Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 2: CTR accounts

You could also call this:

“CTR accounts are no longer used for tax purposes”

You don’t need to worry about CTR accounts anymore. The law that talked about them has been removed. This happened on 7 May 2012, but it actually applies from 1 July 2011. It affects any money you make from that date onwards. The government made this change as part of a bigger law about taxes on international investments and other related matters.

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 It might be out of date or be missing some parts.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=DLM1519100.

Topics:
Money and consumer rights > Taxes
Previous

OD 1: General rules for companies with CTR accounts, or

“Old rules for companies with special tax accounts no longer apply”

Next

OD 3: Choosing to become CTR company, or

“You can no longer choose to become a CTR company”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 2CTR accounts (Repealed)

    Notes
    • Section OD 2: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).