Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 16: CTRA increase in resident shareholding

You could also call this:

“This provision about changes in company ownership was removed from the law in 2012”

You don’t need to worry about this section of the law anymore. It was about something called a ‘CTRA increase in resident shareholding’, but it was removed from the law on 7 May 2012. This change applies to income years that started on or after 1 July 2011. 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 It might be out of date or be missing some parts.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.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519135.

Topics:
Money and consumer rights > Taxes
Previous

OD 15: CTRA break in shareholding chain for company, or

“Removed rule about company shareholding and tax credits”

Next

OD 17: CTRA breach of CTR ratio, or

“Outdated tax rule about company tax account ratios no longer applies”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 16CTRA increase in resident shareholding (Repealed)

    Notes
    • Section OD 16: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).