Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Qualifying companies (QC)

HA 10: Nature of LAQC shares

You could also call this:

“Rules for LAQC shares were removed in 2011”

This section of the law, called ‘Nature of LAQC shares’, used to be part of the rules about how certain groups are taxed under the Income Tax Act 2007. However, it’s no longer in use. The government removed this section on 1 April 2011. This means that from that date, these rules about LAQC shares don’t apply anymore. If you need to know about how LAQC shares worked before April 2011, you might need to look at older versions of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517149.

Topics:
Money and consumer rights > Taxes
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HA 9: Limit on foreign non-dividend income, or

“Qualifying companies have a $10,000 limit on foreign non-dividend income”

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HA 11: When requirements no longer met: qualifying companies, or

“What happens when a qualifying company stops meeting requirements”

Part H Taxation of certain entities
Qualifying companies (QC)

HA 10Nature of LAQC shares (Repealed)

    Notes
    • Section HA 10: repealed, on (applying for income years beginning on or after 1 April 2011), by section 74(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).