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Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 13: CTRA adjustment for conduit tax relief

You could also call this:

“This provision about tax adjustments for overseas investments is no longer in effect”

You don’t need to worry about this section of the law anymore. It was about something called a ‘CTRA adjustment for conduit tax relief’, but it was removed from the law on 7 May 2012. This change started to apply from 1 July 2011 for income years beginning on or after that date. The government made this change as part of a law called the Taxation (International Investment and Remedial Matters) Act 2012.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519129.

Topics:
Money and consumer rights > Taxes
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OD 12: CTRA transfer to group account, or

“Removed rule about moving money from a CTRA to a group account”

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OD 14: CTRA break in shareholding chain for group company, or

“Removed rule about shareholding changes in company groups”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 13CTRA adjustment for conduit tax relief (Repealed)

    Notes
    • Section OD 13: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).