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New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Foreign dividend payment accounts (FDPA)

OC 2B: General rule for life insurer's policyholder base

You could also call this:

“This rule about life insurance companies and policyholders no longer exists”

This section of the law has been removed. It used to be about rules for life insurance companies and their policyholders, but it no longer applies. The government took it out of the law on 1 April 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=DLM3113512.

Topics:
Money and consumer rights > Taxes
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OC 2: FDP accounts, or

“FDP accounts are no longer part of the tax rules”

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OC 3: Choosing to become FDPA company, or

“FDPA companies no longer exist: Option removed in 2017”

Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 2BGeneral rule for life insurer's policyholder base (Repealed)

    Notes
    • Section OC 2B: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).