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Income Tax Act 2007

Avoidance and non-market transactions - Terminating provisions

GZ 5: Disposals of trading stock to non-associates

You could also call this:

"Selling trading stock to people you don't work with"

Illustration for Income Tax Act 2007

You need to know about a rule called Disposals of trading stock to non-associates. This rule was part of the Income Tax Act 2007. It was repealed on 1 April 2024 by the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024, which you can find on the https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS945312 legislation website.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS483812.

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Topics:
Money and consumer rights > Taxes
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GZ 4: Disposals of trading stock to donee organisations or public authorities, or

"Selling trading stock to charities or government agencies"

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HA 1: What this subpart does, or

"This subpart explains how companies can choose special tax treatment as qualifying companies"

Part GAvoidance and non-market transactions
Terminating provisions

GZ 5Disposals of trading stock to non-associates (Repealed)

    Notes
    • Section GZ 5: repealed, on , by section 85 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).