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 86: Consolidated CTRA reversal of tax advantage arrangement

You could also call this:

“This tax rule about reversing company tax advantages no longer applies”

This section of the law is no longer in effect. It was removed on 7 May 2012. The removal applies to income years that started on or after 1 July 2011. This means you don’t need to worry about this part of the law 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=DLM1519616.

Topics:
Money and consumer rights > Taxes
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OP 85: Consolidated CTRA transfer from group’s FDP account, or

“Transfer of funds between company group accounts no longer allowed”

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OP 87: Consolidated CTRA payment of dividend, or

“Removed rule about company groups paying dividends under Consolidated CTRA”

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

OP 86Consolidated CTRA reversal of tax advantage arrangement (Repealed)

    Notes
    • Section OP 86: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 113(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).