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Income Tax Act 2007

Income - Exempt income

CW 62C: Income from foreign-currency loans used for disallowed residential property

You could also call this:

“Rules about income from overseas loans used to buy homes”

If you have a loan in a foreign currency that you used to buy a residential property, there are rules about the income from that loan. You need to know that the rules are in a part of the law called section CW 62C of the Income Tax Act 2007. This section was repealed on 1 April 2025 by section 25 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024, which means it is no longer part of the 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=LMS676426.

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Part C Income
Exempt income

CW 62CIncome from foreign-currency loans used for disallowed residential property (Repealed)

    Notes
    • Section CW 62C: repealed, on , by section 25 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).