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Income Tax Act 2007

Income - Excluded income - Definitions

CX 63B: Amounts of excluded income for owners

You could also call this:

“Money that owners don't have to pay tax on”

If you have an effective look-through interest for a look-through company, you have an amount of excluded income. This happens when an amount of excluded income comes from the rules in subpart HB (Look-through companies). You get this amount of excluded income because of these rules.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1426518.

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CX 63: Dividends derived after company ceased to be look-through company, or

"Dividend exclusions after company stops being look-through"

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CX 64: Income from financial instrument, or

"Money from financial instruments that may be tax-free"

Part C Income
Excluded income: Definitions

CX 63BAmounts of excluded income for owners

  1. A person who has an effective look-through interest for a look-through company has an amount of excluded income to the extent to which an amount of excluded income results from the application of subpart HB (Look-through companies).

Notes
  • Section CX 63B: inserted (with effect on 1 April 2011), on , by section 33(1) (and see section 33(2) for application) of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).