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EH 74: Income when refund given for development or recovery
or “Refunds for development or recovery are counted as income”
You could also call this:

“Getting your thinning operations income equalisation account refunded when your business is liquidated”

If you have a thinning operations income equalisation account and you are put into liquidation, the Commissioner will refund the money in your account. The Commissioner will give all the money in your account to the liquidator who is in charge of your liquidation. It doesn’t matter how long the money has been in the account. The refund will be made on the date the deposit ends, which is when you are put into liquidation.

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Next up: EH 76: Income when refund given on liquidation

or “Tax on refunds received when closing a business”
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Part E Timing and quantifying rules
Income equalisation schemes: Refunds: on application

EH 75Refund on liquidation

  1. This section applies when a person—

  2. has a thinning operations income equalisation account; and
    1. is put into liquidation.

      1. The Commissioner must refund to the liquidator appointed for the person the amount that, on the date the deposit ends, is in the person’s thinning operations income equalisation account on the date, regardless of the length of time it has been in the account.

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