Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

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

LL 4: Tracking accounts

You could also call this:

“Tracking accounts for tax credits are no longer required”

You don’t need to keep track of any accounts for this part of the law anymore. The rule about tracking accounts for tax credits was removed on 30 June 2009. This means it’s no longer something you have to worry about when dealing with your taxes.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518213.

Topics:
Money and consumer rights > Taxes
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Part L Tax credits and other credits
Underlying foreign tax credits (UFTC)

LL 4Tracking accounts (Repealed)

    Notes
    • Section LL 4: repealed (with effect on 30 June 2009), on , by section 343(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).