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Income Tax Act 2007

Income - Excluded income - Definitions

CX 45: Disposal of mining shares acquired with reinvestment profit

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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513441.

Topics:

Money and consumer rights > Taxes

CX 44: Disposal of mining shares, or

“Rules for selling mining company shares no longer apply”

CX 46: Repayment of loans made from reinvestment profit, or

“Outdated rule about repaying loans from reinvestment profit no longer applies”

Part C Income
Excluded income: Definitions

CX 45Disposal of mining shares acquired with reinvestment profit (Repealed)

Notes

Section CX 45: repealed, on 1 April 2014, by section 23 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).