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Income Tax Act 2007

Treatment of tax losses - Mineral miners' and petroleum miners' tax losses

IS 5: Petroleum miners’ tax losses

You could also call this:

“Petroleum miners' tax loss rules have been removed”

This section of the law about petroleum miners’ tax losses has been removed. It no longer applies as of 1 April 2018. The government made this change as part of a bigger set of tax rules. If you want to know more about taxes for petroleum miners now, you might 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=DLM1517832.

Topics:
Money and consumer rights > Taxes
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IS 4: Adjustments in certain circumstances, or

“This section about tax loss adjustments has been removed from the law”

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IS 6: When company stops being mineral miner, or

“When a mineral mining company stops operating but still has a tax loss”

Part I Treatment of tax losses
Mineral miners' and petroleum miners' tax losses

IS 5Petroleum miners’ tax losses (Repealed)

    Notes
    • Section IS 5: repealed, on , by section 148(1) (and see section 148(2) for application) of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).