Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Government grants, funding, and compensation

DF 3: Identifying expenditure for purposes of sections DF 1 and DF 2

You could also call this:

“How to understand the purpose and repayment of grant-related suspensory loans”

When someone gives you a grant-related suspensory loan, they might tell you what the money is for or how you should pay it back. If they do this, you can trust what they say. Their statement gives you all the information you need to know about how the money should be used or paid back. This is important for understanding two other parts of the law: section DF 1 and section DF 2. These sections talk more about these kinds of loans and how they work with your taxes.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1513888.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Banking and loans
Previous

DF 2: Repayment of grant-related suspensory loans, or

“Getting money back when repaying certain loans linked to grants”

Next

DF 4: Payments for social rehabilitation, or

“Rules for taxing and claiming deductions on social rehabilitation payments”

Part D Deductions
Government grants, funding, and compensation

DF 3Identifying expenditure for purposes of sections DF 1 and DF 2

  1. For the purposes of sections DF 1 and DF 2, a statement by a person making a grant-related suspensory loan as to the expenditure that relates to the loan or to the repayment of the loan provides conclusive evidence on the questions.

Compare