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Income Tax Act 2007

Memorandum accounts - Memorandum accounts of consolidated groups - Introductory provisions

OP 80: Provisions applying to consolidated groups with CTR accounts

You could also call this:

“Rules for group tax accounts no longer apply”

This part of the law used to be about rules for consolidated groups with CTR accounts. However, it’s no longer in effect. The government removed this section on 7 May 2012. The change started from 1 July 2011 and applies to income years that begin on or after that date. If you need to know more about this, you can look at section 112(2) of the Taxation (International Investment and Remedial Matters) Act 2012.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519598.

Topics:
Money and consumer rights > Taxes
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OP 79: When credits and debits arise only in CTR group accounts, or

“This rule about group tax accounts has been removed”

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OP 81: Consolidated CTRA tax credit for conduit tax relief, or

“Credit for overseas tax relief for company groups no longer applies”

Part O Memorandum accounts
Memorandum accounts of consolidated groups: Introductory provisions

OP 80Provisions applying to consolidated groups with CTR accounts (Repealed)

    Notes
    • Section OP 80: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 112(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).