Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OD 12: CTRA transfer to group account
or “Removed rule about moving money from a CTRA to a group account”
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“This provision about tax adjustments for overseas investments is no longer in effect”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.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: OD 14: CTRA break in shareholding chain for group company

or “Removed rule about shareholding changes in company groups”
Next

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OD 13CTRA adjustment for conduit tax relief (Repealed)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    • Section OD 13: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment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