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Income Tax Act 2007

Deductions - Specific rules for expenditure types

DB 70: Deduction for interruption expenditure due to emergency event

You could also call this:

“Money back for costs when an emergency stops your business”

If your income-earning activity is interrupted by an emergency event, you may be allowed a deduction for expenditure you incur during this time. You must meet the requirements of section FP 13 to be eligible for this deduction. This rule is in addition to the general rules that apply to deductions.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS1432615.

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Part D Deductions
Specific rules for expenditure types

DB 70Deduction for interruption expenditure due to emergency event

  1. A person is allowed a deduction for expenditure incurred while their income-earning activity is interrupted by an emergency event if they meet the requirements of section FP 13 (Treatment of expenditure when income-earning activity interrupted).

  2. This section supplements the general permission.

Notes
  • Section DB 70: inserted, on , by section 40 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).
  • Section DB 70: editorial change made to insert section DB 70 in its appropriate numerical order by the PCO, on , under sections 86(1) and 87(l)(iv) of the Legislation Act 2019 (2019 No 58).