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Income Tax Act 2007

Tax credits and other credits - Tax credits for payments, deductions, and family payments

LB 4B: Tax credit for R&D tax losses

You could also call this:

“Getting a tax credit for losses from research and development activities”

You can get a tax credit for a tax year if you have research and development (R&D) tax losses. The amount of the tax credit is the same as your R&D loss tax credit for that tax year. To find out more about how this works, you can look at the rules in subpart MX of the Income Tax Act 2007. These rules explain how tax credits for R&D tax losses are calculated.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6767118.

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Money and consumer rights > Taxes
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Part L Tax credits and other credits
Tax credits for payments, deductions, and family payments

LB 4BTax credit for R&D tax losses

  1. A person has a tax credit for a tax year equal to their R&D loss tax credit under subpart MX (Tax credits for R&D tax losses) for the tax year.

Notes
  • Section LB 4B: inserted (with effect on 1 April 2015 and applying for income years beginning on or after that date), on , by section 199(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).