Income Tax Act 2007

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

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

You could also call this:

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

This part of the law used to talk about how a PCA person pays tax related to their policyholder base. However, this section no longer applies. It was removed from the law on 1 July 2010. If you need to know about how PCA persons pay tax now, you should look at other parts of the current tax laws.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519324.

Topics:
Money and consumer rights > Taxes

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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”


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OJ 17: PCA person’s equivalent debit, or

“Outdated tax rule about policyholder debits no longer applies”

Part O Memorandum accounts
Policyholder credit accounts (PCA): Policyholder debits of PCA person

OJ 16PCA person’s payment of tax relating to policyholder base (Repealed)

    Notes
    • Section OJ 16: repealed, on , by section 439(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).