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Income Tax Act 2007

Avoidance and non-market transactions - Avoidance: specific

GB 8: Arrangements involving attributed repatriation from CFCs

You could also call this:

“This rule about overseas companies' money and taxes no longer applies”

You don’t need to know about arrangements involving attributed repatriation from CFCs anymore. This part of the law was removed on 24 February 2016. It used to be a rule about how some overseas companies’ money was treated for tax purposes, but it’s not part of the current Income Tax Act 2007.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516893.

Topics:

Money and consumer rights > Taxes

GB 7: Arrangements involving CFC control interests, or

“Rules for foreign company ownership to prevent tax avoidance”

GB 9: Temporary disposals of direct control or income interests, or

“Rules for temporary sales of interests in foreign companies”

Part G Avoidance and non-market transactions
Avoidance: specific

GB 8Arrangements involving attributed repatriation from CFCs (Repealed)

Notes

Section GB 8: repealed, on 24 February 2016, by section 179 of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).