Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Exempt income

CW 5: Payments of interest: post-war credits

You could also call this:

“UK post-war credit interest payments are tax-free in New Zealand”

If you receive interest under section 2 of the Income Tax (Repayment of Post-War Credits) Act 1959 from the United Kingdom Parliament, you don’t have to pay tax on it in New Zealand. This means the money you get from this interest is exempt from income tax here.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513136.

Topics:
Money and consumer rights > Taxes
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Part C Income
Exempt income

CW 5Payments of interest: post-war credits

  1. Interest derived by a person under section 2 of the Income Tax (Repayment of Post-War Credits) Act 1959 of the United Kingdom Parliament is exempt income.

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