Income Tax Act 2007

Memorandum accounts - Policyholder credit accounts (PCA) - Policyholder credits of PCA company

OJ 3: PCA transfer from imputation credit account

You could also call this:

“Removed rule about transferring credits between company accounts”

This section of the law used to explain how a policyholder credit account (PCA) company could transfer credits from its imputation credit account. However, this rule no longer applies. The government removed it on 1 July 2010. If you want to know more about how this used to work, you might need to look at older versions of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519293.

Topics:
Money and consumer rights > Taxes

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OJ 2: Policyholder credit accounts of companies, or

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


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OJ 4: PCA transfer from FDP account, or

“Old rule about transferring funds between insurance company accounts (no longer applies)”

Part O Memorandum accounts
Policyholder credit accounts (PCA): Policyholder credits of PCA company

OJ 3PCA transfer from imputation credit account (Repealed)

    Notes
    • Section OJ 3: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).