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CC 13: Amounts paid in income years after hire purchase agreement ends
or “Handling payments made after a hire purchase agreement has ended”
You could also call this:

“Calculating income from IFRS leases”

When you have income from an IFRS lease, as described in section EJ 10B, this rule applies to you. Your income from the IFRS lease is calculated and assigned according to section EJ 10B. This means the amount of money you earn from the lease and when you earn it are determined by the rules in that section.

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or “How dividends are treated as income and when they're counted for tax purposes”
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Part C Income
Income from holding property (excluding equity)

CC 14NZ IFRS 16 leases

  1. This section applies when a person has, under section EJ 10B (IFRS leases), an amount of income for their IFRS lease.

  2. The person has income quantified and allocated under section EJ 10B.

Notes
  • Section CC 14: inserted (with effect on 1 January 2019), on , by section 14(1) (and see section 14(2) for application) of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).