Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 10: CTRA payment of dividend

You could also call this:

“This rule about paying dividends from tax credits was removed in 2011”

This section of the law, called ‘CTRA payment of dividend’, was part of the Income Tax Act 2007. However, it no longer applies. The government removed this rule on 1 July 2011. This means that from that date, you don’t need to worry about what this section used to say. If you’re looking at your taxes for any time after 1 July 2011, this rule won’t affect you.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519123.

Topics:
Money and consumer rights > Taxes
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OD 9: CTRA reversal of tax advantage arrangement, or

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

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OD 11: CTRA transfer to FDP account, or

“Old rule about transferring tax credits between company accounts no longer applies”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 10CTRA payment of dividend (Repealed)

    Notes
    • Section OD 10: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).