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Income Tax Act 2007

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

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

You could also call this:

"Credit for transferring life insurance business no longer applies"

Illustration for Income Tax Act 2007

You should know that this part of the law no longer exists. It used to talk about something called a 'PCA person's credit for transfer of life insurance business', but it was removed from the law on 1 July 2010. This means that whatever rules were in this section before are no longer in effect. If you need information about how life insurance business transfers are handled now, you might need to look at other parts of the Income Tax Act 2007 or ask a tax expert for the most up-to-date information.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519321.

Topics:
Money and consumer rights > Taxes
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"Discontinued tax credit for policyholders no longer in effect"

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OJ 16: PCA person’s payment of tax relating to policyholder base, or

"This section about how insurance companies paid tax on policyholder income was removed in 2010"

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

OJ 15PCA person’s credit for transfer of life insurance business (Repealed)

    Notes
    • Section OJ 15: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).