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CX 48: Amounts remitted as condition of new start grant
or “ This rule about debt forgiveness for new start grants has been removed from the law ”

You could also call this:

“Removal of rules about forest land units from tax law”

This section of the law, called ‘Issue of post-1989 forest land units’, used to be part of the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 6 October 2009, but the change applies from 26 September 2008. This means that this part of the law no longer exists and doesn’t affect how taxes work anymore.

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Next up: CX 48C: Government funding additional to government screen production payments

or “Additional government funding for screen productions may not be taxable income”

Part C Income
Excluded income: Definitions

CX 48BIssue of post-1989 forest land units (Repealed)

    Notes
    • Section CX 48B: repealed (with effect on 26 September 2008), on , by section 58 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).