Plain language law

New Zealand law explained for everyone

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.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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
Previous

OJ 2: Policyholder credit accounts of companies, or

"Companies no longer use special tax credit accounts for policyholders"

Next

OJ 4: PCA transfer from FDP account, or

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

Part OMemorandum 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OJ 3PCA transfer from imputation credit account (Repealed)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    • Section OJ 3: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).