated loss for zero-rated portfolio investors and investors with portfolio investor exit period [Repealed]
|
|
|
[Repealed]
|
|
| HL 28 |
Treatment of portfolio investor allocated loss for other investors [Repealed]
|
|
| HL 29 |
Credits received by portfolio tax rate entity or portfolio investor proxy [Repealed]
|
|
|
[Repealed]
|
|
| HL 30 |
Portfolio entity formation loss [Repealed]
|
|
| HL 31 |
Portfolio class taxable income and portfolio class taxable loss for tax year [Repealed]
|
|
| HL 32 |
Treatment of portfolio class taxable loss and portfolio class land loss for tax year [Repealed]
|
|
|
[Repealed]
|
|
| HL 33 |
Portfolio investor proxies [Repealed]
|
|
|
|
|
|
|
|
| HM 1 |
Outline of subpart and relationship with other Parts |
|
| HM 2 |
What is a portfolio investment entity? |
|
| HM 3 |
Foreign PIE equivalents |
|
| HM 4 |
Who is an investor? |
|
| HM 5 |
What is an investor class? |
|
| HM 6 |
Intended effects for multi-rate PIEs and investors |
|
| HM 6B |
Optional look-through rules for certain PIEs |
|
|
|
|
| HM 7 |
Requirements |
|
|
|
|
| HM 8 |
Residence in New Zealand |
|
| HM 9 |
Collective schemes |
|
| HM 10 |
Exclusion: life insurance business |
|
| HM 11 |
Investment types |
|
| HM 12 |
Income types |
|
| HM 13 |
Maximum shareholdings in investments |
|
| HM 14 |
Minimum number of investors |
|
| HM 15 |
Maximum investor interests |
|
| HM 16 |
Associates combined |
|
| HM 17 |
Same rights to all investment proceeds |
|
| HM 18 |
Requirements for listed PIEs: unlisted companies |
|
| HM 19 |
Requirements for listed PIEs: fully crediting distributions |
|
| HM 19B |
Modified rules for foreign investment zero-rate PIEs |
|
| HM 19C |
Modified rules for foreign investment variable-rate PIEs |
|
| HM 20 |
Re-entering as PIE: 5-year rule |
|
|
|
|
| HM 21 |
Exceptions for certain investors |
|
| HM 22 |
Exceptions for certain funds |
|
| HM 23 |
Exceptions for foreign PIE equivalents |
|
|
|
|
| HM 24 |
Immediate loss of PIE status |
|
| HM 25 |
When entity no longer meets investment or investor requirements |
|
| HM 26 |
Starting life insurance business |
|
| HM 27 |
When multi-rate PIE no longer meets investor interest adjustment requirements |
|
| HM 28 |
When listed PIE no longer meets requirements |
|
| HM 29 |
Choosing to cancel status |
|
| HM 30 |
When foreign PIE equivalent no longer meets requirements |
|
|
|
|
|
|
|
| HM 31 |
Rules for multi-rate PIEs |
|
| HM 32 |
Rules for and treatment of investors in multi-rate PIEs |
|
| HM 33 |
Proxies for PIE investors |
|
|
|
|
| HM 34 |
Attribution periods |
|
| HM 35 |
Determining net amounts and taxable amounts |
|
| HM 35B |
Treatment of certain provisions made by multi-rate PIEs |
|
| HM 35C |
Determining amounts for notified foreign investors |
|
| HM 36 |
Calculating amounts attributed to investors |
|
| HM 37 |
When income cannot be attributed |
|
| HM 38 |
When superannuation fund investor has conditional entitlement |
|
| HM 39 |
New investors in existing investor classes |
|
| HM 40 |
Deductions for attributed PIE losses for zero-rated and exiting investors |
|
|
|
|
| HM 41 |
Options for calculation and payment of tax |
|
| HM 42 |
Exit calculation option |
|
| HM 42B |
Part-year tax calculations for PIEs under the exit calculation option for the 2010–11 tax year |
|
| HM 43 |
Quarterly calculation option |
|
| HM 44 |
Provisional tax calculation option |
|
| HM 44B |
NRWT calculation option |
|
| HM 45 |
Voluntary payments |
|
| HM 46 |
Calculation process |
|
| HM 47 |
Calculation of tax liability or tax credit of multi-rate PIEs |
|
|
|
|
| HM 48 |
Adjustments to investor interests or to distributions |
|
|
|
|
| HM 49 |
Tax credits: when sections HM 50 to HM 55 apply |
|
| HM 50 |
Attributing credits to investors |
|
| HM 51 |
Use of foreign tax credits by PIEs |
|
| HM 52 |
Use of foreign tax credits by zero-rated and certain exiting investors |
|
| HM 53 |
Use of tax credits other than foreign tax credits by PIEs |
|
| HM 54 |
Use of tax credits other than foreign tax credits by investors |
|
| HM 55 |
Tax credits for losses |
|
|
|
|
| HM 55C |
Modified source rules |
|
| HM 55D |
Requirements for investors in foreign investment PIEs |
|
| HM 55E |
Changes in status of investors in foreign investment PIEs |
|
| HM 55F |
Treatment of income attributed to notified foreign investors |
|
| HM 55FB |
Notified foreign investors and tax credits for supplementary dividends |
|
| HM 55G |
Allowable amounts and thresholds for income with New Zealand source |
|
| HM 55H |
Treatment when certain requirements for foreign investment PIEs not met |
|
|
|
|
| HM 56 |
Prescribed investor rates: schedular rates |
|
| HM 57 |
Prescribed investor rates for certain investors: 0% |
|
| HM 57B |
Prescribed investor rates for new residents |
|
| HM 58 |
Transition of rate for certain investors |
|
| HM 59 |
Prescribed investor rates for certain investors: 0% [Repealed]
|
|
| HM 60 |
Notified investor rates |
|
| HM 61 |
Certain exiting investors zero-rated |
|
|
|
|
| HM 62 |
Exit levels for investors |
|
| HM 63 |
Exit periods |
|
|
|
|
|
|
|
| HM 64 |
Use of investor classes’ losses |
|
| HM 65 |
Use of land losses of investor classes |
|
|
|
|
| HM 66 |
Formation losses carried forward to tax year |
|
| HM 67 |
Formation losses carried forward to first quarter |
|
| HM 68 |
When formation losses carried forward are less than 5% of formation investment value |
|
| HM 69 |
When formation losses carried forward are 5% or more of formation investment value: 3-year spread |
|
| HM 70 |
Maximum amount of formation losses allocated by multi-rate PIEs to investor classes |
|
|
|
|
| HM 71 |
Choosing to become PIE |
|
| HM 71B |
Choosing to become foreign investment PIE |
|
| HM 72 |
When elections take effect |
|
| HM 73 |
Transition: provisional tax |
|
| HM 74 |
Transition: entities with non-standard income years |
|
| HM 75 |
Transition: treatment of shares held in certain companies |
|
| HM 76 |
Transition: FDPA companies [Repealed]
|
|
|
|
|
|
[Repealed]
|
|
| HR 1 |
Partnerships and joint ventures [Repealed]
|
|
|
|
|
| HR 2 |
Group investment funds |
|
| HR 3 |
Definitions for section HR 2: group investment funds |
|
| HR 4 |
Government Superannuation Fund |
|
| HR 4B |
Activities relating to New Zealand Superannuation Fund |
|
|
|
|
| HR 5 |
Airport operators: general |
|
| HR 6 |
Airport operator’s assets |
|
| HR 7 |
Meaning of airport operator’s activities |
|
|
|
|
| HR 8 |
Transitional residents |
|
|
|
|
| HR 9 |
Debt funding special purpose vehicles are transparent if election made by originator |
|
| HR 9BA |
Elections to treat debt funding special purpose vehicles as transparent |
|
| HR 9B |
Bankruptcy-remote property during application of section HR 9 |
|
| HR 10 |
What happens when vehicle stops being transparent debt funding special purpose vehicle? |
|
|
|
|
| HR 11 |
Non-exempt charities: initial tax base |
|
| HR 12 |
Non-exempt charities: treatment of tax-exempt accumulations |
|
|
|
|
| HR 13 |
Lloyd’s of London: life insurance |
|
|
|
|
| HZ 1 |
Distributions from trusts of pre-1989 tax reserves |
|
| HZ 2 |
Trusts that may become complying trusts |
|
| HZ 3 |
Special partnerships: transition into limited partnerships and limited partnerships deduction rules |
|
| HZ 4 |
Overseas limited partnerships: transition into limited partnerships deduction rules |
|
| HZ 4B |
Qualifying companies: transition into partnership |
|
| HZ 4C |
Qualifying companies: transition into look-through companies |
|
| HZ 4D |
Qualifying companies: transition into sole traderships |
|
| HZ 4E |
Transition out of LTC regime for Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 |
|
| HZ 5 |
Transitional provisions for PIE rules |
|
| HZ 6 |
Saving of binding rules relating to portfolio investment entities |
|
| HZ 7 |
Saving of binding rulings relating to settlements on trusts |
|
| HZ 8 |
Retrospective transitional provision for market valuation under section HB 4 |
|
| HZ 9 |
Elections to treat existing debt funding special purpose vehicles as transparent |
|
| HZ 10 |
What happens when election is made under section HZ 9? |
|
|
|
|
|
|
|
| IA 1 |
What this subpart does |
|
| IA 2 |
Tax losses |
|
| IA 3 |
Using tax losses in tax year |
|
| IA 3B |
Tax losses and procedures under Insolvency Act 2006 |
|
| IA 4 |
Using loss balances carried forward to tax year |
|
| IA 5 |
Restrictions on companies’ loss balances carried forward |
|
| IA 6 |
Restrictions on companies grouping tax losses |
|
| IA 7 |
Restrictions relating to ring-fenced tax losses |
|
| IA 8 |
Restrictions relating to schedular income |
|
| IA 9 |
Ordering rules |
|
| IA 10 |
Amended assessments |
|
|
|
|
|
|
|
| IC 1 |
Company A making tax loss available to company B |
|
| IC 2 |
Threshold levels for grouping tax losses in tax year |
|
| IC 3 |
Common ownership: group of companies |
|
| IC 4 |
Common ownership: wholly-owned groups of companies |
|
|
|
|
| IC 5 |
Company B using company A’s tax loss |
|
| IC 6 |
Common ownership for period |
|
| IC 7 |
Residence of company A |
|
| IC 8 |
Limitations on amounts used |
|
| IC 9 |
Date for payment and notice to Commissioner |
|
| IC 10 |
When companies have different balance dates |
|
| IC 11 |
Reduction of amounts used by companies |
|
| IC 12 |
Bad debts or decline in value of shares |
|
| IC 13 |
Variation of requirements for development companies in Niue |
|
|
|
|
| ID 1 |
Treatment of tax losses by consolidated groups |
|
| ID 2 |
Pre-consolidation losses: general treatment |
|
| ID 3 |
Pre-consolidation losses: use by group companies |
|
| ID 4 |
Pre-consolidation losses on entry: part-year rule |
|
| ID 5 |
Pre-consolidation losses on exit: part-year rule |
|
|
|
|
| IE 1 |
When this subpart applies |
|
| IE 2 |
Treatment of tax losses by amalgamating company |
|
| IE 3 |
Treatment of tax losses by amalgamated company |
|
| IE 4 |
Group companies’ treatment of tax losses on amalgamation |
|
| IE 5 |
Applying the continuity provisions when companies amalgamate |
|
|
|
|
|
|
|
| IP 1 |
When this subpart applies |
|
| IP 2 |
Group companies’ common span |
|
|
|
|
| IP 3 |
Continuity breach: tax loss components of companies carried forward |
|
|
|
|
| IP 4 |
Breach in income year in which tax loss component arises |
|
| IP 5 |
Breach in tax year in which loss balance is grouped |
|
|
|
|
| IP 6 |
Financial statements required |
|
| IP 7 |
Notices required |
|
|
|
|
| IQ 1A |
When this subpart applies |
|
| IQ 1 |
General treatment |
|
| IQ 1B |
Losses carried forward to tax year |
|
| IQ 2 |
Ring-fencing cap on attributed CFC net losses |
|
| IQ 2B |
Effect of attributed CFC net loss and FIF net loss from before first affected year |
|
| IQ 2C |
Effect of FIF net loss if attributed FIF income method not available |
|
| IQ 3 |
Ring-fencing cap on FIF net losses |
|
| IQ 4 |
Group companies using attributed CFC net losses |
|
| IQ 5 |
Group companies using FIF net losses [Repealed]
|
|
| IQ 6 |
Pre-consolidation losses: general treatment |
|
| IQ 7 |
When group membership lacking in loss period |
|
| IQ 8 |
When group membership lacking in tax year of use |
|
| IQ 9 |
When attributed CFC net loss becomes FIF net loss |
|
|
|
|
| IS 1 |
General treatment of mineral miners’ net losses |
|
| IS 2 |
Treatment of net losses resulting from certain expenditure |
|
| IS 3 |
Holding companies’ tax losses [Repealed]
|
|
| IS 4 |
Adjustments in certain circumstances [Repealed]
|
|
| IS 5 |
Petroleum miners’ tax losses [Repealed]
|
|
| IS 6 |
When company stops being mineral miner |
|
|
|
|
| IT 1 |
Cancellation of life insurer’s policyholder net losses |
|
| IT 2 |
Cancellation of life insurer’s tax loss when allowed into policyholder base |
|
|
[Repealed]
|
|
| IV 1 |
Supplementary dividend holding companies [Repealed]
|
|
|
|
|
| IW 1 |
Shortfall penalties |
|
|
|
|
| IZ 1 |
Use of specified activity net losses [Repealed]
|
|
| IZ 2 |
Petroleum mining companies: treatment of payments from shareholders [Repealed]
|
|
| IZ 3 |
Petroleum mining companies: use of loss balances [Repealed]
|
|
| IZ 4 |
Tax losses for tax years before 1977–78 tax year |
|
| IZ 5 |
Companies’ tax losses for tax years before 1991–92 tax year |
|
| IZ 6 |
Companies’ tax losses for 1990–91 and 1991–92 tax years |
|
| IZ 7 |
Grouping tax losses for tax years before 1981–82 and between 1981–82 and 1991–92 |
|
|
|
|
|
|
|
| LA 1 |
What this Part does |
|
| LA 2 |
Satisfaction of income tax liability |
|
| LA 3 |
When total tax credit less than or equal to income tax liability |
|
| LA 4 |
When total tax credit more than income tax liability |
|
| LA 5 |
Treatment of remaining credits |
|
| LA 6 |
Remaining refundable credits: PAYE, RWT, and certain other items |
|
| LA 7 |
Remaining refundable credits: tax credits for social policy and other initiatives |
|
| LA 8 |
Remaining refundable credits: non-resident withholding tax |
|
| LA 8B |
General rules particular to life insurers |
|
| LA 9 |
Use of tax credits |
|
| LA 10 |
Meaning of tax credit |
|
|
|
|
| LB 1 |
Tax credits for PAYE income payments |
|
| LB 1B |
Treatment of tax credits of certain companies with shareholders who are employees |
|
| LB 2 |
Tax credits for provisional tax payments |
|
| LB 3 |
Tax credits for resident withholding tax |
|
| LB 4 |
Tax credits for families |
|
| LB 4B |
Tax credit for R&D tax losses |
|
| LB 5 |
Tax credits for non-resident withholding tax |
|
| LB 6 |
Tax credits for RSCT |
|
| LB 6B |
Tax credits for RLWT |
|
| LB 7 |
Tax credits related to personal service rehabilitation payments: providers |
|
| LB 8 |
Tax credits related to personal service rehabilitation payments: payers |
|
|
|
|
|
[Repealed]
|
|
| LC 1 |
When net income under low income amount [Repealed]
|
|
| LC 2 |
When net income in low income abatement range [Repealed]
|
|
|
[Repealed]
|
|
| LC 3 |
Child’s income [Repealed]
|
|
|
[Repealed]
|
|
| LC 4 |
Tax credits for transitional circumstances [Repealed]
|
|
| LC 5 |
Meaning of engaged in full-time work [Repealed]
|
|
|
[Repealed]
|
|
| LC 6 |
Tax credits for housekeeping [Repealed]
|
|
| LC 7 |
Meaning of housekeeper [Repealed]
|
|
| LC 8 |
Some definitions [Repealed]
|
|
|
[Repealed]
|
|
| LC 9 |
Tax credits for absentees [Repealed]
|
|
|
[Repealed]
|
|
| LC 10 |
Adjustment for change in return date [Repealed]
|
|
| LC 11 |
Adjustment when person is non-resident for part of tax year [Repealed]
|
|
| LC 12 |
Assessment when person is non-resident [Repealed]
|
|
|
|
|
| LC 13 |
Tax credits for independent earners |
|
|
|
|
|
|
|
| LD 1 |
Tax credits for charitable or other public benefit gifts |
|
| LD 2 |
Exclusions |
|
| LD 3 |
Meaning of charitable or other public benefit gift |
|
|
|
|
| LD 4 |
Tax credits for payroll donations |
|
| LD 5 |
Calculating amount of tax credit and filing particulars |
|
| LD 6 |
When donation is paid to ineligible recipient |
|
| LD 7 |
When donation returned to person |
|
| LD 8 |
Meaning and ranking of payroll donation |
|
|
|
|
| LE 1 |
Tax credits for imputation credits |
|
| LE 2 |
Use of remaining credits by companies and trustees |
|
| LE 2B |
Use of remaining credits by life insurer on policyholder base |
|
| LE 3 |
Use of remaining credits by others |
|
| LE 4 |
Trustees for minor beneficiaries |
|
| LE 5 |
Beneficiaries of trusts |
|
| LE 6 |
Partners in partnerships |
|
| LE 7 |
Credit transfer notices |
|
| LE 7B |
Credit of RSCT for imputation credit |
|
| LE 8 |
Application of imputation ratio |
|
| LE 8B |
Dividends from certain FIF interests |
|
| LE 9 |
Application of combined imputation and FDP ratio [Repealed]
|
|
| LE 10 |
When income tax unpaid |
|
| LE 11 |
Evidential requirements |
|
|
[Repealed]
|
|
| LF 1 |
Tax credits for FDP credits [Repealed]
|
|
| LF 2 |
Trustees for minor beneficiaries [Repealed]
|
|
| LF 3 |
Beneficiaries of trusts [Repealed]
|
|
| LF 4 |
Partners in partnerships [Repealed]
|
|
| LF 5 |
Credit transfer notices [Repealed]
|
|
| LF 6 |
Application of FDP ratio [Repealed]
|
|
| LF 7 |
Application of combined imputation and FDP ratio [Repealed]
|
|
| LF 8 |
Credits for persons who are non-resident or who receive exempt income [Repealed]
|
|
| LF 9 |
When income tax unpaid [Repealed]
|
|
| LF 10 |
Evidential requirements [Repealed]
|
|
|
[Repealed]
|
|
| LH 1 |
Who this subpart applies to [Repealed]
|
|
| LH 2 |
Tax credits relating to expenditure on research and development [Repealed]
|
|
| LH 3 |
Requirements [Repealed]
|
|
| LH 4 |
Calculation of amount of credit [Repealed]
|
|
| LH 5 |
Adjustments to eligible expenditure [Repealed]
|
|
| LH 6 |
Research and development activities outside New Zealand [Repealed]
|
|
| LH 7 |
Research and development activities and related terms [Repealed]
|
|
| LH 8 |
Orders in Council [Repealed]
|
|
| LH 9 |
Internal software development: general [Repealed]
|
|
| LH 10 |
Internal software development: no associated internal software developer [Repealed]
|
|
| LH 11 |
Internal software development: associated internal software developer with same income year [Repealed]
|
|
| LH 12 |
Internal software development: associated internal software developer with different income year [Repealed]
|
|
| LH 13 |
Internal software development: limit [Repealed]
|
|
| LH 14 |
Treatment of depreciation loss for certain depreciable property [Repealed]
|
|
| LH 14B |
Recovery of overpaid tax credit [Repealed]
|
|
| LH 15 |
Listed research providers [Repealed]
|
|
| LH 16 |
Industry research co-operatives [Repealed]
|
|
| LH 17 |
Some definitions [Repealed]
|
|
|
|
|
| LJ 1 |
What this subpart does |
|
| LJ 2 |
Tax credits for foreign income tax |
|
| LJ 3 |
Meaning of foreign income tax |
|
| LJ 4 |
Meaning of segment of foreign-sourced income |
|
| LJ 5 |
Calculation of New Zealand tax |
|
| LJ 6 |
Taxable distributions and NRWT rules |
|
| LJ 7 |
Repaid foreign tax: effect on income tax liability |
|
| LJ 8 |
Repaid foreign tax: effect on FDP liability [Repealed]
|
|
|
|
|
|
|
|
| LK 1 |
Tax credits relating to attributed CFC income |
|
| LK 2 |
Calculation of amount of credit |
|
| LK 3 |
Currency conversion |
|
|
|
|
| LK 4 |
Use of remaining credits |
|
| LK 5 |
Companies’ credits carried forward |
|
| LK 5B |
Credits from tax year before first affected year |
|
| LK 6 |
Use of credits by group companies |
|
|
|
|
| LK 7 |
Taxable distributions and NRWT rules |
|
|
|
|
| LK 8 |
Tax credits of consolidated companies |
|
| LK 9 |
Use of company’s credits carried forward |
|
| LK 10 |
When group membership lacking in tax year in which credit arises |
|
| LK 11 |
When group membership lacking in tax year in which credit used |
|
|
|
|
| LK 12 |
Treatment of credits when companies amalgamate |
|
| LK 13 |
Use of credits by amalgamated company |
|
| LK 14 |
Use by amalgamated company of credits carried forward |
|
| LK 15 |
Use of amalgamating company’s credits |
|
|
[Repealed]
|
|
| LL 1 |
What this subpart does [Repealed]
|
|
| LL 2 |
Tax credits for underlying foreign tax [Repealed]
|
|
| LL 3 |
Meaning of grey list dividend [Repealed]
|
|
| LL 4 |
Tracking accounts [Repealed]
|
|
| LL 5 |
Meaning of foreign dividend company net earnings [Repealed]
|
|
| LL 6 |
Foreign dividend company lower tier UFTCs [Repealed]
|
|
| LL 7 |
Conduit financing arrangements [Repealed]
|
|
| LL 8 |
Currency conversion [Repealed]
|
|
| LL 9 |
Some definitions [Repealed]
|
|
|
|
|
| LO 1 |
Tax credits for Maori authority credits |
|
| LO 2 |
Beneficiaries of trusts |
|
| LO 2B |
Credit of RSCT for Maori authority credit |
|
| LO 3 |
Application of Maori authority distribution ratio |
|
| LO 4 |
When income tax unpaid |
|
| LO 5 |
Evidential requirements |
|
|
|
|
|
|
|
| LP 1 |
What this subpart does |
|
|
|
|
| LP 2 |
Tax credits for supplementary dividends |
|
| LP 3 |
Use of remaining credits |
|
| LP 4 |
Continuity rules for carrying credits forward |
|
| LP 5 |
Application of benchmark dividend rules and imputation credit ratio |
|
| LP 6 |
Deriving supplementary dividend and breach of terms of trust |
|
|
[Repealed]
|
|
| LP 7 |
Requirements for supplementary dividend holding companies [Repealed]
|
|
| LP 8 |
Relationship with exempt income rules [Repealed]
|
|
| LP 9 |
Relationship with RWT rules [Repealed]
|
|
| LP 10 |
Limitation on deductions [Repealed]
|
|
|
[Repealed]
|
|
| LQ 1 |
Tax credits of CTR companies [Repealed]
|
|
| LQ 2 |
Limitation on amount of credit [Repealed]
|
|
| LQ 3 |
Determining percentage of non-resident shareholders [Repealed]
|
|
| LQ 4 |
Date for determining percentage of non-resident shareholders [Repealed]
|
|
| LQ 5 |
CTR additional dividends [Repealed]
|
|
|
[Repealed]
|
|
| LR 1 |
Tax credits for policyholder income [Repealed]
|
|
|
|
|
| LS 1 |
Tax credits for multi-rate PIEs |
|
| LS 2 |
Tax credits for investors in multi-rate PIEs |
|
| LS 3 |
Tax credits for zero-rated investors |
|
| LS 4 |
Tax credits for certain exiting investors |
|
|
|
|
| LT 1 |
Tax credits for petroleum miners |
|
| LT 2 |
Petroleum mining operations outside New Zealand |
|
|
|
|
| LU 1 |
Tax credits for mineral miners |
|
|
|
|
| LY 1 |
Research and development tax credits |
|
| LY 2 |
Key terms |
|
| LY 3 |
When this subpart applies |
|
| LY 4 |
Calculation of tax credit |
|
| LY 5 |
Eligible research and development expenditure |
|
| LY 6 |
Contracted research and development expenditure |
|
| LY 7 |
Foreign research and development expenditure |
|
| LY 8 |
Carry forward for remaining research and development tax credits |
|
| LY 9 |
Orders in Council |
|
| LY 10 |
Evaluation |
|
|
|
|
|
[Repealed]
|
|
| LZ 1 |
Low tax jurisdiction companies [Repealed]
|
|
|
[Repealed]
|
|
| LZ 2 |
Certain development projects [Repealed]
|
|
| LZ 3 |
Interest derived from development investments [Repealed]
|
|
| LZ 4 |
Dividends derived from development investments [Repealed]
|
|
| LZ 5 |
Some definitions [Repealed]
|
|
|
|
|
| LZ 6 |
Interest on home vendor mortgages |
|
| LZ 7 |
Maximum amount of credit under section LZ 6 |
|
| LZ 8 |
Meaning of home vendor mortgage |
|
|
[Repealed]
|
|
| LZ 9 |
Savings in special home ownership accounts [Repealed]
|
|
| LZ 10 |
Maximum amount for 1 special home ownership account for 1 tax year [Repealed]
|
|
| LZ 11 |
Maximum amount for all special home ownership accounts for all tax years [Repealed]
|
|
| LZ 12 |
Meaning of increase in savings [Repealed]
|
|
|
|
|
|
|
|
| MA 1 |
What this Part does |
|
| MA 2 |
Relationship with core provisions |
|
| MA 3 |
Excluded income |
|
| MA 4 |
Calculation of amounts of credit producing negative amounts |
|
| MA 5 |
Advice from outside agencies |
|
| MA 6 |
Avoidance arrangements |
|
| MA 7 |
Meaning of full-time earner for family scheme |
|
| MA 8 |
Some definitions for family scheme |
|
|
|
|
| MB 1 |
Adjustments for calculation of family scheme income |
|
| MB 2 |
Adjustment for period that is less or more than 1 year |
|
| MB 3 |
When person carries on 1 or more businesses or investment activities |
|
| MB 4 |
Family scheme income of major shareholders in close companies |
|
| MB 5 |
Treatment of distributions from superannuation schemes |
|
| MB 6 |
Treatment of distributions from retirement savings schemes |
|
| MB 7 |
Family scheme income of settlor of trust |
|
| MB 7B |
Family scheme income from employment benefits: employees not controlling shareholders |
|
| MB 8 |
Family scheme income from fringe benefits: controlling shareholders |
|
| MB 9 |
Family scheme income from deposits in main income equalisation accounts [Repealed]
|
|
| MB 10 |
Family scheme income from certain pensions and annuities |
|
| MB 11 |
Family scheme income from amounts derived by dependent children |
|
| MB 12 |
Family scheme income from non-residents’ foreign-sourced income |
|
| MB 13 |
Family scheme income from other payments |
|
| MB 14 |
Remission income of discharged bankrupt excluded |
|
|
|
|
| MC 1 |
What this subpart does |
|
| MC 2 |
Who qualifies for entitlements under family scheme? |
|
| MC 3 |
First requirement: person’s age |
|
| MC 4 |
Second requirement: principal care |
|
| MC 5 |
Third requirement: residence |
|
| MC 6 |
When person does not qualify |
|
| MC 7 |
When spouse or partner entitled under family scheme |
|
| MC 8 |
Continuing requirements |
|
| MC 9 |
Credits for person aged 18 |
|
| MC 10 |
Principal caregiver |
|
| MC 11 |
Relationship periods and entitlement periods |
|
|
|
|
|
|
|
| MD 1 |
Abating WFF tax credit |
|
| MD 2 |
Calculating net contributions to credits |
|
|
|
|
| MD 3 |
Calculation of family tax credit |
|
|
|
|
| MD 4 |
Entitlement to in-work tax credit |
|
| MD 5 |
First requirement: person’s age |
|
| MD 6 |
Second requirement: principal care |
|
| MD 7 |
Third requirement: residence |
|
| MD 8 |
Fourth requirement: person not receiving benefit |
|
| MD 9 |
Fifth requirement: full-time earner |
|
| MD 10 |
Calculation of in-work tax credit |
|
|
|
|
| MD 11 |
Entitlement to parental tax credit |
|
| MD 12 |
Calculation of parental tax credit |
|
| MD 12B |
Additional parental tax credit amount included in lump sum if 70-day period crosses 2 tax years |
|
|
|
|
| MD 13 |
Calculation of family credit abatement |
|
| MD 14 |
Person receiving protected family tax credit |
|
| MD 15 |
Family scheme income for purposes of section MD 14 |
|
| MD 16 |
Additional parental tax credit abatement amount for lump sum if 70-day period crosses 2 tax years |
|
|
|
|
| ME 1 |
Minimum family tax credit |
|
| ME 2 |
Meaning of employment for this subpart |
|
| ME 3 |
Meaning of net family scheme income |
|
|
|
|
| MF 1 |
Application for payment of tax credit by instalment |
|
| MF 2 |
When person not entitled to payment by instalment |
|
| MF 3 |
Calculating amount of interim WFF tax credit |
|
| MF 4 |
Requirements for calculating instalment of tax credit |
|
| MF 4B |
Calculation of instalments: 1 April 2008 to 30 September 2008 [Repealed]
|
|
| MF 4C |
Calculation of instalments: 1 October 2008 to 31 March 2009 [Repealed]
|
|
| MF 4D |
Calculation of instalments: 1 April 2010 to 30 September 2010 [Repealed]
|
|
| MF 4E |
Calculation of instalments: 1 October 2010 to 31 March 2011 [Repealed]
|
|
| MF 4F |
Calculation of instalments: 1 April 2018 to 30 June 2018 |
|
| MF 4G |
Calculation of instalments: 1 July 2018 to 31 March 2019 |
|
| MF 5 |
Recovery of overpaid tax credit |
|
| MF 6 |
Overpayment or underpayment of tax credit |
|
| MF 7 |
Orders in Council |
|
|
|
|
| MG 1 |
Best Start tax credit entitlement |
|
| MG 2 |
Best Start tax credit |
|
| MG 3 |
Best Start credit abatement |
|
| MG 4 |
Person receiving protected Best Start tax credit |
|
|
|
|
| MK 1 |
Tax credits for superannuation contributions |
|
|
|
|
| MK 2 |
Eligibility requirements |
|
| MK 3 |
Payment of tax credits |
|
| MK 4 |
Amount of tax credit |
|
| MK 5 |
Crown contributions for members |
|
| MK 6 |
Credit given by fund providers |
|
| MK 7 |
Amounts paid in excess |
|
| MK 8 |
Treatment of tax credits on permanent emigration |
|
|
[Repealed]
|
|
| MK 9 |
Eligibility requirements [Repealed]
|
|
| MK 10 |
Amount of credit [Repealed]
|
|
| MK 11 |
When tax credits arise [Repealed]
|
|
| MK 12 |
Using tax credits [Repealed]
|
|
| MK 13 |
When short payment and unpaid compulsory employer contributions found after tax credit used [Repealed]
|
|
| MK 14 |
Employees opting out [Repealed]
|
|
| MK 15 |
Groups of persons |
|
| MK 16 |
Private domestic workers |
|
|
[Repealed]
|
|
| ML 1 |
What this subpart does [Repealed]
|
|
| ML 2 |
Tax credit for redundancy payments [Repealed]
|
|
| ML 3 |
Payment by Commissioner [Repealed]
|
|
|
|
|
| MX 1 |
When subpart applies |
|
| MX 2 |
Corporate eligibility criteria |
|
| MX 3 |
Wage intensity criteria |
|
| MX 4 |
R&D loss tax credits |
|
| MX 5 |
Cancellation of R&D tax losses |
|
| MX 6 |
Deduction if increase in basic tax rate for company |
|
| MX 7 |
Reinstatement of R&D tax losses and R&D repayment tax |
|
|
|
|
| MZ 1 |
Entitlement to child tax credit |
|
| MZ 2 |
Calculation of child tax credit |
|
| MZ 3 |
Exclusions from determination of family scheme income |
|
|
|
|
|
|
|
|
|
|
| OA 1 |
What this Part does |
|
| OA 2 |
Memorandum accounts |
|
| OA 3 |
General rules for maintaining memorandum accounts |
|
| OA 4 |
Certain credits and debits arising only in group accounts |
|
|
|
|
| OA 5 |
Credits |
|
| OA 6 |
Debits |
|
|
|
|
| OA 7 |
Opening balances of memorandum accounts |
|
|
|
|
| OA 8 |
Shareholder continuity requirements for memorandum accounts |
|
|
|
|
|
|
|
| OA 9 |
General treatment of credits and debits on resident’s restricted amalgamation |
|
|
|
|
| OA 10 |
When credits or debits due to amalgamating company but not recorded |
|
| OA 11 |
FDP account on resident’s restricted amalgamation [Repealed]
|
|
| OA 12 |
CTR account on resident’s restricted amalgamation [Repealed]
|
|
| OA 13 |
Policyholder credit account on resident’s restricted amalgamation [Repealed]
|
|
|
|
|
| OA 14 |
Continuity of shareholding when group companies amalgamate |
|
| OA 15 |
When credits or debits due to consolidated group but not recorded |
|
| OA 16 |
When FDP account ends on resident’s restricted amalgamation [Repealed]
|
|
| OA 17 |
When policyholder credit account ends on resident’s restricted amalgamation [Repealed]
|
|
|
|
|
| OA 18 |
Calculation of maximum permitted ratios |
|
|
|
|
|
|
|
| OB 1 |
General rules for companies with imputation credit accounts |
|
| OB 2 |
Australian companies choosing to have imputation credit accounts |
|
| OB 3 |
Imputation credit accounts |
|
| OB 3B |
General rule for life insurer’s policyholder base |
|
|
|
|
| OB 4 |
ICA payment of tax |
|
| OB 5 |
ICA deposit in tax pooling account |
|
| OB 6 |
ICA transfer from tax pooling account |
|
| OB 7 |
ICA payment of further income tax |
|
| OB 7B |
ICA payment of qualifying company election tax |
|
| OB 7C |
ICA expenditure on research and development [Repealed]
|
|
| OB 8 |
ICA resident withholding tax withheld |
|
| OB 9 |
ICA dividend derived with imputation credit |
|
| OB 9B |
ICA attributed PIE income with imputation credit |
|
| OB 9C |
ICA credit for research and development tax credit |
|
| OB 10 |
ICA dividend derived with FDP credit [Repealed]
|
|
| OB 11 |
ICA payment of FDP [Repealed]
|
|
| OB 12 |
ICA transfer from FDP account [Repealed]
|
|
| OB 13 |
ICA transfer of debit balance on leaving wholly-owned group |
|
| OB 14 |
ICA payment of tax on leaving wholly-owned group |
|
| OB 15 |
ICA payment of tax on joining wholly-owned group |
|
| OB 16 |
ICA attribution for personal services |
|
| OB 17 |
ICA transfer from policyholder credit account [Repealed]
|
|
| OB 18 |
ICA transfer from ASC account |
|
| OB 19 |
ICA transfer to master fund |
|
| OB 19B |
ICA transfer to loss-using group company |
|
| OB 20 |
ICA distribution with Maori authority credit |
|
| OB 21 |
ICA balance of Maori authority credit account |
|
| OB 22 |
ICA replacement payment to company under share-lending arrangement |
|
| OB 23 |
ICA credit transfer to company |
|
| OB 24 |
ICA credit on resident’s restricted amalgamation |
|
| OB 25 |
ICA reversal of tax advantage arrangement |
|
| OB 26 |
ICA elimination of double debit |
|
| OB 27 |
ICA non-resident withholding tax withheld |
|
| OB 28 |
ICA payment of amount of tax for schedular payment |
|
| OB 29 |
ICA payment of schedular income tax |
|
|
|
|
| OB 30 |
ICA payment of dividend |
|
| OB 31 |
ICA allocation of provisional tax |
|
| OB 32 |
ICA refund of income tax |
|
| OB 33 |
ICA amount applied to pay other taxes |
|
| OB 34 |
ICA refund from tax pooling account |
|
| OB 35 |
ICA transfer within tax pooling account |
|
| OB 35B |
ICA debit for transfer from tax pooling account for policyholder base liability |
|
| OB 36 |
ICA refund of FDP [Repealed]
|
|
| OB 37 |
ICA refund of tax credit |
|
| OB 38 |
ICA overpayment of FDP [Repealed]
|
|
| OB 39 |
ICA transfer for net foreign attributed income [Repealed]
|
|
| OB 40 |
ICA attribution for personal services |
|
| OB 41 |
ICA debit for loss of shareholder continuity |
|
| OB 42 |
ICA on-market cancellation |
|
| OB 43 |
ICA breach of imputation ratio |
|
| OB 44 |
ICA debit on leaving wholly-owned group |
|
| OB 45 |
ICA redemption debit |
|
| OB 46 |
ICA transfer from member fund |
|
| OB 46B |
ICA transfer from group company to loss-using group company |
|
| OB 47 |
Debit for policyholder base imputation credits |
|
| OB 47B |
Tax paid by recipients of R&D loss tax credits |
|
| OB 48 |
ICA credit balance when Maori authority credit account starts |
|
| OB 49 |
ICA replacement payment by company under share-lending arrangement |
|
| OB 50 |
ICA returning share transfer |
|
| OB 51 |
ICA credit transfer by company |
|
| OB 52 |
ICA imputation credit of consolidated imputation group |
|
| OB 53 |
ICA debit on resident’s restricted amalgamation |
|
| OB 54 |
ICA tax advantage arrangement |
|
| OB 55 |
ICA retrospective imputation credit |
|
| OB 56 |
ICA final balance |
|
| OB 57 |
ICA refund of NRWT |
|
| OB 58 |
ICA refund of amount of tax for schedular payment |
|
| OB 59 |
ICA refund of schedular income tax |
|
|
|
|
| OB 60 |
Imputation credits attached to dividends |
|
| OB 61 |
ICA benchmark dividend rules |
|
| OB 62 |
Retrospective attachment of imputation credits |
|
| OB 63 |
Australian dividends |
|
| OB 64 |
Replacement payments |
|
|
|
|
| OB 65 |
Further income tax for ICA closing debit balance |
|
| OB 66 |
Further income tax when company stops being ICA company |
|
| OB 67 |
Reduction of further income tax |
|
| OB 68 |
Income tax paid satisfying liability for further income tax |
|
| OB 69 |
Further income tax paid satisfying liability for income tax |
|
| OB 70 |
Application of other provisions |
|
|
|
|
| OB 71 |
Imputation additional tax on leaving group of companies |
|
| OB 72 |
Imputation additional tax on joining wholly-owned group |
|
| OB 72B |
Limit on using entitlement to refund after joining wholly-owned group |
|
|
|
|
| OB 73 |
Statutory producer boards attaching imputation credits to cash distributions |
|
| OB 74 |
Statutory producer boards attaching imputation credits to notional distributions |
|
| OB 75 |
Statutory producer boards’ notional distributions that are dividends |
|
| OB 76 |
Statutory producer boards attaching FDP credits [Repealed]
|
|
| OB 77 |
When and how statutory producer board makes election |
|
| OB 78 |
Co-operative companies attaching imputation credits to cash distributions |
|
| OB 79 |
Co-operative companies attaching imputation credits to notional distributions |
|
| OB 80 |
Co-operative companies’ notional distributions that are dividends |
|
| OB 81 |
Co-operative companies attaching FDP credits [Repealed]
|
|
| OB 82 |
When and how co-operative company makes election |
|
|
|
|
| OB 83 |
Group companies transferring imputation credits with transfer of tax loss |
|
| OB 84 |
When and how group company transferring tax loss makes election |
|
|
|
|
|
|
|
|
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OC 1 |
General rules for companies with FDP accounts [Repealed]
|
|
| OC 2 |
FDP accounts [Repealed]
|
|
| OC 2B |
General rule for life insurer’s policyholder base [Repealed]
|
|
| OC 3 |
Choosing to become FDPA company [Repealed]
|
|
| OC 4 |
When company chooses to stop being FDPA company [Repealed]
|
|
| OC 5 |
When company emigrates [Repealed]
|
|
|
[Repealed]
|
|
| OC 6 |
FDPA payment of FDP [Repealed]
|
|
| OC 7 |
FDPA dividend derived with FDP credit [Repealed]
|
|
| OC 8 |
FDPA payment of FDP for transfer from CTR account [Repealed]
|
|
| OC 9 |
FDPA transfer for net foreign attributed income [Repealed]
|
|
| OC 10 |
FDPA payment of FDP for conduit debit balance [Repealed]
|
|
| OC 11 |
FDPA credit transfer to company [Repealed]
|
|
| OC 12 |
FDPA reversal of tax advantage arrangement [Repealed]
|
|
|
[Repealed]
|
|
| OC 13 |
FDPA payment of dividend [Repealed]
|
|
| OC 14 |
FDPA refund of FDP [Repealed]
|
|
| OC 15 |
FDPA overpayment of FDP [Repealed]
|
|
| OC 16 |
FDPA refund of tax credit [Repealed]
|
|
| OC 17 |
FDPA credit transfer by company [Repealed]
|
|
| OC 18 |
FDPA transfer to imputation credit account [Repealed]
|
|
| OC 19 |
FDPA transfer to CTR account [Repealed]
|
|
| OC 20 |
Debit for policyholder base FDP credits [Repealed]
|
|
| OC 21 |
FDPA transfer to group account [Repealed]
|
|
| OC 22 |
FDPA breach of FDP ratio [Repealed]
|
|
| OC 23 |
FDPA breach of FDP ratio by PCA company [Repealed]
|
|
| OC 24 |
FDPA debit for loss of shareholder continuity [Repealed]
|
|
| OC 25 |
FDPA tax advantage arrangement [Repealed]
|
|
| OC 26 |
FDPA final balance [Repealed]
|
|
|
[Repealed]
|
|
| OC 27 |
FDP credits attached to dividends [Repealed]
|
|
| OC 28 |
FDPA benchmark dividend rules [Repealed]
|
|
| OC 29 |
FDP credits and imputation credits attached to dividends [Repealed]
|
|
|
[Repealed]
|
|
| OC 30 |
Payment of further income tax for closing debit balance [Repealed]
|
|
| OC 31 |
Payment of further income tax when company no longer New Zealand resident [Repealed]
|
|
| OC 32 |
Reduction of further income tax [Repealed]
|
|
| OC 33 |
Income tax paid satisfying liability for further income tax [Repealed]
|
|
| OC 34 |
Further income tax paid satisfying liability for income tax [Repealed]
|
|
|
[Repealed]
|
|
| OC 35 |
Meaning of FDP reference period [Repealed]
|
|
| OC 36 |
Meaning of maximum deficit debit [Repealed]
|
|
| OC 37 |
Meaning of policyholder FDP ratio [Repealed]
|
|
| OC 38 |
Meaning of reduced deficit debit [Repealed]
|
|
| OC 39 |
Meaning of shareholder FDP ratio [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OD 1 |
General rules for companies with CTR accounts [Repealed]
|
|
| OD 2 |
CTR accounts [Repealed]
|
|
| OD 3 |
Choosing to become CTR company [Repealed]
|
|
| OD 4 |
When company stops being CTR company [Repealed]
|
|
|
[Repealed]
|
|
| OD 5 |
CTRA tax credit for conduit tax relief [Repealed]
|
|
| OD 6 |
CTRA transfer from FDP account [Repealed]
|
|
| OD 7 |
CTRA dividend derived with CTR credit [Repealed]
|
|
| OD 8 |
CTRA reduction of FDP [Repealed]
|
|
| OD 9 |
CTRA reversal of tax advantage arrangement [Repealed]
|
|
|
[Repealed]
|
|
| OD 10 |
CTRA payment of dividend [Repealed]
|
|
| OD 11 |
CTRA transfer to FDP account [Repealed]
|
|
| OD 12 |
CTRA transfer to group account [Repealed]
|
|
| OD 13 |
CTRA adjustment for conduit tax relief [Repealed]
|
|
| OD 14 |
CTRA break in shareholding chain for group company [Repealed]
|
|
| OD 15 |
CTRA break in shareholding chain for company [Repealed]
|
|
| OD 16 |
CTRA increase in resident shareholding [Repealed]
|
|
| OD 17 |
CTRA breach of CTR ratio [Repealed]
|
|
| OD 18 |
CTRA tax advantage arrangement [Repealed]
|
|
| OD 19 |
CTRA final balance [Repealed]
|
|
|
[Repealed]
|
|
| OD 20 |
CTR credits attached to dividends [Repealed]
|
|
| OD 21 |
CTRA benchmark dividend rules [Repealed]
|
|
| OD 22 |
CTR credits and imputation credits attached to dividends [Repealed]
|
|
|
[Repealed]
|
|
| OD 23 |
FDP payable for CTR debits [Repealed]
|
|
| OD 24 |
FDP payable on resident’s restricted amalgamation [Repealed]
|
|
| OD 25 |
Refunds on transfers to CTR account [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
|
|
|
|
|
| OE 1 |
General rules for persons with branch equivalent tax accounts |
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OE 2 |
Branch equivalent tax accounts of companies [Repealed]
|
|
| OE 3 |
Choosing to become BETA company [Repealed]
|
|
| OE 4 |
When company stops being BETA company [Repealed]
|
|
| OE 5 |
Treatment of attributed CFC income and FIF income in this subpart |
|
|
[Repealed]
|
|
| OE 6 |
BETA payment of income tax on foreign income [Repealed]
|
|
| OE 7 |
BETA payment of income tax [Repealed]
|
|
| OE 8 |
BETA unused amount of debit balance [Repealed]
|
|
| OE 9 |
BETA refund of FDP [Repealed]
|
|
| OE 10 |
BETA credit for loss of shareholder continuity [Repealed]
|
|
| OE 11 |
BETA final balance [Repealed]
|
|
|
[Repealed]
|
|
| OE 11B |
Company with debit balance, including debits from conduit relief, in some income years [Repealed]
|
|
|
[Repealed]
|
|
| OE 12 |
BETA payment of FDP [Repealed]
|
|
| OE 13 |
BETA reduction in FDP [Repealed]
|
|
| OE 14 |
BETA refund of income tax [Repealed]
|
|
| OE 15 |
BETA debit for loss of shareholder continuity [Repealed]
|
|
| OE 16 |
BETA final balance [Repealed]
|
|
|
[Repealed]
|
|
| OE 16B |
Company with credit balance at beginning of first affected income year [Repealed]
|
|
|
|
|
|
|
|
| OE 17 |
Person choosing to become BETA person |
|
| OE 18 |
When person stops being BETA person |
|
|
|
|
| OE 19 |
BETA person’s payment of income tax on foreign income |
|
|
|
|
| OE 20 |
BETA person’s payment of income tax |
|
| OE 21 |
BETA person’s refund of income tax |
|
| OE 22 |
BETA person’s final balance |
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OF 1 |
General rules for companies with ASC accounts |
|
| OF 2 |
ASC accounts |
|
| OF 3 |
Choosing to become ASC account company |
|
|
|
|
| OF 4 |
ASCA redemption credit |
|
|
|
|
| OF 5 |
ASCA transfer to imputation credit account |
|
|
|
|
|
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OJ 1 |
General rules for companies and other persons with policyholder credit accounts [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OJ 2 |
Policyholder credit accounts of companies [Repealed]
|
|
|
[Repealed]
|
|
| OJ 3 |
PCA transfer from imputation credit account [Repealed]
|
|
| OJ 4 |
PCA transfer from FDP account [Repealed]
|
|
| OJ 5 |
PCA transfer of life insurance business [Repealed]
|
|
| OJ 6 |
PCA credit for maximum deficit in FDP account [Repealed]
|
|
| OJ 7 |
PCA credit for reduced deficit in FDP account [Repealed]
|
|
|
[Repealed]
|
|
| OJ 8 |
PCA payment of tax relating to policyholder base [Repealed]
|
|
| OJ 9 |
PCA transfer to imputation credit account [Repealed]
|
|
| OJ 10 |
PCA transfer to group account [Repealed]
|
|
| OJ 11 |
PCA company’s transfer of life insurance business [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OJ 12 |
Choosing to become PCA person [Repealed]
|
|
| OJ 13 |
Choosing to stop being PCA person [Repealed]
|
|
|
[Repealed]
|
|
| OJ 14 |
PCA person’s equivalent credit [Repealed]
|
|
| OJ 15 |
PCA person’s credit for transfer of life insurance business [Repealed]
|
|
|
[Repealed]
|
|
| OJ 16 |
PCA person’s payment of tax relating to policyholder base [Repealed]
|
|
| OJ 17 |
PCA person’s equivalent debit [Repealed]
|
|
| OJ 18 |
PCA person’s debit for transfer of life insurance business [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
|
|
|
|
|
| OK 1 |
General rules for Maori authorities with Maori authority credit accounts |
|
|
|
|
| OK 2 |
MACA payment of tax |
|
| OK 3 |
MACA payment of tax to other Maori authorities |
|
| OK 4 |
MACA payment of further income tax |
|
| OK 4B |
MACA expenditure on research and development [Repealed]
|
|
| OK 5 |
MACA distribution with Maori authority credit |
|
| OK 6 |
MACA dividend derived with imputation credit |
|
| OK 6B |
MACA attributed PIE income with imputation credit |
|
| OK 6C |
MACA research and development tax credit |
|
| OK 7 |
MACA dividend derived with FDP credit [Repealed]
|
|
| OK 8 |
MACA resident withholding tax withheld |
|
| OK 9 |
MACA reversal of tax advantage arrangement |
|
|
|
|
| OK 10 |
MACA distribution |
|
| OK 11 |
MACA allocation of provisional tax |
|
| OK 12 |
MACA refund of income tax |
|
| OK 13 |
MACA payment of other taxes |
|
| OK 14 |
MACA refund of FDP [Repealed]
|
|
| OK 14B |
MACA refund of tax credit |
|
| OK 15 |
MACA debit for loss of shareholder continuity |
|
| OK 16 |
MACA breach of Maori authority credit ratio |
|
| OK 17 |
MACA tax advantage arrangement |
|
| OK 18 |
MACA final balance |
|
|
|
|
| OK 19 |
Maori authority credits attached to distributions |
|
| OK 20 |
MACA benchmark distribution rules |
|
|
|
|
| OK 21 |
Further income tax for closing debit balance |
|
| OK 22 |
Further income tax paid when Maori authority no longer Maori authority |
|
| OK 23 |
Further income tax paid satisfying liability for income tax |
|
| OK 24 |
Income tax paid satisfying liability for further income tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
| OP 1 |
Memorandum accounts of consolidated groups |
|
| OP 2 |
When credits and debits arise only in group accounts |
|
|
|
|
|
|
|
| OP 3 |
Changes in consolidated imputation groups |
|
| OP 4 |
Resident imputation subgroups |
|
| OP 5 |
When credits and debits arise only in consolidated imputation group accounts |
|
| OP 6 |
Provisions applying to consolidated imputation groups |
|
|
|
|
| OP 7 |
Consolidated ICA payment of tax |
|
| OP 8 |
Consolidated ICA deposit in tax pooling account |
|
| OP 9 |
Consolidated ICA transfer from tax pooling account |
|
| OP 10 |
Consolidated ICA allocation from company with overpaid provisional tax |
|
| OP 11 |
Consolidated ICA payment of further income tax |
|
| OP 11B |
Consolidated ICA expenditure on research and development [Repealed]
|
|
| OP 11C |
Consolidated ICA credit for research and development tax credit |
|
| OP 12 |
Consolidated ICA dividend derived with imputation credit |
|
| OP 13 |
Consolidated ICA dividend derived with FDP credit [Repealed]
|
|
| OP 14 |
Consolidated ICA payment of FDP [Repealed]
|
|
| OP 15 |
Consolidated ICA replacement payment to company under share-lending arrangement |
|
| OP 16 |
Consolidated ICA credit transfer to company |
|
| OP 17 |
Consolidated ICA resident withholding tax withheld |
|
| OP 18 |
Consolidated ICA transfer from group company’s FDP account [Repealed]
|
|
| OP 19 |
Consolidated ICA transfer from group’s FDP account [Repealed]
|
|
| OP 20 |
Consolidated ICA transfer from group company’s policyholder credit account [Repealed]
|
|
| OP 21 |
Consolidated ICA transfer from group’s policyholder credit account [Repealed]
|
|
| OP 22 |
Consolidated ICA group company’s credit |
|
| OP 23 |
Consolidated ICA elimination of double debit |
|
| OP 24 |
Consolidated ICA reversal of tax advantage arrangement |
|
| OP 25 |
Consolidated ICA non-resident withholding tax withheld |
|
| OP 26 |
Consolidated ICA payment of amount of tax for schedular payment |
|
| OP 27 |
Consolidated ICA payment of schedular income tax liability |
|
|
|
|
| OP 28 |
Consolidated ICA payment of dividend |
|
| OP 29 |
Consolidated ICA allocation of provisional tax |
|
| OP 30 |
Consolidated ICA refund of income tax |
|
| OP 31 |
Consolidated ICA amount applied to pay other taxes |
|
| OP 32 |
Consolidated ICA refund from tax pooling account |
|
| OP 33 |
Consolidated ICA transfer within tax pooling account |
|
| OP 33B |
Consolidated ICA debit for transfer from tax pooling account for policyholder base liability |
|
| OP 34 |
Consolidated ICA refund of FDP [Repealed]
|
|
| OP 35 |
Consolidated ICA refund of tax credit |
|
| OP 36 |
Consolidated ICA overpayment of FDP [Repealed]
|
|
| OP 37 |
Consolidated ICA group company’s debit |
|
| OP 38 |
Consolidated ICA transfer for net foreign attributed income [Repealed]
|
|
| OP 39 |
Consolidated ICA replacement payment by company under share-lending arrangement |
|
| OP 40 |
Consolidated ICA returning share transfer |
|
| OP 41 |
Consolidated ICA credit transfer by company |
|
| OP 42 |
Consolidated ICA debit for loss of shareholder continuity |
|
| OP 43 |
Consolidated ICA breach of imputation ratio |
|
| OP 44 |
Consolidated ICA debit for policyholder base imputation credits |
|
| OP 45 |
Consolidated ICA redemption debit |
|
| OP 46 |
Consolidated ICA tax advantage arrangement |
|
| OP 47 |
Consolidated ICA final balance |
|
| OP 48 |
Consolidated ICA refund of NRWT |
|
| OP 49 |
Consolidated ICA refund of amount of tax for schedular payment |
|
| OP 50 |
Consolidated ICA refund relating to schedular income tax liability |
|
|
|
|
|
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OP 51 |
FDP accounts of consolidated FDP groups [Repealed]
|
|
| OP 52 |
Choosing to stop being consolidated FDP group [Repealed]
|
|
| OP 53 |
When group company emigrates [Repealed]
|
|
| OP 54 |
When credits and debits arise only in consolidated FDP group accounts [Repealed]
|
|
| OP 55 |
Provisions applying to consolidated FDP groups [Repealed]
|
|
|
[Repealed]
|
|
| OP 56 |
Consolidated FDPA payment of FDP [Repealed]
|
|
| OP 57 |
Consolidated FDPA payment of further FDP [Repealed]
|
|
| OP 58 |
Consolidated FDPA dividend derived with FDP credit [Repealed]
|
|
| OP 59 |
Consolidated FDPA group company’s credit [Repealed]
|
|
| OP 60 |
Consolidated FDPA credit transfer to company [Repealed]
|
|
| OP 61 |
Consolidated FDPA transfer from group’s CTR account [Repealed]
|
|
| OP 62 |
Consolidated FDPA transfer for net foreign attributed income [Repealed]
|
|
| OP 63 |
Consolidated FDPA reversal of tax advantage arrangement [Repealed]
|
|
|
[Repealed]
|
|
| OP 64 |
Consolidated FDPA payment of dividend [Repealed]
|
|
| OP 65 |
Consolidated FDPA credit transfer by company [Repealed]
|
|
| OP 66 |
Consolidated FDPA refund of FDP [Repealed]
|
|
| OP 67 |
Consolidated FDPA overpayment of FDP [Repealed]
|
|
| OP 68 |
Consolidated FDPA refund of tax credit [Repealed]
|
|
| OP 69 |
Consolidated FDPA transfer to imputation credit account [Repealed]
|
|
| OP 70 |
Consolidated FDPA transfer to group’s CTR account [Repealed]
|
|
| OP 71 |
Consolidated FDPA group company’s debit [Repealed]
|
|
| OP 72 |
Consolidated FDPA breach of FDP ratio [Repealed]
|
|
| OP 73 |
Consolidated FDPA debit for loss of shareholder continuity [Repealed]
|
|
| OP 74 |
Consolidated FDPA debit for policyholder base FDP credits [Repealed]
|
|
| OP 75 |
Consolidated FDPA breach of FDP ratio by PCA company [Repealed]
|
|
| OP 76 |
Consolidated FDPA tax advantage arrangement [Repealed]
|
|
| OP 77 |
Consolidated FDPA final balance [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OP 78 |
CTR accounts of consolidated groups [Repealed]
|
|
| OP 79 |
When credits and debits arise only in CTR group accounts [Repealed]
|
|
| OP 80 |
Provisions applying to consolidated groups with CTR accounts [Repealed]
|
|
|
[Repealed]
|
|
| OP 81 |
Consolidated CTRA tax credit for conduit tax relief [Repealed]
|
|
| OP 82 |
Consolidated CTRA reduction of FDP [Repealed]
|
|
| OP 83 |
Consolidated CTRA dividend derived with CTR credit [Repealed]
|
|
| OP 84 |
Consolidated CTRA group company’s credit [Repealed]
|
|
| OP 85 |
Consolidated CTRA transfer from group’s FDP account [Repealed]
|
|
| OP 86 |
Consolidated CTRA reversal of tax advantage arrangement [Repealed]
|
|
|
[Repealed]
|
|
| OP 87 |
Consolidated CTRA payment of dividend [Repealed]
|
|
| OP 88 |
Consolidated CTRA transfer to group’s FDP account [Repealed]
|
|
| OP 89 |
Consolidated CTRA adjustment for conduit tax relief [Repealed]
|
|
| OP 90 |
Consolidated CTRA group company’s debit [Repealed]
|
|
| OP 91 |
Consolidated CTRA increase in resident shareholding [Repealed]
|
|
| OP 92 |
Consolidated CTRA breach of CTR ratio [Repealed]
|
|
| OP 93 |
Consolidated CTRA tax advantage arrangement [Repealed]
|
|
| OP 94 |
Consolidated CTRA final balance [Repealed]
|
|
|
[Repealed]
|
|
| OP 95 |
FDP payable for credits and debits in group’s CTR account [Repealed]
|
|
| OP 96 |
Refund on transfer from group’s FDP account [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OP 97 |
Branch equivalent tax accounts of consolidated BETA groups [Repealed]
|
|
| OP 98 |
Choosing to stop being consolidated BETA group [Repealed]
|
|
| OP 99 |
When credits and debits arise only in branch equivalent tax group accounts [Repealed]
|
|
|
[Repealed]
|
|
| OP 100 |
Consolidated BETA payment of income tax on foreign income [Repealed]
|
|
| OP 101 |
Consolidated BETA payment of income tax [Repealed]
|
|
| OP 102 |
Consolidated BETA remaining debit balances [Repealed]
|
|
| OP 103 |
Consolidated BETA refund of FDP [Repealed]
|
|
| OP 104 |
Consolidated BETA credit for loss of shareholder continuity [Repealed]
|
|
|
[Repealed]
|
|
| OP 104B |
Consolidated BETA group with debit balance, including debits from conduit relief, in certain income years [Repealed]
|
|
|
[Repealed]
|
|
| OP 105 |
Consolidated BETA payment of FDP [Repealed]
|
|
| OP 106 |
Consolidated BETA reduction of FDP [Repealed]
|
|
| OP 107 |
Consolidated BETA refund of income tax [Repealed]
|
|
| OP 108 |
Consolidated BETA debit for loss of shareholder continuity [Repealed]
|
|
|
[Repealed]
|
|
| OP 108B |
Consolidated BETA group with credit balance at beginning of first affected income year [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| OP 109 |
Policyholder credit accounts of consolidated groups [Repealed]
|
|
|
[Repealed]
|
|
| OP 110 |
Consolidated PCA transfer from imputation credit account [Repealed]
|
|
| OP 111 |
Consolidated PCA transfer from FDP account [Repealed]
|
|
| OP 112 |
Consolidated PCA group company’s credit [Repealed]
|
|
| OP 113 |
Consolidated PCA maximum deficit debit in FDP account [Repealed]
|
|
| OP 114 |
Consolidated PCA reduced deficit debit in FDP account [Repealed]
|
|
|
[Repealed]
|
|
| OP 115 |
Consolidated PCA payment of tax relating to policyholder base [Repealed]
|
|
| OP 116 |
Consolidated PCA transfer to imputation credit account [Repealed]
|
|
|
[Repealed]
|
|
|
[Repealed]
|
|
|
|
|
| OZ 1 |
No imputation credit for pre-imputation tax paid |
|
| OZ 2 |
No imputation debit for pre-imputation refund |
|
| OZ 3 |
Overpaid income tax for pre-imputation income year |
|
| OZ 4 |
Terminating modifications to debits for loss of shareholder continuity |
|
| OZ 5 |
ASCA lost excess available subscribed capital |
|
| OZ 6 |
ASCA redemption of unused investments |
|
| OZ 7 |
Memorandum accounts in transitional period |
|
| OZ 7B |
Maori authority credit ratios for transitional period |
|
| OZ 8 |
Attaching imputation credits: maximum permitted ratio |
|
| OZ 9 |
Benchmark dividends: ratio change |
|
| OZ 10 |
Modifying ratios for imputation credits |
|
| OZ 11 |
Tax credits for imputation credits |
|
| OZ 12 |
Tax credits for non-resident investors |
|
| OZ 13 |
Fully credited dividends: modifying actual ratio |
|
| OZ 14 |
Dividends from qualifying companies |
|
| OZ 15 |
Attaching imputation credits and notional distributions: modifying amounts |
|
| OZ 16 |
BETA reductions [Repealed]
|
|
| OZ 17 |
CTRA reductions [Repealed]
|
|
| OZ 18 |
Credit-back of PCA balance [Repealed]
|
|
|
|
|
|
|
|
|
|
|
| RA 1 |
What this Part does |
|
| RA 2 |
Amounts treated as income tax |
|
|
|
|
| RA 3 |
Terminal tax obligations |
|
| RA 4 |
Provisional tax obligations |
|
| RA 5 |
Tax obligations for employment-related taxes |
|
| RA 6 |
Withholding and payment obligations for passive income |
|
| RA 6B |
Withholding and payment obligations for retirement scheme contributions |
|
| RA 6C |
Withholding and payment obligations for residential land |
|
| RA 7 |
Payment of tax by public authorities |
|
| RA 8 |
Liability of persons receiving payments or benefits |
|
| RA 9 |
Treatment of amounts withheld as received |
|
| RA 10 |
When obligations not met |
|
| RA 11 |
Adjustment to correct errors: certain underpayments |
|
| RA 12 |
Adjustment to correct errors: certain excess amounts |
|
|
|
|
| RA 13 |
Payment dates for terminal tax |
|
| RA 14 |
Payment dates for provisional tax |
|
| RA 15 |
Payment dates for interim and other tax payments |
|
| RA 16 |
Payment date when taxable activity ends |
|
| RA 17 |
Payment date when RWT exemption certificate expires |
|
| RA 18 |
Payment date for emigrating companies |
|
|
|
|
| RA 19 |
Refunds of excess amounts or when amounts mistakenly paid |
|
|
|
|
| RA 20 |
Amalgamation of companies |
|
|
|
|
| RA 21 |
Regulations |
|
|
|
|
| RA 22 |
Limits on application of other provisions for purposes of PAYE rules |
|
| RA 23 |
Application of other provisions for purposes of ESCT rules and NRWT rules |
|
| RA 24 |
Application of other provisions for purposes of RSCT rules |
|
|
|
|
| RB 1 |
Payment of terminal tax |
|
| RB 2 |
Income tax liability for non-filing taxpayers for non-resident passive income [Repealed]
|
|
| RB 3 |
Schedular income tax liability for filing taxpayers for non-resident passive income |
|
| RB 4 |
Using refunds to satisfy tax liabilities |
|
|
|
|
|
|
|
| RC 1 |
What this subpart does |
|
| RC 2 |
Provisional tax rules and their application |
|
| RC 3 |
Who is required to pay provisional tax? |
|
| RC 4 |
Choosing to pay provisional tax |
|
|
|
|
| RC 5 |
Methods for calculating provisional tax liability |
|
| RC 6 |
Standard method |
|
| RC 7 |
Estimation method |
|
| RC 7B |
AIM method |
|
| RC 8 |
GST ratio method |
|
|
|
|
| RC 9 |
Provisional tax payable in instalments |
|
|
|
|
| RC 10 |
Calculating amount of instalment under standard and estimation methods |
|
| RC 10B |
Calculating amount of instalment for periods using AIM method |
|
| RC 11 |
Calculating amount of instalment using GST ratio |
|
| RC 12 |
Voluntary payments |
|
| RC 13 |
Paying 2 instalments for tax year |
|
| RC 14 |
Paying 1 instalment for tax year |
|
|
|
|
| RC 15 |
Choosing to use GST ratio |
|
| RC 16 |
Who may use GST ratio? |
|
| RC 17 |
When GST ratio must not be used |
|
| RC 18 |
Changing calculation method |
|
| RC 19 |
Disposal of assets |
|
|
|
|
| RC 20 |
Calculating residual income tax in transitional years |
|
| RC 21 |
Paying provisional tax in transitional years |
|
| RC 22 |
Calculating instalments in transitional years: standard method |
|
| RC 23 |
Calculating instalments in transitional years: estimation method |
|
| RC 24 |
Calculating instalments in transitional years: GST ratio method |
|
| RC 25 |
Consequences of change in balance date |
|
|
|
|
| RC 26 |
Registering for GST or cancelling registration |
|
| RC 27 |
Payment of provisional tax instalments when GST cycle changed |
|
|
|
|
| RC 28 |
Provisional tax rules and consolidated groups |
|
| RC 29 |
Residual income tax of consolidated groups |
|
| RC 30 |
Consolidated groups using estimation method |
|
| RC 31 |
Consolidated groups using GST ratio method |
|
| RC 32 |
Wholly-owned groups of companies |
|
| RC 33 |
Amalgamated companies: calculating residual income tax |
|
|
|
|
| RC 34 |
Attribution rule for income from personal services |
|
|
|
|
| RC 35 |
Further income tax credited to provisional tax liability |
|
| RC 35B |
Treatment of overpaid provisional tax instalments calculated using AIM method |
|
|
[Repealed]
|
|
| RC 36 |
Persons affected by adverse events [Repealed]
|
|
|
|
|
| RC 37 |
Availability of early-payment discounts |
|
| RC 38 |
Crediting income tax with early-payment discount |
|
| RC 39 |
Credit treated as payment of income tax |
|
| RC 40 |
Some definitions |
|
|
|
|
|
|
|
| RD 1 |
What this subpart does |
|
|
|
|
|
|
|
| RD 2 |
PAYE rules and their application |
|
| RD 3 |
PAYE income payments |
|
| RD 3B |
Shareholders who are employees, for some companies: income other than PAYE |
|
| RD 3C |
Shareholders who are employees, for some companies: PAYE and income other than PAYE |
|
| RD 4 |
Payment of amounts of tax to Commissioner |
|
|
|
|
| RD 5 |
Salary or wages |
|
| RD 6 |
Certain benefits and payments |
|
| RD 7 |
Extra pay |
|
| RD 7B |
Treatment of certain benefits under employee share schemes |
|
| RD 8 |
Schedular payments |
|
| RD 8B |
Treatment of PAYE-related overpayments |
|
|
|
|
| RD 9 |
Maximum amount |
|
| RD 10 |
Amounts of tax for PAYE income payments |
|
| RD 10B |
Amounts of tax for schedular payments |
|
| RD 10C |
Calculating amounts of tax following changes to rates or thresholds |
|
| RD 11 |
Reduction in certain circumstances |
|
|
|
|
| RD 12 |
Multiple payments of salary or wages |
|
| RD 13 |
Advance payments |
|
| RD 13B |
Adjustments for payroll donations |
|
| RD 14 |
Changes to tax rates for salary or wages [Repealed]
|
|
| RD 15 |
Payments of salary or wages in pay periods |
|
| RD 16 |
Payments to private domestic workers |
|
| RD 17 |
Payment of extra pay with other PAYE income payments |
|
| RD 18 |
Schedular payments without notification [Repealed]
|
|
| RD 19 |
Schedular payments to non-resident entertainers |
|
| RD 20 |
Schedular payments to subcontractors |
|
|
|
|
| RD 21 |
When amounts of tax not withheld or payment insufficient |
|
| RD 22 |
Providing employment income information to Commissioner |
|
| RD 23 |
Bonds given by employers of certain non-resident employees |
|
| RD 24 |
Exemptions for non-resident contractors |
|
|
|
|
|
|
|
| RD 25 |
FBT rules and their application |
|
| RD 26 |
Liability for FBT |
|
|
|
|
| RD 27 |
Determining fringe benefit values |
|
| RD 28 |
Private use of motor vehicle: calculation methods |
|
| RD 29 |
Private use of motor vehicle: formulas |
|
| RD 30 |
Private use of motor vehicle: 24-hour period |
|
| RD 31 |
Motor vehicle test period |
|
| RD 32 |
Replacement motor vehicles |
|
| RD 33 |
Subsidised transport |
|
| RD 34 |
Employment-related loans: value using prescribed interest rates |
|
| RD 35 |
Employment-related loans: value using market interest rates |
|
| RD 36 |
Repayment of employment-related loans |
|
| RD 37 |
Contributions to superannuation schemes |
|
| RD 38 |
Contributions to funds, trusts, and insurance premiums |
|
| RD 39 |
Benefits provided by charitable organisations |
|
| RD 40 |
Goods |
|
| RD 41 |
Services |
|
| RD 42 |
Goods at staff discount |
|
| RD 43 |
Goods on special with staff discount |
|
| RD 44 |
Goods disposed of by group companies |
|
| RD 45 |
Unclassified benefits |
|
| RD 46 |
Adjustments for unclassified benefits on amalgamation |
|
|
|
|
| RD 47 |
Attribution of certain fringe benefits |
|
| RD 48 |
When attributed benefits provided to more than 1 employee |
|
| RD 49 |
Application of thresholds to attributed benefits |
|
| RD 50 |
Employer’s liability for attributed benefits |
|
| RD 51 |
Calculation of all-inclusive pay |
|
| RD 52 |
Calculation for certain employees when information lacking |
|
| RD 53 |
Pooling non-attributed benefits |
|
|
|
|
| RD 54 |
Value of and payments towards fringe benefits |
|
| RD 55 |
Private use of motor vehicle: taxable value in cases of part ownership |
|
| RD 56 |
Private use of motor vehicle: when schedular value not used |
|
| RD 57 |
Private use of motor vehicle: when schedular value used |
|
|
|
|
| RD 58 |
Single rate option |
|
| RD 59 |
Alternate rate option |
|
| RD 60 |
Close company option |
|
| RD 61 |
Small business option |
|
| RD 62 |
Changes in payment periods |
|
| RD 63 |
When employer stops employing staff |
|
|
|
|
|
|
|
| RD 64 |
ESCT rules and their application |
|
| RD 65 |
Employer’s superannuation cash contributions |
|
| RD 66 |
Complying fund rules [Repealed]
|
|
|
|
|
| RD 67 |
Calculating amounts of tax for employer’s superannuation cash contributions |
|
| RD 67B |
Calculating amounts of tax following changes to rates or thresholds |
|
| RD 68 |
Choosing to have amount treated as salary or wages |
|
| RD 69 |
Choosing different rates for employer’s superannuation cash contributions [Repealed]
|
|
| RD 70 |
Calculating amounts of tax on failure to withhold |
|
| RD 71 |
Amounts of tax treated as paid to and received by superannuation funds |
|
|
[Repealed]
|
|
| RD 72 |
Recovery of tax paid by superannuation funds [Repealed]
|
|
|
|
|
|
|
|
| RE 1 |
RWT rules and their application |
|
| RE 2 |
Resident passive income |
|
|
|
|
| RE 3 |
Obligation to withhold RWT |
|
| RE 4 |
Persons who have withholding obligations |
|
| RE 5 |
No withholding obligation in certain circumstances |
|
| RE 6 |
When obligation to withhold unreasonable |
|
| RE 7 |
When resident passive income paid to trustees |
|
| RE 8 |
When resident passive income paid to nominees |
|
| RE 9 |
Agents’ or trustees’ obligations in relation to certain dividends |
|
| RE 10 |
Special rule relating to payments of interest |
|
| RE 10B |
Amounts withheld from distributions to holders of FIF attributing interests |
|
| RE 11 |
Notification by companies |
|
|
|
|
| RE 12 |
Interest |
|
| RE 13 |
Dividends other than non-cash dividends |
|
| RE 14 |
Non-cash dividends other than certain share issues |
|
| RE 14B |
Combined cash and non-cash dividends |
|
| RE 14C |
Non-cash dividends distributed through intermediaries |
|
| RE 15 |
Bonus issues in lieu and shares issued under profit distribution plans |
|
| RE 16 |
Taxable Maori authority distributions |
|
| RE 17 |
Replacement payments under share-lending arrangements |
|
| RE 18 |
Payments made by RWT proxies |
|
| RE 18B |
Capital value increase under inflation-indexed instruments: RWT cap |
|
| RE 19 |
Choosing other rates |
|
|
|
|
| RE 20 |
Paying RWT |
|
| RE 21 |
Basis for payment of RWT |
|
| RE 22 |
When payment treated as non-resident passive income |
|
| RE 23 |
When amount of tax treated as FDP credit [Repealed]
|
|
| RE 24 |
When amount of tax treated as Maori authority credit |
|
| RE 25 |
When amount of tax treated as imputation credit |
|
| RE 26 |
Payment by proxy |
|
|
|
|
| RE 27 |
RWT exemption certificates |
|
| RE 28 |
When certificates expire |
|
| RE 29 |
Establishing whether person holds certificate |
|
| RE 30 |
When unincorporated bodies hold certificates |
|
|
|
|
|
|
|
| RF 1 |
NRWT rules and their application |
|
| RF 2 |
Non-resident passive income |
|
| RF 2B |
Non-resident financial arrangement income: outline and concepts |
|
| RF 2C |
Meaning of non-resident financial arrangement income |
|
|
|
|
| RF 3 |
Obligation to withhold amounts of tax for non-resident passive income |
|
| RF 4 |
Non-resident passive income received by agents and others |
|
| RF 5 |
When amounts of tax already withheld |
|
| RF 6 |
When amounts of tax not withheld or partly withheld |
|
|
|
|
| RF 7 |
General rate for NRWT |
|
| RF 8 |
Certain dividends |
|
| RF 9 |
When dividends fully imputed |
|
| RF 10 |
Non-cash dividends |
|
| RF 11 |
Dividends paid to companies associated with non-residents |
|
| RF 11B |
Dividends paid by companies in certain situations |
|
| RF 11C |
Interest paid by non-resident companies to non-residents |
|
| RF 12 |
Interest paid by approved issuers or transitional residents |
|
| RF 12B |
Interest derived jointly with residents |
|
| RF 12C |
Amount derived from non-resident life insurer becoming resident |
|
|
|
|
| RF 12D |
Determining amount of non-resident financial arrangement income |
|
| RF 12E |
When non-resident financial arrangement income treated as paid |
|
| RF 12F |
Adjustments: first year additional amounts |
|
| RF 12G |
Choosing to treat income as non-resident financial arrangement income |
|
| RF 12H |
Meaning of related-party debt |
|
| RF 12I |
Concepts used for definition of related-party debt |
|
| RF 12J |
Treatment of certain payments made under indirect associated funding arrangements |
|
|
|
|
| RF 13 |
Basis for payment of amounts of tax for non-resident passive income |
|
| RF 14 |
Treatment of FDP credits [Repealed]
|
|
| RF 15 |
Commissioner’s power to vary amounts of tax |
|
| RF 16 |
Relationship with RSCT rules |
|
|
[Repealed]
|
|
|
[Repealed]
|
|
| RG 1 |
FDP rules and their application [Repealed]
|
|
| RG 2 |
Foreign dividends [Repealed]
|
|
|
[Repealed]
|
|
| RG 3 |
Obligation to pay FDP [Repealed]
|
|
|
[Repealed]
|
|
| RG 4 |
Calculating amount of FDP [Repealed]
|
|
|
[Repealed]
|
|
| RG 5 |
Credit balance in branch equivalent tax account [Repealed]
|
|
| RG 6 |
Using loss balances [Repealed]
|
|
| RG 7 |
Reduction of payments for conduit tax relief [Repealed]
|
|
|
|
|
| RH 1 |
RSCT rules and their application |
|
| RH 2 |
Retirement scheme contributions |
|
| RH 3 |
Retirement savings schemes |
|
| RH 4 |
Retirement scheme contributors |
|
|
|
|
| RH 5 |
Calculating amounts of tax for retirement scheme contribution |
|
| RH 6 |
Calculating amounts of tax on failure to withhold |
|
|
|
|
| RL 1 |
Residential land withholding tax |
|
| RL 2 |
Vendors: who must pay, and how? |
|
| RL 3 |
Associated persons: who must pay, and how? |
|
| RL 4 |
How much RLWT? |
|
| RL 5 |
Paying RLWT |
|
| RL 6 |
Commissioner repaying RLWT |
|
|
|
|
|
|
|
| RM 1 |
What this subpart does |
|
|
|
|
| RM 2 |
Refunds for overpaid tax |
|
| RM 3 |
Refunds for overpaid FDP [Repealed]
|
|
| RM 4 |
Overpayment on amended assessment |
|
| RM 5 |
Overpayment on income statements [Repealed]
|
|
| RM 6 |
Refunds after 4-year period ends [Repealed]
|
|
| RM 6B |
Refunds for overpaid AIM method instalments |
|
| RM 7 |
Refunds to PAYE intermediaries |
|
| RM 8 |
Overpaid RWT or NRWT |
|
| RM 9 |
Calculations for attributed and non-attributed fringe benefits |
|
|
|
|
| RM 10 |
Using refund to satisfy tax liability |
|
| RM 11 |
Using GST refund to pay instalment of provisional tax |
|
| RM 12 |
Reduction in provisional tax liability |
|
|
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| RM 13 |
Limits on refunds for ICA companies |
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| RM 14 |
Limits on refunds when company stops being ICA company |
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| RM 15 |
Changes in credit balances |
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| RM 16 |
Treatment of amounts not refunded |
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| RM 17 |
Treatment of further income tax paid |
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[Repealed]
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| RM 18 |
Limits on refunds related to foreign dividends [Repealed]
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| RM 19 |
Treatment of financial arrangements [Repealed]
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| RM 20 |
Treatment of amounts not refunded [Repealed]
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| RM 21 |
Refunds when loss balances used to reduce net income [Repealed]
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| RM 22 |
Limits on refunds for Maori authorities |
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| RM 23 |
Limits on refunds when Maori authority stops being Maori authority |
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| RM 24 |
Increase in credit balances |
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| RM 25 |
Treatment of amounts not refunded |
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| RM 26 |
Treatment of further income tax paid |
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| RM 27 |
Application when no credits arise |
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[Repealed]
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| RM 28 |
Limits on refunds for PCA persons [Repealed]
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| RM 29 |
Limits on refunds when person no longer PCA person [Repealed]
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| RM 30 |
Changes in credit balances [Repealed]
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| RM 31 |
Treatment of amounts not refunded [Repealed]
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| RM 32 |
Application of sections RM 13 to RM 17 to qualifying companies |
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| RM 33 |
Limits on refunds for certain unit trusts and group investment funds |
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| RP 1 |
What this subpart does |
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| RP 2 |
PAYE intermediaries |
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| RP 3 |
Requirements for listed PAYE intermediaries |
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| RP 4 |
Payment of subsidies to certain PAYE intermediaries |
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| RP 5 |
Subsidy claims |
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| RP 6 |
Operation of PAYE intermediaries’ trust accounts |
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| RP 7 |
General responsibilities of employers |
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| RP 8 |
Information for PAYE intermediaries |
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| RP 9 |
Authorised transfers from accounts |
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| RP 10 |
When transfers from accounts not authorised |
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| RP 11 |
Employer’s superannuation cash contributions |
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| RP 12 |
When payments made directly to employees |
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| RP 13 |
General responsibilities of PAYE intermediaries |
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| RP 14 |
Collection, payment, and information requirements |
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| RP 15 |
When employers have authorised transfers from accounts |
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| RP 16 |
Obligations for employer’s superannuation contributions |
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| RP 17 |
Tax pooling intermediaries |
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| RP 17B |
Tax pooling accounts and their use |
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| RP 18 |
Deposits in tax pooling accounts |
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| RP 19 |
Transfers from tax pooling accounts |
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| RP 19B |
Transfers for certain expected tax liabilities |
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| RP 20 |
Declining, amending, or reversing transfers |
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| RP 21 |
Refunds from tax pooling accounts |
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| RZ 1 |
Certain elections to become person with provisional tax liability |
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| RZ 2 |
Amount of provisional tax based on 1997–98 or earlier tax year |
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| RZ 3 |
Standard method: 2010–11 to 2012–13 income years |
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| RZ 4 |
GST ratio method: 2010–11 to 2013–14 income years |
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| RZ 5 |
Calculating amounts under standard method: 2010–11 to 2012–13 income years |
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| RZ 5B |
Standard method: new personal tax rate persons from 1 October 2008 to end 2009–10 income year [Repealed]
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| RZ 5C |
GST ratio method: new personal tax rate persons from 1 October 2008 to end 2009–10 income year [Repealed]
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| RZ 5D |
Standard method or GST method: transition for Maori authorities |
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| RZ 6 |
Limits on refunds: transitional dates |
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[Repealed]
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| RZ 7 |
Withdrawal income [Repealed]
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| RZ 8 |
Payment and rate of withdrawal tax [Repealed]
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| RZ 9 |
Relief in certain cases [Repealed]
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| RZ 10 |
Recovery of amounts payable to Commissioner [Repealed]
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| RZ 11 |
Refunds for life insurers |
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| RZ 12 |
Adjustments to interest in requests made after commencement |
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| RZ 13 |
Treatment of prepayments |
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| RZ 15 |
Treatment of certain refunds made on income statements: 1 April 2008 to 31 March 2019 |
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| RZ 16 |
Treatment of certain refunds not paid within 4-year period: 1 April 2008 to 31 March 2013 |
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| YA 1 |
Definitions |
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| YA 2 |
Meaning of income tax varied |
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| YA 3 |
Treatment of qualifying company election tax, FBT, FDP penalty tax, imputation penalty tax, and withdrawal tax [Repealed]
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| YA 4 |
General rules for giving information or communicating matters |
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| YA 5 |
General rule: capacity of trustees |
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[Repealed]
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| YB 1 |
What this subpart does |
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| YB 2 |
Two companies |
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| YB 3 |
Company and person other than company |
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| YB 4 |
Two relatives |
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| YB 5 |
Person and trustee for relative |
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| YB 6 |
Trustee and beneficiary |
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| YB 7 |
Two trustees with common settlor |
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| YB 8 |
Trustee and settlor |
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| YB 9 |
Settlor and beneficiary |
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| YB 10 |
Who is a settlor? |
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| YB 11 |
Trustee and person with power of appointment or removal |
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| YB 12 |
Partnership and partner |
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| YB 13 |
Look-through companies and owners of interests |
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| YB 14 |
Tripartite relationship |
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| YB 15 |
Exceptions for employee trusts |
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| YB 16 |
Exceptions for certain trusts and charitable organisations |
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| YB 17 |
Partnerships: partnership and associate of partner [Repealed]
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| YB 18 |
Persons habitually acting together: 1988 version provisions [Repealed]
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| YB 19 |
Person and controlled non-profit organisation: 1990 version provisions [Repealed]
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| YB 20 |
Some definitions [Repealed]
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| YB 21 |
Transparency of nominees |
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[Repealed]
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| YC 1 |
Meaning of control [Repealed]
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| YC 2 |
Voting interests |
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| YC 3 |
Market value interests |
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| YC 4 |
Look-through rule for corporate shareholders |
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| YC 5 |
Treatment of special corporate entities |
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| YC 5B |
Treatment of mixed-ownership enterprises |
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| YC 6 |
Disregarding certain securities |
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| YC 7 |
When sections YC 8 to YC 19B apply |
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| YC 8 |
Death of share or option holder |
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| YC 9 |
Shares or options held by trustees |
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| YC 10 |
Shareholders holding less than 10% direct interests |
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| YC 11 |
No look-through rule for companies in certain cases |
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| YC 12 |
Public unit trusts |
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| YC 13 |
Corporate spin-outs |
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| YC 14 |
Disregarding concessionary rules |
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| YC 15 |
Directors’ knowledge of failure to meet requirements of continuity provision |
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| YC 16 |
Disregarding market value changes |
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| YC 17 |
Demutualisation of insurers |
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| YC 18 |
Reverse takeovers |
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| YC 18B |
Corporate reorganisations not affecting economic ownership |
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| YC 18C |
Railways restructure not affecting Crown economic ownership |
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| YC 19 |
Legislative conversion of foreign company of proprietors |
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| YC 19B |
Treatment when certain trusts terminated |
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| YC 20 |
Credit account continuity provisions: excluded fixed rate securities |
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| YD 1 |
Residence of natural persons |
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| YD 2 |
Residence of companies |
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| YD 3 |
Country of residence of foreign companies |
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| YD 3B |
Crown |
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| YD 4 |
Classes of income treated as having New Zealand source |
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| YD 4B |
Meaning of permanent establishment |
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| YD 5 |
Apportionment of income derived partly in New Zealand |
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| YD 5B |
Attribution of income and expenditure to permanent establishment in New Zealand |
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| YD 6 |
Apportionment of income from sea transport |
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| YD 7 |
Apportionment of film rental income [Repealed]
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| YD 8 |
Apportionment of premiums derived by non-resident general insurers |
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| YD 8B |
Apportionment of life insurance premiums derived by Lloyd’s of London |
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[Repealed]
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| YD 9 |
Residence of CTR company shareholders [Repealed]
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| YD 10 |
Meaning of CTR holding company [Repealed]
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| YD 11 |
Meaning of CTR group member [Repealed]
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| YE 1 |
References to balance dates and years |
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| YF 1 |
General rules for currency conversion |
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| YF 2 |
Other rules for currency conversion: approved alternatives |
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| YZ 1 |
Source rule for interest |
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| YZ 2 |
Saving of effect of section 394L(4A) of Income Tax Act 1976 |
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| YZ 3 |
Saving effect of section DF 5 of Income Tax Act 1994 |
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| YZ 4 |
Saving of effect of certain terms defined in Canterbury Earthquake Recovery Act 2011 |
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| YZ 5 |
New Zealand Memorial Museum Trust — Le Quesnoy: sunset |
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| ZA 1 |
Repeals |
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| ZA 2 |
Consequential amendments to other enactments |
|
| ZA 3 |
Transitional provisions |
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| ZA 4 |
Saving of binding rulings |
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| ZA 5 |
Saving of accrual determinations |
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| ZA 6 |
Comparative tables of old and new provisions |
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[Repealed]
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[Repealed]
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Reprint notes |
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