Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Deductions - Interest incurred in relation to certain land

DH 9: Exception to limited denial of deductions: loans denominated in foreign currencies

You could also call this:

“Removal of exception for foreign currency loan deductions”

This section of the law has been removed. It used to be about an exception to rules limiting deductions for loans in foreign currencies. The section was taken out of the law on 31 March 2023, but the change applies from 27 March 2021. This means the exception no longer exists in the current law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS675470.

Topics:
Money and consumer rights > Taxes
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DH 8: Deduction not allowed, or

“You can't claim tax deductions for interest on certain residential property loans”

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DH 10: Limited denial of deductibility: simplified calculation of interest affected, or

“Calculating how much interest you can't deduct for residential property loans”

Part D Deductions
Interest incurred in relation to certain land

DH 9Exception to limited denial of deductions: loans denominated in foreign currencies (Repealed)

    Notes
    • Section DH 9: repealed (with effect on 27 March 2021), on , by section 45 of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).