Income Tax Act 2007

Income - Income specific to certain entities

CV 2: Consolidated groups: income of company in group

You could also call this:

"How income is treated for companies in a consolidated group"

When you are part of a consolidated group, an amount you get is treated as your income for the purposes of section FM 9. This amount would be income of the group if the group were one company. The amount is treated as income of your company. You need to know that some other rules can override this rule, such as sections CB 15C and CB 15D, and CB 15E. These rules apply to certain companies and organisations, like Kāinga Ora–Homes and Communities. They can affect how your income is treated.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513089.

This page was last updated on 5 April 2026 — View changes

Topics:

Money and consumer rights > Taxes

CV 1: Group companies, or

"Rules for companies that are part of a group"

CV 3: Consolidated groups: arrangement for disposal of shares, or

"Rules for selling shares within a group of companies"

Part CIncome
Income specific to certain entities

CV 2Consolidated groups: income of company in group

This section applies for the purposes of section FM 9 (Amounts that are company's income) to an amount derived by a company that is part of a consolidated group, when the amount would be income of the group if the group were 1 company.
The amount is treated as income of the company.
Subsection (2) is overridden by sections CB 15C and CB 15D (which apply to bodies linked or associated with a local authority or companies in the same wholly-owned group as Kāinga Ora–Homes and Communities), and CB 15E (Disposals of land subject to section CW 3C).

Compare

2004 No 35 s HB 2(1)(e)

Notes

Section CV 2(1): amended (with effect on 1 April 2008 and applying for the 2008–09 and later income years), on 27 February 2014, by section 15(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).
Section CV 2(3) heading: replaced (with effect on 1 July 2017), on 18 March 2019, by section 135 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
Section CV 2(3) heading: amended (with effect on 27 March 2021), on 29 March 2025, by section 20(1) of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).
Section CV 2(3): replaced (with effect on 1 July 2017), on 18 March 2019, by section 135 of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
Section CV 2(3): amended (with effect on 27 March 2021), on 29 March 2025, by section 20(2) of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).
Section CV 2(3): amended (with effect on 1 October 2019), on 23 March 2020, by section 190 of the Taxation (KiwiSaver, Student Loans, and Remedial Matters) Act 2020 (2020 No 5).