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Income Tax Act 2007

Recharacterisation of certain transactions - Interest apportionment for conduit investment

FF 4: Threshold for application of interest apportionment rule

You could also call this:

“Rule for dividing interest no longer applies”

This part of the law used to talk about when you need to use a special rule for dividing up interest. The rule was about how to handle certain money transactions. However, this section has been removed from the law. It no longer applies and isn’t used anymore. The government took it out of the law on 30 June 2009.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516565.

Topics:
Money and consumer rights > Taxes
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FF 3: Steps required to determine treatment of excessive interest expenditure, or

“This section about handling excessive interest costs has been removed from the law”

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FF 5: Determination of excess amount of interest expenditure of group, or

“How to calculate if a group spent too much on interest (no longer applies)”

Part F Recharacterisation of certain transactions
Interest apportionment for conduit investment

FF 4Threshold for application of interest apportionment rule (Repealed)

    Notes
    • Section FF 4: repealed (with effect on 30 June 2009), on , by section 228(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
    • Section FF 4(1)(a) (as it read immediately before repeal on 6 October 2009 and applying for the 2008–09 and later income years): amended (with effect on 1 April 2008), on , by section 65(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).