This part of the law is about selling trading stock to people or companies that are not connected to you. It’s called ‘Disposals of trading stock to non-associates’. However, this rule is no longer in use. The government decided to remove it from the law starting from 1 April 2024. This means you don’t need to follow this rule anymore when you’re dealing with your trading stock.
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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.
GZ 4: Disposals of trading stock to donee organisations or public authorities, or
“Rules for companies donating goods to charities or government agencies (no longer applies from 1 April 2024)”
HA 1: What this subpart does, or
“This subpart explains how companies can choose special tax treatment as qualifying companies”
