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Income Tax Act 2007

Taxation of certain entities - Maori authorities - Table H1Consequences of change in entity status for purposes of Maori authority rules

HF 9: Treatment of companies and trusts that choose to apply this subpart

You could also call this:

“How companies and trusts are treated when they choose to become or stop being a Maori authority”

If you’re a company and you decide to become a Maori authority in a tax year, you need to follow the rules in the first row of table H1.

If you’re a trust and you choose to become a Maori authority in a tax year, you (as the trustee) need to follow the rules in the second row of table H1.

If you’re a Maori authority that’s set up as a company and you stop being a Maori authority in a tax year, you need to follow the rules in the third row of table H1.

If you’re a Maori authority that’s set up as a trust and you stop being a Maori authority in a tax year, you (as the trustee) need to follow the rules in the fourth row of table H1.

These rules help you understand what to do when your status changes between being a company, trust, or Maori authority.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517493.

Topics:
Money and consumer rights > Taxes
Māori affairs > Māori land
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HF 8: Proportional allocation, or

“How Maori authorities fairly distribute taxable and non-taxable items to members”

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HF 10: Market value calculations, or

“How to calculate property values when an entity becomes a Maori authority again”

Part H Taxation of certain entities
Maori authorities: Table H1Consequences of change in entity status for purposes of Maori authority rules

HF 9Treatment of companies and trusts that choose to apply this subpart

  1. If a company becomes a Maori authority in a tax year, the company must apply table H1, row 1.

  2. If a trust becomes a Maori authority in a tax year, the trustee must apply table H1, row 2.

  3. If a Maori authority is a company that stops being a Maori authority in a tax year, it must apply table H1, row 3.

  4. If a Maori authority is a trust that stops being a Maori authority in a tax year, the trustee must apply table H1, row 4.

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