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Income Tax Act 2007

Tax credits and other credits - Terminating provisions

LZ 10: Maximum amount for 1 special home ownership account for 1 tax year

You could also call this:

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

You used to be able to have a special home ownership account. The government set a maximum amount you could put into this account each tax year. However, this rule no longer applies. The government removed it on 2 June 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=DLM1518397.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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LZ 9: Savings in special home ownership accounts, or

“Special home ownership savings accounts are no longer recognised”

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LZ 11: Maximum amount for all special home ownership accounts for all tax years, or

“This rule about savings limits for special home accounts no longer applies”

Part L Tax credits and other credits
Terminating provisions

LZ 10Maximum amount for 1 special home ownership account for 1 tax year (Repealed)

    Notes
    • Section LZ 10: repealed, on , by section 50 of the Taxation (Transformation: First Phase Simplification and Other Measures) Act 2016 (2016 No 27).