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Income Tax Act 2007

Tax credits paid in cash - Adjustment of net income for family scheme

MB 14: Remission income of discharged bankrupt excluded

You could also call this:

“No longer applies: Income rules for people discharged from bankruptcy removed”

This part of the law used to be about remission income for people who were discharged from bankruptcy. However, this section has been removed from the law. It no longer applies, so there are no rules to follow in this section 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=DLM7221906.

Topics:
Money and consumer rights > Taxes
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“Income from other sources used for living expenses”

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MC 1: What this subpart does, or

“This subpart explains Working for Families tax credits and how they're calculated”

Part M Tax credits paid in cash
Adjustment of net income for family scheme

MB 14Remission income of discharged bankrupt excluded

  1. Repealed
Notes
  • Section MB 14: inserted (with effect on 1 April 2014 and applying for discharges from bankruptcy after 1 April 2014), on , by section 166(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
  • Section MB 14: repealed, on , by section 167 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).