Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Memorandum accounts of consolidated groups - CTR credits of consolidated groups

OP 81: Consolidated CTRA tax credit for conduit tax relief

You could also call this:

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

The law used to have a section called ‘Consolidated CTRA tax credit for conduit tax relief’. This section was part of the rules about CTR credits for consolidated groups in the Income Tax Act 2007. However, this section no longer exists. It was removed from the law on 30 June 2009. This means that the rules it contained are no longer in effect and you don’t need to worry about them anymore.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519601.

Topics:
Money and consumer rights > Taxes
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OP 80: Provisions applying to consolidated groups with CTR accounts, or

“Rules for group tax accounts no longer apply”

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OP 82: Consolidated CTRA reduction of FDP, or

“Outdated rule for reducing foreign dividend payments in group tax accounts”

Part O Memorandum accounts
Memorandum accounts of consolidated groups: CTR credits of consolidated groups

OP 81Consolidated CTRA tax credit for conduit tax relief (Repealed)

    Notes
    • Section OP 81: repealed (with effect on 30 June 2009), on , by section 472(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).