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Income Tax Act 2007

Income - Adjustments

CH 7: Adjustment for avoidance arrangements

You could also call this:

“Adjusting income for tax avoidance and other specific situations”

If you are treated as having income under certain parts of the law, that amount is considered your income. This applies when the Commissioner uses their power to adjust your income, or in situations involving excessive pay to relatives. It also covers arrangements with commercial bills being sent back to New Zealand, calculations related to attribution rules, and cases where surplus deductions from arrangements are delayed. These specific situations are outlined in different sections of the law, such as section GA 1, section GB 23, section GB 26, section GB 29, and section GB 46. If any of these sections say you have income, then that amount is counted as your income for tax purposes.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512862.

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Money and consumer rights > Taxes
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Part C Income
Adjustments

CH 7Adjustment for avoidance arrangements

  1. An amount treated as income of a person under any of the following sections is income of the person:

  2. section GA 1 (Commissioner’s power to adjust):
    1. section GB 23 (Excessive remuneration to relatives):
      1. section GB 26 (Arrangements involving repatriation of commercial bills):
        1. section GB 29 (Attribution rule: calculation):
          1. section GB 46 (Deferral of surplus deductions from arrangements).