Income Tax Act 2007

Recharacterisation of certain transactions - Terminating provisions

FZ 4: Deductions under specified leases

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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516854.

Topics:
Money and consumer rights > Taxes

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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).

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