Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
CX 44: Disposal of mining shares
or “Rules for selling mining company shares no longer apply”
You could also call this:

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

This law used to talk about what happens when you sell shares in a mining company that you bought with reinvestment profit. However, this part of the law no longer exists. It was removed on 1 April 2014, so you don’t need to worry about it anymore.

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 It might be out of date or be missing some parts.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 46: Repayment of loans made from reinvestment profit

or “Outdated rule about repaying loans from reinvestment profit no longer applies”
Next

Part C Income
Excluded income: Definitions

CX 45Disposal of mining shares acquired with reinvestment profit (Repealed)

    Notes
    • Section CX 45: repealed, on , by section 23 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).