Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Tax credits paid in cash - Entitlements under family scheme

MC 9: Credits for person aged 18

You could also call this:

“Tax credits available for dependent 18-year-olds in education”

If you’re 18 years old, you can get tax credits if you’re not financially independent and you’re going to school or a tertiary education place. These tax credits are called the abating WFF tax credit and the minimum family tax credit.

The Commissioner of Inland Revenue decides how long you can get these tax credits for. The time you can get them ends on or before the first day the Commissioner sets for paying instalments of tax credits in the year after you turn 18.

The Commissioner uses section 80KI of the Tax Administration Act 1994 to decide when to pay these instalments.

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 It might be out of date or be missing some parts.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=DLM1518490.

Topics:
Money and consumer rights > Taxes
Education and learning > Higher education
Previous

MC 8: Continuing requirements, or

“Ongoing rules for family scheme payments and tax credits”

Next

MC 10: Principal caregiver, or

“Who is considered the main person responsible for a child's daily care”

Part M Tax credits paid in cash
Entitlements under family scheme

MC 9Credits for person aged 18

  1. A person is entitled to a tax credit under sections MD 1 (Abating WFF tax credit) and ME 1 (Minimum family tax credit) for a person aged 18 who—

  2. is not financially independent; and
    1. is attending school or a tertiary educational establishment.

      1. The Commissioner must determine the period for which a person is entitled to an abating WFF tax credit or a minimum family tax credit for a person who is 18 years of age.

      2. The period determined by the Commissioner ends on or before the first day fixed by the Commissioner for payments of instalments of tax credits under section 80KI of the Tax Administration Act 1994 in the calendar year following that in which the person turns 18 years of age.

      Compare
      Notes
      • Section MC 9(1): amended, on , by section 463(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MC 9(2): amended, on , by section 463(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MC 9 list of defined terms abating WFF tax credit: inserted, on , by section 463(3)(a) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MC 9 list of defined terms family assistance credit: repealed, on , by section 463(3)(b) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
      • Section MC 9 list of defined terms minimum family tax credit: inserted, on , by section 463(3)(a) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).