Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Core provisions - Income, deductions, and timing

BD 2: Deductions

You could also call this:

“Lowering your tax bill with allowed deductions”

You can take off some money from what you owe in taxes. This is called a deduction. You’re allowed to do this if the rules in Part D say it’s okay. Part D is the part of the law that talks all about deductions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512368.

Topics:
Money and consumer rights > Taxes
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BD 1: Income, exempt income, excluded income, non-residents' foreign-sourced income, and assessable income, or

“Different types of income and how they're taxed in New Zealand”

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BD 3: Allocation of income to particular income years, or

“Rules for assigning income to specific tax years”

Part B Core provisions
Income, deductions, and timing

BD 2Deductions

  1. An amount is a deduction of a person if they are allowed a deduction for the amount under Part D (Deductions).

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