Memorandum accounts - Memorandum accounts of consolidated groups - CTR debits of consolidated groups
OP 91: Consolidated CTRA increase in resident shareholding
You could also call this:
“Removed provision about tax credits when NZ shareholders increase in consolidated groups”
This section of the law, called ‘Consolidated CTRA increase in resident shareholding’, has been removed. It used to be part of the rules about CTR debits for consolidated groups in the Income Tax Act 2007. The government took this section out of the law on 7 May 2012. This change affected tax years starting from 1 July 2011 onwards.
“Removed rule about consolidated group tax account imbalances”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
CTR debits of consolidated groups
OP 91Consolidated CTRA increase in resident shareholding (Repealed)
Notes
Section OP 91: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 114(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
