Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from mineral mining - Definitions

CU 18: Amount treated as repayment for purposes of section CU 17: excess

You could also call this:

“Removed rule about excess repayments for mining companies”

This section of the law has been removed. It used to be about how much money was treated as a repayment for a specific purpose in the Income Tax Act 2007. The government took this part out of the law on 1 April 2014. This means it no longer applies to your income tax from the 2014-15 tax year onwards.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513020.

Topics:
Money and consumer rights > Taxes
Previous

CU 17: Repayment by mining company of amount written off, or

“Mining companies no longer need to repay written-off amounts”

Next

CU 19: Amount treated as repayment for purposes of section CU 17: net income, or

“Removed rule about repayments for net income”

Part C Income
Income from mineral mining: Definitions

CU 18Amount treated as repayment for purposes of section CU 17: excess (Repealed)

    Notes
    • Section CU 18: repealed, on (applying for the 2014–15 and later income years), by section 14(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).