Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Specific rules for expenditure types

DB 23C: Revenue account property: cost of some residential land reduced

You could also call this:

“Rule about reducing the cost of some residential land has been removed”

This part of the law has been removed. It used to talk about how the cost of some residential land was reduced for revenue account property. You don’t need to worry about this rule anymore because it’s no longer part of the law. The government took it out on 1 July 2024.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS478428.

Topics:
Money and consumer rights > Taxes
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DB 23B: Revenue account property: certain intra-group transactions, or

“Special tax rules for certain financial deals between companies in the same group”

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DB 24: Share losses, or

“Rules for claiming losses when shares lose value”

Part D Deductions
Specific rules for expenditure types

DB 23CRevenue account property: cost of some residential land reduced (Repealed)

    Notes
    • Section DB 23C: repealed, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).