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Income Tax Act 2007

Income - Excluded income - Definitions

CX 61: Avoidance arrangements

You could also call this:

“Rules about income that doesn't count for tax purposes”

You need to know about some money that doesn’t count as income for tax purposes. This is called ‘excluded income’. There are two ways money can become excluded income:

  1. If the Commissioner of Inland Revenue uses their power to adjust your income. You can find more details about this in section GA 1.

  2. If you’re paying too much money to your relatives. The rules about this are explained in section GB 23.

These rules are part of the government’s plan to stop people from avoiding taxes in unfair ways.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513490.

Topics:
Money and consumer rights > Taxes
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CX 60: Intra-group transactions, or

“Rules for money exchanges between companies in the same group”

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CX 62: Amounts of excluded income for partners, or

“Partners in a partnership may have some income that's not taxed”

Part C Income
Excluded income: Definitions

CX 61Avoidance arrangements

  1. An amount is excluded income if it is treated as excluded income under—

  2. section GA 1 (Commissioner’s power to adjust):
    1. section GB 23 (Excessive remuneration to relatives).

      Compare