This subpart applies to you if you are a company and you meet certain conditions. You must be a close company and not an exempt Māori company. Alternatively, you must be a residential land company, not a close company, and not part of a wholly-owned group, or you must be a residential land company that is part of a wholly-owned group.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS675441.

This page was last updated on 29 January 2026 — View changes

Topics:

Money and consumer rights > TaxesBusiness > Industry rules

DH 2: When this subpart applies, or

"This law applies if you got interest from 1 October 2021 onwards."

DH 4: When this subpart does not apply: exemptions for new builds, development, social or emergency or transitional housing, and council housing, or

"When you don't have to follow the rules for interest on land used for new builds, social housing, or council housing"

Part DDeductions
Interest incurred in relation to certain land

DH 3When this subpart applies: companies

This subpart applies to a company, if—
the company is a close company, and it is not an exempt Māori company:
the company is not a close company, and—
1. it is a residential land company; and
2. it is not a member of a wholly-owned group:
the company is not a close company, and it is a residential land wholly-owned group member.

Notes

Section DH 3: inserted (with effect on 27 March 2021), on 30 March 2022, by section 75 of the Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Act 2022 (2022 No 10).