Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Timing and quantifying rules - Income equalisation schemes - Deposits and accounts

EH 39: Adverse event income equalisation account

You could also call this:

“Adverse event income equalisation account no longer exists”

You no longer have an adverse event income equalisation account. The government removed this part of the law on 18 March 2019. This account was part of the rules about deposits and accounts in the Income Tax Act 2007.

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 It might be out of date or be missing some parts.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=DLM1514924.

Topics:
Money and consumer rights > Taxes
Previous

EH 38: Adverse event deposit, or

“Money set aside for unexpected farming events is no longer recognised in tax law”

Next

EH 40: Interest on deposits in adverse event income equalisation account, or

“This rule about interest on special farming accounts no longer applies”

Part E Timing and quantifying rules
Income equalisation schemes: Deposits and accounts

EH 39Adverse event income equalisation account (Repealed)

    Notes
    • Section EH 39: repealed, on , by section 169(3) (and see section 169(11) for application) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).