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New Zealand law explained for everyone

Income Tax Act 2007

Income - General rules

CA 2: Amounts that are exempt income or excluded income

You could also call this:

“Types of income you don't have to pay tax on”

This part of the law talks about money that you don’t have to pay tax on. There are two types of this money: exempt income and excluded income.

Exempt income is money you don’t have to pay tax on because the law says so. You can find out what counts as exempt income in parts of the law called subpart CW and CZ.

Excluded income is also money you don’t have to pay tax on, but for different reasons. You can find out what counts as excluded income in parts of the law called subpart CX and CZ. However, if you’re not a New Zealand resident, some of your overseas money might not count as excluded income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512393.

Topics:
Money and consumer rights > Taxes
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CA 1: Amounts that are income, or

“Income includes what the law defines as income and what is generally considered income”

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Part C Income
General rules

CA 2Amounts that are exempt income or excluded income

  1. This section identifies the subparts in this Act that deal with exempt income and excluded income.

  2. An amount of income of a person is exempt income if it is their exempt income under a provision in subpart CW (Exempt income) or CZ (Terminating provisions).

  3. An amount of income of a person is excluded income if—

  4. it is their excluded income under a provision in subpart CX (Excluded income) or CZ; and
    1. it is not their non-residents’ foreign-sourced income.

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