Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits and other credits - Underlying foreign tax credits (UFTC)

LL 2: Tax credits for underlying foreign tax

You could also call this:

“Explanation of previous rules for tax credits on foreign taxes that no longer apply”

You might see a section called ‘Tax credits for underlying foreign tax’ in the Income Tax Act 2007. This was part of the rules about tax credits and other credits. However, this section no longer exists in the law. It was removed on 30 June 2009. This means that the rules about tax credits for underlying foreign tax that used to be here are no longer in effect.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518192.

Topics:
Money and consumer rights > Taxes
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LL 1: What this subpart does, or

“This section explains that subpart LL is no longer part of the Income Tax Act”

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LL 3: Meaning of grey list dividend, or

“Definition of grey list dividend removed from tax law”

Part L Tax credits and other credits
Underlying foreign tax credits (UFTC)

LL 2Tax credits for underlying foreign tax (Repealed)

    Notes
    • Section LL 2: repealed (with effect on 30 June 2009), on , by section 343(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).