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Income Tax Act 2007

Avoidance and non-market transactions - Avoidance: specific - Arrangements involving residential land

GB 53C: On-lending at lower rate

You could also call this:

“Old law about lending money at a lower rate is no longer in use.”

A law called section GB 53C of the Income Tax Act 2007 was repealed. This means it is no longer a law. You can find out more about the law that repealed it, the Taxation Act, on the New Zealand legislation website. The repeal happened on 1 April 2025.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS684941.

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GB 53B: Interposed residential property percentage: increases or decreases in value, or

"A law about how property value changes affect tax has been cancelled."

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GB 54: Arrangements involving establishments, or

"How non-resident companies selling to New Zealand may be taxed"

Part G Avoidance and non-market transactions
Avoidance: specific: Arrangements involving residential land

GB 53COn-lending at lower rate (Repealed)

    Notes
    • Section GB 53C: repealed, on , by section 81 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).