Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
FZ 3: Income of lessor under specified lease
or “How the owner's income is calculated for special lease agreements”
You could also call this:

“Rules for claiming expenses under certain types of leases”

If you have a specified lease, you can’t claim deductions for money you spend under that lease. There’s only one exception to this rule. You can find out about this exception in section DZ 14(3). This section talks about deductions under specified leases.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: FZ 5: Commercial bills

or “Rules for transferring commercial bills during relationship property division”
Next

Part F Recharacterisation of certain transactions
Terminating provisions

FZ 4Deductions under specified leases

  1. A lessee under a specified lease is denied a deduction for expenditure incurred by them under the lease except to the extent described in section DZ 14(3) (Deductions under specified leases).

Compare