You might have noticed that this part of the law has been removed. It used to be about something called the ‘Available capital distribution amount’ from 1988 to 2010. This was part of the rules about income in the Income Tax Act 2007. The government took this section out of the law on 30 March 2017. They did this through another law called the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2892900.
CZ 9: Available capital distribution amount: 1965 and 1985–1992, or
“How to calculate capital gains for companies based on pre-1992 profits and tax rules”
CZ 10: Transitional relief for calculation of attributed repatriation dividends: 2 July 1992, or
“Old rules for calculating special dividends on 2 July 1992 no longer apply”
