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Income Tax Act 2007

Timing and quantifying rules - Valuation of trading stock (including dealer’s livestock)

EB 24: Apportionment on disposal of business assets that include trading stock

You could also call this:

"How to split business asset costs when selling, including stock"

Illustration for Income Tax Act 2007

You need to know about a rule called Apportionment on disposal of business assets that include trading stock. This rule is part of the Income Tax Act 2007. It was repealed on 1 April 2024 by the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024, which you can find on the legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1514338.

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Topics:
Money and consumer rights > TaxesBusiness > Industry rules
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Part ETiming and quantifying rules
Valuation of trading stock (including dealer’s livestock)

EB 24Apportionment on disposal of business assets that include trading stock (Repealed)

    Notes
    • Section EB 24: repealed, on , by section 54 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).