Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits and other credits - Tax credits for policyholder income

LR 1: Tax credits for policyholder income

You could also call this:

“Tax credits for policyholder income are no longer available”

You used to be able to get tax credits for policyholder income. However, this part of the law has been removed. It’s no longer in effect as of 1 April 2014. This means that from the 2014-15 tax year onwards, you can’t claim these tax credits anymore.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518349.

Topics:
Money and consumer rights > Taxes
Previous

LQ 5: CTR additional dividends, or

“Removed rule about extra dividends for certain companies”

Next

LS 1: Tax credits for multi-rate PIEs, or

“Tax credits available for certain multi-rate PIEs and their investors”

Part L Tax credits and other credits
Tax credits for policyholder income

LR 1Tax credits for policyholder income (Repealed)

    Notes
    • Section LR 1: repealed, on (applying for the 2014–15 and later income years), by section 105 of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).