Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
LP 9: Relationship with RWT rules
or “This provision about foreign dividend tax credits and RWT rules is no longer in effect”
You could also call this:

“This section about limits on tax deductions was removed in 2013”

You can no longer use this part of the law. It was removed on 1 April 2013. This means it doesn’t apply to any tax years from 2013-14 onwards. The part that was removed was about limits on deductions related to tax credits and other credits in the Income Tax Act 2007.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: LQ 1: Tax credits of CTR companies

or “Tax credits for certain companies no longer apply”
Next

Part L Tax credits and other credits
Tax credits for supplementary dividends

LP 10Limitation on deductions (Repealed)

    Notes
    • Section LP 10: repealed, on (applying for the 2013–14 and later income years), by section 82(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).