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Income Tax Act 2007

Avoidance and non-market transactions - Terminating provisions

GZ 3: Donations of trading stock for relief of Canterbury earthquakes

You could also call this:

“This rule about donating goods after the Canterbury earthquakes is no longer in use”

You don’t need to worry about this law anymore. It used to be about donating trading stock to help after the Canterbury earthquakes, but it’s not part of the rules now. The government has removed this section from the Income Tax Act 2007.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3825903.

Topics:
Money and consumer rights > Taxes
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GZ 2: Arrangements involving cancellation of conduit tax relief credits, or

“Rules about cancelling conduit tax relief credits no longer apply”

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GZ 4: Disposals of trading stock to donee organisations or public authorities, or

“Rules for companies donating goods to charities or government agencies (no longer applies from 1 April 2024)”

Part G Avoidance and non-market transactions
Terminating provisions

GZ 3Donations of trading stock for relief of Canterbury earthquakes (Repealed)

    Notes
    • Section GZ 3: repealed, on , by section 85 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).