Income Tax Act 2007

Deductions - Interest incurred in relation to certain land

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

You could also call this:

"A simpler way to calculate interest that's no longer used for income tax deductions."

When you look at the law about income tax, there is a part called Limited denial of deductibility. This part has a simplified way to calculate interest, but it is no longer used. It was stopped from being used on 1 April 2025 by the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.

You can find more information about this change in section 48 of the Taxation Act. This change happened because of a new law that was passed. The new law is called the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS675473.


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"Removal of exception for foreign currency loan deductions"


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Part DDeductions
Interest incurred in relation to certain land

DH 10Limited denial of deductibility: simplified calculation of interest affected (Repealed)

    Notes
    • Section DH 10: repealed, on , by section 48 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).