Tax credits and other credits - Terminating provisions
LZ 3: Interest derived from development investments
You could also call this:
“Removed rules about interest from development investments”
This section of the law, called ‘Interest derived from development investments’, used to be part of the Income Tax Act 2007. It was under the part about tax credits and other credits. However, this section no longer exists in the law. The government removed it on 17 July 2013. The change affected tax years from 2013-14 onwards. This means that since then, there are no special rules in this part of the law about interest from development investments.
LZ 4: Dividends derived from development investments, or
“Tax credits for development investment dividends (now removed)”
Part L
Tax credits and other credits
Terminating provisions
LZ 3Interest derived from development investments (Repealed)
Notes
Section LZ 3: repealed (with effect on 1 April 2013 and applying for the 2013–14 and later income years), on , by section 74(1) of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).
