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Income Tax Act 2007

Memorandum accounts - Policyholder credit accounts (PCA)

OJ 1: General rules for companies and other persons with policyholder credit accounts

You could also call this:

“Rules for policyholder credit accounts no longer apply”

This section of the law used to have rules for companies and other people who had policyholder credit accounts. However, it’s not part of the law anymore. On 1 July 2010, this section was removed from the Income Tax Act 2007. If you want to know more about why it was removed, you can look at section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519286.

Topics:
Money and consumer rights > Taxes
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“Moving money from a company's ASC account to its imputation credit account”

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OJ 2: Policyholder credit accounts of companies, or

“Companies no longer use special tax credit accounts for policyholders”

Part O Memorandum accounts
Policyholder credit accounts (PCA)

OJ 1General rules for companies and other persons with policyholder credit accounts (Repealed)

    Notes
    • Section OJ 1: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).