Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Employee or contractor income

CE 3: Restrictions on disposal of shares under share purchase agreements

You could also call this:

“Rules about selling shares from purchase agreements no longer apply”

This law used to say something about limits on selling shares under share purchase agreements. However, it was removed from the law on 29 September 2018. This means it no longer applies, and you don’t need to worry about what it used to say.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512785.

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CE 2: Benefits under employee share schemes, or

“Income from shares or share rights received through your job”

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CE 4: Adjustments to value of benefits under share purchase agreements, or

“Changes to how share purchase benefits were valued (now removed)”

Part C Income
Employee or contractor income

CE 3Restrictions on disposal of shares under share purchase agreements (Repealed)

    Notes
    • Section CE 3: repealed, on , by section 19 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).