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New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Policyholder credit accounts (PCA) - Introductory provision

OJ 2: Policyholder credit accounts of companies

You could also call this:

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

You might be wondering about policyholder credit accounts for companies. These were special accounts that some companies used to keep track of certain tax credits. However, this part of the law doesn’t apply anymore. The government removed it on 1 July 2010. This means companies don’t use these accounts 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=DLM1519290.

Topics:
Money and consumer rights > Taxes
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OJ 1: General rules for companies and other persons with policyholder credit accounts, or

“Rules for policyholder credit accounts no longer apply”

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OJ 3: PCA transfer from imputation credit account, or

“Removed rule about transferring credits between company accounts”

Part O Memorandum accounts
Policyholder credit accounts (PCA): Introductory provision

OJ 2Policyholder credit accounts of companies (Repealed)

    Notes
    • Section OJ 2: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).