Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Qualifying companies (QC)

HA 27: Attribution when loss results in reduction in value of shares

You could also call this:

“This rule about share value losses no longer applies”

This part of the law is no longer in effect. The section called ‘Attribution when loss results in reduction in value of shares’ was removed on 1 April 2011. This means it doesn’t apply to any income years that started on or after that date. The law used to be about how to handle situations where a loss led to shares becoming less valuable, but now you don’t need to worry about this specific rule anymore.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517199.

Topics:
Money and consumer rights > Taxes
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Part H Taxation of certain entities
Qualifying companies (QC)

HA 27Attribution when loss results in reduction in value of shares (Repealed)

    Notes
    • Section HA 27: repealed, on (applying for income years beginning on or after 1 April 2011), by section 74(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).