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Income Tax Act 2007

Income - Exempt income

CW 26F: Meaning of share

You could also call this:

“Defining shares for exempt employee share schemes”

For the purposes of section CW 26C, a share means a specific type of company share. It’s a fully paid ordinary share in a company that has an exempt ESS. This share must be equal in rank and have the same name as existing ordinary voting shares in the company. This definition applies only to companies that make their shares available under an exempt ESS.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS32498.

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Money and consumer rights > Taxes
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Part C Income
Exempt income

CW 26FMeaning of share

  1. For the purposes of section CW 26C, share means, for a company whose shares are made available under an exempt ESS, a fully paid ordinary share that ranks equally with, and has the same designation as, an existing ordinary voting share in the company.

Notes
  • Section CW 26F: inserted, on , by section 35 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).