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Income Tax Act 2007

Income - Terminating provisions

CZ 23: Insurance or compensation for buildings replaced as revenue account property affected by Canterbury earthquakes

You could also call this:

“Removed: Rules for Canterbury earthquake building compensation no longer apply”

This part of the law used to talk about insurance or compensation for buildings that were replaced as revenue account property because of the Canterbury earthquakes. However, this section has been removed from the law. It was taken out on 2 November 2012, but the change applies from 4 September 2010. This means that the rules in this section no longer apply, and you can’t use them anymore.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3824856.

Topics:

Money and consumer rights > Taxes

CZ 22: Geothermal wells between 31 March 2003 and 17 May 2006, or

“Tax rules for geothermal wells constructed or acquired during a specific period”

CZ 23: Employee benefits for Canterbury earthquake relief: exempt income, or

“Tax-free benefits for workers affected by Canterbury earthquakes”

Part C Income
Terminating provisions

CZ 23Insurance or compensation for buildings replaced as revenue account property affected by Canterbury earthquakes (Repealed)

Notes

Section CZ 23: repealed (with effect on 4 September 2010), on 2 November 2012, by section 18 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).