This part of the law used to talk about a limit on internal software development. It was part of the rules about tax credits and other credits in the Income Tax Act 2007. However, this section no longer applies. It was removed from the law on 1 April 2009. If you want to know more about tax credits, you should look at other parts of the Income Tax Act that are still in effect.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1172714.
LH 12: Internal software development: associated internal software developer with different income year, or
“Outdated rule about tax credits for software development by related companies with different financial years”
LH 14: Treatment of depreciation loss for certain depreciable property, or
“This provision about tax credits for certain property depreciation no longer applies”
