“Old rule about loans counting as fund income no longer applies”
This section of the law has been removed. It used to talk about how the value of a loan was treated as income for a fund, but it’s no longer part of the current rules. The government took this part out of the law on 1 April 2011. If you want to know more about how loans and fund income work now, you’ll need to look at other parts of the tax laws.
CT 1: Disposal of exploratory material or petroleum mining asset, or
“Rules for taxing money from selling mining materials or assets”
Part C
Income
Superannuation funds
CS 18Value of loan treated as fund income (Repealed)
Notes
Section CS 18: repealed, on , by section 12 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).
