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EZ 23BE: Property acquired after depreciable property affected by North Island flooding events
or “Replacing flood-damaged property with insurance money: tax implications”
You could also call this:

“Removed tax rules for Canterbury earthquake insurance payouts”

This part of the law used to be about insurance for property damaged by earthquakes in Canterbury. It was part of the rules about when and how much tax you should pay. The government removed this section from the law on 1 April 2016. This means it no longer applies to your tax returns from the 2016-17 tax year onwards.

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Next up: EZ 23D: Insurance for Canterbury earthquake damage of property: limit on depreciation recovery income

or “Old rules about insurance money for earthquake-damaged property in Canterbury”
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Part E Timing and quantifying rules
Terminating provisions

EZ 23CInsurance for Canterbury earthquake damage of property: treatment as disposal and reacquisition (Repealed)

    Notes
    • Section EZ 23C: repealed, on (applying for the 2016–17 and later income years), by section 66(1) of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Act 2014 (2014 No 4).