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Income Tax Act 2007

Timing and quantifying rules - Terminating provisions - Definitions

EZ 34: Election to apply financial arrangements rules in subpart EW

You could also call this:

“Choose to use financial arrangement rules by calculating a transitional adjustment”

You can choose to use the financial arrangements rules by working out a transitional adjustment under section EZ 51. This is different from what section EZ 33 says. You have the option to do this if you want to.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516109.

Topics:
Money and consumer rights > Taxes
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EZ 33: Application of old financial arrangements rules, or

“Old financial arrangement rules apply to agreements made between specific dates”

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EZ 35: Accruals in relation to income and expenditure in respect of financial arrangements, or

“Calculating yearly income and spending for financial arrangements”

Part E Timing and quantifying rules
Terminating provisions: Definitions

EZ 34Election to apply financial arrangements rules in subpart EW

  1. Despite section EZ 33, a person may elect to apply the financial arrangements rules by calculating a transitional adjustment under section EZ 51.

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