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New Zealand law explained for everyone

Income Tax Act 2007

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

OJ 14: PCA person’s equivalent credit

You could also call this:

"Discontinued tax credit for policyholders no longer in effect"

This part of the law used to talk about something called a 'PCA person's equivalent credit'. It was part of the rules about 'Policyholder credits of PCA person' in the Income Tax Act 2007. However, this section doesn't apply anymore. It was removed from the law on 1 July 2010. This means that if you're looking for information about PCA person's equivalent credit, you won't find it in the current version of this 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=DLM1519319.

Topics:
Money and consumer rights > Taxes
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"How to stop being a person with tax responsibilities"

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OJ 15: PCA person’s credit for transfer of life insurance business, or

"Credit for transferring life insurance business no longer applies"

Part OMemorandum accounts
Policyholder credit accounts (PCA): Policyholder credits of PCA person

OJ 14PCA person’s equivalent credit (Repealed)

    Notes
    • Section OJ 14: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).