Plain language law

New Zealand law explained for everyone

Plain Language Law homepage
YB 16: Exceptions for certain trusts and charitable organisations
or “Some trusts and charities are exempt from rules about connected persons”

You could also call this:

“This provision about partnerships and associated partners has been removed”

This part of the law used to be about partnerships and how partners and their associates were connected. However, it’s no longer in effect. The government removed this section on 1 April 2010. If you want to know more about how partnerships work in tax law now, you might need to look at other parts of the Income Tax Act 2007 or ask a tax expert for the most up-to-date information.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.


Next up: YB 18: Persons habitually acting together: 1988 version provisions

or “Old rule about people working together regularly no longer applies”

Part Y Definitions and related matters
Associated persons and nominees: Table Y1: Associated person rules

YB 17Partnerships: partnership and associate of partner (Repealed)

    Notes
    • Section YB 17: repealed, on , by section 563(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).