Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
LZ 8: Meaning of home vendor mortgage
or “Explanation of a special home loan guaranteed by Housing New Zealand before August 1982”
You could also call this:

“Special home ownership savings accounts are no longer recognised”

This part of the law used to talk about savings in special home ownership accounts. However, it has been removed from the law. You can no longer use this section because it was taken out on 2 June 2016. If you want to know more about why it was removed, you can look at section 50 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016.

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 It might be out of date or be missing some parts.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: LZ 10: Maximum amount for 1 special home ownership account for 1 tax year

or “Yearly limit for special home ownership savings (no longer applies)”
Next

Part L Tax credits and other credits
Terminating provisions

LZ 9Savings in special home ownership accounts (Repealed)

    Notes
    • Section LZ 9: repealed, on , by section 50 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).