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Income Tax Act 2007

Taxation of certain entities - Qualifying companies (QC)

HA 25: Treatment of certain foreign losses

You could also call this:

“This section about handling some overseas losses is no longer in use”

The law about ‘Treatment of certain foreign losses’ used to be in this section. However, it no longer applies. The government removed this part of the law on 1 April 2011. This means that from that date, any rules that were in this section no longer work. If you want to know how foreign losses are treated now, you’ll need to look at other parts of the tax 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=DLM1517195.

Topics:
Money and consumer rights > Taxes
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HA 24: Treatment of tax losses other than certain foreign losses, or

“Rules for handling most tax losses have been removed”

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HA 26: Attribution when balance dates differ, or

“How to handle taxes when financial reporting dates differ (now repealed)”

Part H Taxation of certain entities
Qualifying companies (QC)

HA 25Treatment of certain foreign losses (Repealed)

    Notes
    • Section HA 25: repealed, on (applying for income years beginning on or after 1 April 2011), by section 74(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).