Income Tax Act 2007

Timing and quantifying rules - Life insurance rules - Transitional adjustments and annuities

EY 35: How discontinuance profit is calculated

You could also call this:

“This section has been removed and no longer applies”

This part of the law has been removed. It used to explain how to work out the profit when something stops, but it’s not used anymore. The government took it out of the rules on 1 July 2010. If you need to know about this topic now, you should look at newer parts of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1515901.

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Money and consumer rights > Taxes

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EY 34: Mortality profit formula: negative result, or

“This rule about calculating life insurance profits no longer applies”


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EY 36: Discontinuance profit for income year, or

“This section about profit when stopping business was removed from the tax law in 2010”

Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 35How discontinuance profit is calculated (Repealed)

    Notes
    • Section EY 35: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).