Plain language law

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Income Tax Act 2007

Recharacterisation of certain transactions - Consolidated groups of companies

FM 1: What this subpart applies to

You could also call this:

“This subpart covers rules for eligible companies to form consolidated groups for tax purposes”

This part of the law is about eligible companies that can form a consolidated group. You can be part of this group if your company is wholly owned by other companies in the group. This means that all the companies in the group are owned by the same parent company. If you’re part of this group, you can choose to form what’s called a consolidated group of companies. This is a special way for companies to work together under the tax laws.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516625.

Topics:
Money and consumer rights > Taxes
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FM 2: Consolidation rules, or

“Rules for treating multiple companies as one for tax purposes”

Part F Recharacterisation of certain transactions
Consolidated groups of companies

FM 1What this subpart applies to

  1. This subpart applies to eligible companies that are part of a wholly-owned group of companies that choose to form a consolidated group of companies.

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