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Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 21: CTRA benchmark dividend rules

You could also call this:

“Rules about certain dividends no longer apply since 2011”

This section of the law, called ‘CTRA benchmark dividend rules’, used to be part of the Income Tax Act 2007. However, it no longer applies. The government removed this rule on 7 May 2012. The change started to affect people’s taxes from 1 July 2011. This means that if you’re looking at your taxes for any year starting on or after 1 July 2011, you don’t need to worry about this rule anymore. It’s not part of the law that you need to follow now.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519154.

Topics:
Money and consumer rights > Taxes
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OD 20: CTR credits attached to dividends, or

“Rules about tax credits on dividends from overseas companies have been removed”

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OD 22: CTR credits and imputation credits attached to dividends, or

“Rules about tax credits on dividends have been removed”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 21CTRA benchmark dividend rules (Repealed)

    Notes
    • Section OD 21: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).