Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
OP 11: Consolidated ICA payment of further income tax
or “Consolidated groups get credit for paying extra income tax”
You could also call this:

“This section about tax credits for group companies' research spending is no longer active”

You don’t need to know about this section of the law anymore. It used to be about how companies in a group could use money they spent on research and development to reduce their taxes. However, this part of the law was removed on 30 March 2017. The change applies to money spent from 1 April 2009 onwards. If you need to know about how research and development spending affects taxes now, you should look at other parts of the tax laws that are still in use.

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 It might be out of date or be missing some parts.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: OP 11C: Consolidated ICA credit for research and development tax credit

or “Group tax credit for company's research and development”
Next

Part O Memorandum accounts
Memorandum accounts of consolidated groups: Imputation credits of consolidated imputation groups

OP 11BConsolidated ICA expenditure on research and development (Repealed)

    Notes
    • Section OP 11B: repealed (with effect on 1 April 2009), on , by section 230 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).