Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Qualifying companies (QC)

HA 2: Meaning of qualifying company

You could also call this:

“Definition of a qualifying company for tax purposes”

In this law, a qualifying company is a type of business that isn’t a unit trust. To be a qualifying company, the business needs to follow certain rules for the whole year. These rules are explained in other parts of the law called sections HA 5 to HA 9. If you want to know more about what makes a company a qualifying company, you can look at those sections for the details.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517130.

Topics:
Money and consumer rights > Taxes
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HA 1: What this subpart does, or

“This subpart explains how companies can choose special tax treatment as qualifying companies”

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HA 3: Meaning of loss-attributing qualifying company, or

“Definition of a now-obsolete type of company in tax law”

Part H Taxation of certain entities
Qualifying companies (QC)

HA 2Meaning of qualifying company

  1. In this Act, a qualifying company means a company other than a unit trust that, for the whole of an income year, meets the requirements of sections HA 5 to HA 9.

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