Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from equity

CD 51: Property transfers between associated persons

You could also call this:

“Discontinued rule about transferring property between related parties”

This section of the law, called ‘Property transfers between associated persons’, used to be part of the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 6 October 2009, but it actually stopped being used on 30 June 2009. This means that this part of the law no longer applies to how income is taxed in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512757.

Topics:

Money and consumer rights > Taxes

CD 50: Outstanding balances of financial arrangements, or

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

CD 52: Unrepatriated income balance, or

“Explanation of a now-removed tax term for income kept overseas”

Part C Income
Income from equity

CD 51Property transfers between associated persons (Repealed)

Notes

Section CD 51: repealed (with effect on 30 June 2009), on 6 October 2009, by section 22(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).