Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 3: Choosing to become CTR company

You could also call this:

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

You can no longer choose to become a CTR company. This option was removed from the law on 1 July 2011. If you had plans to become a CTR company, you’ll need to look at other options now.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519102.

Topics:
Money and consumer rights > Taxes
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OD 2: CTR accounts, or

“CTR accounts are no longer used for tax purposes”

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OD 4: When company stops being CTR company, or

“This provision about CTR companies is no longer in effect”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 3Choosing to become CTR company (Repealed)

    Notes
    • Section OD 3: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).