When you are talking about income, you need to know what a share is. For the purposes of section CW 26C, a share is a fully paid ordinary share in a company. This share must rank equally with an existing ordinary voting share in the company and have the same designation.

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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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Topics:

Money and consumer rights > Taxes

CW 26E: Meaning of normal retiring age, or

"What counts as the normal age to retire for different workers"

CW 26G: Meaning of trustee, or

"What a trustee is in the Income Tax Act 2007"

Part CIncome
Exempt income

CW 26FMeaning of share

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 29 March 2018, by section 35 of the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 (2018 No 5).