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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:

"Lower costs for some residential land used to earn income"

Illustration for Income Tax Act 2007

You have a property that is used to earn income. The cost of some residential land is reduced for revenue account property. This rule was repealed on 1 July 2024, by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.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.

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Part DDeductions
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DB 23CRevenue account property: cost of some residential land reduced (Repealed)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    • Section DB 23C: repealed, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).