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Income Tax Act 2007

Deductions - Income equalisation schemes and environmental restoration accounts schemes

DQ 2: Adverse event income equalisation scheme

You could also call this:

“Tax deduction for adverse event income equalisation scheme no longer available”

You used to be able to get a tax deduction for something called the “adverse event income equalisation scheme”. However, this is no longer the case. The law that allowed this was removed on 18 March 2019. This means you can’t use this scheme anymore to reduce your taxable income.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514006.

Topics:
Money and consumer rights > Taxes
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DQ 1: Main income equalisation scheme, or

“Tax deductions for farmers who save income in a special scheme”

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DQ 3: Thinning operations income equalisation scheme, or

“Smoothing out income from forest thinning for tax purposes”

Part D Deductions
Income equalisation schemes and environmental restoration accounts schemes

DQ 2Adverse event income equalisation scheme (Repealed)

    Notes
    • Section DQ 2: repealed, on , by section 154(1) (and see section 154(2) for application) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).