Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from equity

CD 48: Cost of tangible property

You could also call this:

“This section about calculating the cost of physical items has been removed”

You used to be able to find information about the cost of tangible property in this part of the law. However, this section has been removed from the Income Tax Act 2007. The government took it out on 30 June 2009. If you need to know about the cost of tangible property for income tax purposes, you might need to look in other parts of the law or ask a tax expert for help.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512746.

Topics:
Money and consumer rights > Taxes
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CD 47: New Zealand property amount, or

“Removed rule about property-related income in New Zealand”

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CD 49: Cost of associated party equity, or

“Removed rules about the cost of equity from related parties”

Part C Income
Income from equity

CD 48Cost of tangible property (Repealed)

    Notes
    • Section CD 48: repealed (with effect on 30 June 2009), on , by section 22(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).