Avoidance and non-market transactions - Terminating provisions
GZ 2: Arrangements involving cancellation of conduit tax relief credits
You could also call this:
“Rules about cancelling conduit tax relief credits no longer apply”
This part of the law used to talk about arrangements involving the cancellation of conduit tax relief credits. However, it has been removed from the law. This means that these rules no longer apply. The removal took effect on 1 July 2011 and applies to income years that start on or after that date. If you want to know more about why this change was made, you might need to look at other parts of the law or ask someone who knows about tax laws.
GZ 3: Donations of trading stock for relief of Canterbury earthquakes, or
“This rule about donating goods after the Canterbury earthquakes is no longer in use”
Part G
Avoidance and non-market transactions
Terminating provisions
GZ 2Arrangements involving cancellation of conduit tax relief credits (Repealed)
Notes
Section GZ 2: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 72(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
Section GZ 2(1)(b): replaced (with effect on 1 July 2009 and applying for income years beginning on or after that date), on , by section 71(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
Section GZ 2 list of defined termsCTR group member: inserted (with effect on 1 July 2009), on , by section 71(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
Section GZ 2 list of defined termsresident in New Zealand: inserted (with effect on 1 July 2009), on , by section 71(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
