Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
CD 49: Cost of associated party equity
or “Removed rules about the cost of equity from related parties”
You could also call this:

“This section about unpaid money in financial deals no longer applies”

This part of the Income Tax Act 2007 used to talk about outstanding balances of financial arrangements. However, it was removed from the law on 30 June 2009. This means that this section no longer applies and you don’t need to worry about it anymore. If you want to know more about financial arrangements and taxes, you might need to look at other parts of the law that are still in effect.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: CD 51: Property transfers between associated persons

or “Discontinued rule about transferring property between related parties”
Next

Part C Income
Income from equity

CD 50Outstanding balances of financial arrangements (Repealed)

    Notes
    • Section CD 50: repealed (with effect on 30 June 2009), on , by section 22(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).