Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OD 17: CTRA breach of CTR ratio
or “Outdated tax rule about company tax account ratios no longer applies”
You could also call this:

“Removed rule about tax advantage arrangements in special accounts”

The ‘CTRA tax advantage arrangement’ section has been removed from the law. It used to be part of the rules about keeping track of money in special accounts, but it doesn’t apply anymore. The government took this section out of the law on 7 May 2012. This change affected how things worked from 1 July 2011 onwards.

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 It might be out of date or be missing some parts.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 19: CTRA final balance

or “This provision about memorandum accounts has been removed from the law”
Next

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 18CTRA tax advantage arrangement (Repealed)

    Notes
    • Section OD 18: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).