Income Tax Act 2007

Tax credits and other credits - Terminating provisions

LZ 9: Savings in special home ownership accounts

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.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518393.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
Housing and property > Buying and selling homes

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LZ 8: Meaning of home vendor mortgage, or

“Explanation of a special home loan guaranteed by Housing New Zealand before August 1982”


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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)”

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LZ 9Savings in special home ownership accounts (Repealed)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    • Section LZ 9: repealed, on , by section 50 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).