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Income Tax Act 2007

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

LL 7: Conduit financing arrangements

You could also call this:

“Law about special financing arrangements no longer applies to tax credits”

The law about ‘conduit financing arrangements’ has been removed. This means it no longer applies to how you might get tax credits or other credits for your income tax. You don’t need to worry about this part of the law anymore when you’re thinking about 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=DLM1518230.

Topics:
Money and consumer rights > Taxes
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LL 6: Foreign dividend company lower tier UFTCs, or

“Removed rule about tax credits for certain foreign dividends”

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LL 8: Currency conversion, or

“This provision about converting different currencies for tax credits is no longer in use”

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

LL 7Conduit financing arrangements (Repealed)

    Notes
    • Section LL 7: repealed (with effect on 30 June 2009), on , by section 343(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).