Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 8: CTRA reduction of FDP

You could also call this:

“This outdated provision about reducing foreign dividend payments in a tax credit account is no longer applicable”

This section of the law, called ‘CTRA reduction of FDP’, was part of the Income Tax Act 2007. It was about memorandum accounts. However, this part of the law no longer applies. It was removed on 30 June 2009. This means you don’t need to worry about following this rule anymore because it’s not in use.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519118.

Topics:

Money and consumer rights > Taxes

OD 7: CTRA dividend derived with CTR credit, or

“Removed rule about special dividends with tax credits”

OD 9: CTRA reversal of tax advantage arrangement, or

“Removed rule about undoing tax benefits in certain company accounts”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 8CTRA reduction of FDP (Repealed)

Notes

Section OD 8: repealed (with effect on 30 June 2009), on 6 October 2009, by section 425(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).