Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
CX 43: Farm-out arrangements for mining operations
or “Rules for sharing costs in mining partnerships”
You could also call this:

“Rules for selling mining company shares no longer apply”

This section of the law, called ‘Disposal of mining shares’, used to be part of the ‘Income Tax Act 2007’. However, it no longer exists. The government removed it on 1 April 2014. This means that any rules about selling shares in mining companies that were in this section are no longer part of the law. If you need information about selling mining shares now, you’ll need to look at other parts of the tax law or ask a tax expert for help.

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 It might be out of date or be missing some parts.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

Next up: CX 45: Disposal of mining shares acquired with reinvestment profit

or “Old rules for selling mining shares bought with reinvestment profit no longer apply”
Next

Part C Income
Excluded income: Definitions

CX 44Disposal of mining shares (Repealed)

    Notes
    • Section CX 44: repealed, on , by section 22 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).