Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
HA 24: Treatment of tax losses other than certain foreign losses
or “Rules for handling most tax losses have been removed”
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.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: HA 26: Attribution when balance dates differ

or “How to handle taxes when financial reporting dates differ (now repealed)”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

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HA 25Treatment of certain foreign losses (Repealed)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    • Section HA 25: repealed, on (applying for income years beginning on or after 1 April 2011), by section 74(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).