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Income Tax Act 2007

Summary of changes

These summaries explain recent changes to the law. They are generated by AI comparing versions of the legislation, so they might oversimplify, miss details, or get things wrong. Learn more about how we track these changes.

13 December 2024

  • Revised comparative tables of old and rewritten provisions in Schedule 52

Affected provisions

  1. 52: Comparative tables of old and rewritten provisions
    Revised comparative tables of old and rewritten provisions in Schedule 52

20 May 2025

  • Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  • Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  • Changes to tax losses, including carrying forward and amalgamation rules
  • Amendments to provisions related to research and development, including expenditure and tax credits
  • Updates to depreciation rates, including straight-line equivalents and banded rates
  • Changes to tax rates, including updates to basic tax rates and attributed fringe benefits
  • Amendments to provisions related to portfolio investment entities, including income types and exemptions
  • Updates to provisions related to look-through companies and holders of interests
  • Changes to provisions related to debt funding special purpose vehicles, including transparency and elections
  • Amendments to provisions related to residential land, including bright-line tests and exemptions
  • Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  • Updates to provisions related to family scheme income, including tax credits and abatements
  • Amendments to provisions related to tax administration, including obligations and powers

Affected provisions

  1. LMS674939
    Amendments to provisions related to tax administration, including obligations and powers
  2. 1: Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe benefits
    Changes to tax rates, including updates to basic tax rates and attributed fringe benefits
  3. 6: Prescribed rates: PIE investments and retirement scheme contributions
    Amendments to provisions related to portfolio investment entities, including income types and exemptions
  4. 10: Straight-line equivalents of diminishing value rates of depreciation
    Updates to depreciation rates, including straight-line equivalents and banded rates
  5. 11: New banded rates of depreciation
    Updates to depreciation rates, including straight-line equivalents and banded rates
  6. 12: Old banded rates of depreciation
    Updates to depreciation rates, including straight-line equivalents and banded rates
  7. 13: Depreciable land improvements
    Updates to depreciation rates, including straight-line equivalents and banded rates
  8. 14: Depreciable intangible property
    Updates to depreciation rates, including straight-line equivalents and banded rates
  9. 15: Excepted residential land
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  10. 21: Expenditure and activities related to research and development
    Amendments to provisions related to research and development, including expenditure and tax credits
  11. 23: Meaning of permanent establishment
    Amendments to provisions related to tax administration, including obligations and powers
  12. 29: Portfolio investment entities: listed investors
    Amendments to provisions related to portfolio investment entities, including income types and exemptions
  13. 35: Public purpose Crown-controlled companies
    Amendments to provisions related to tax administration, including obligations and powers
  14. 38: Acts exempting income from tax: income included in family scheme income
    Amendments to provisions related to tax administration, including obligations and powers
  15. 39: Items for purposes of definition of special excluded depreciable property
    Amendments to provisions related to tax administration, including obligations and powers
  16. BH 1: Double tax agreements
    Amendments to provisions related to tax administration, including obligations and powers
  17. CB 15E: Disposals of land subject to section CW 3C
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  18. CB 6A: Disposal within 2 years: bright-line test for residential land
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  19. CC 1B: Consideration relating to grant, renewal, extension, or transfer of leasehold estate or licence
    Amendments to provisions related to tax administration, including obligations and powers
  20. CD 44: Available capital distribution amount
    Amendments to provisions related to tax administration, including obligations and powers
  21. CE 1: Amounts derived in connection with employment
    Amendments to provisions related to tax administration, including obligations and powers
  22. CE 5: Meaning of expenditure on account of an employee
    Amendments to provisions related to tax administration, including obligations and powers
  23. CE 9: Restrictive covenants
    Amendments to provisions related to tax administration, including obligations and powers
  24. CQ 5: When FIF income arises
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  25. CV 1: Group companies
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  26. CV 2: Consolidated groups: income of company in group
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  27. CW 17: Expenditure on account, and reimbursement, of employees
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  28. CW 26C: Meaning of exempt ESS
    Amendments to provisions related to tax administration, including obligations and powers
  29. CW 3C: Certain partitions or subdivisions of land
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  30. CW 52B: Disability support services
    Amendments to provisions related to tax administration, including obligations and powers
  31. CW 57: Non-resident company involved in exploration and development activities
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  32. CW 62C: Income from foreign-currency loans used for disallowed residential property
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  33. CX 19: Benefits provided instead of allowances
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  34. CX 1B: Treatment of flat-rate credits under platform economy rules
    Amendments to provisions related to tax administration, including obligations and powers
  35. CZ 25D: Improvements to farmland and horticultural plants affected by North Island flooding events and replaced—insurance or compensation
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  36. CZ 29B: Accommodation expenditure: North Island flooding events
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  37. CZ 37: Income equalisation schemes
    Amendments to provisions related to tax administration, including obligations and powers
  38. DB 2: Goods and services tax
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  39. DB 7: Interest: most companies need no nexus with income
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  40. DB 8: Interest: money borrowed to acquire shares in group companies
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  41. DG 10: Interest expenditure rules
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  42. DG 14: Interest expenditure: non-corporate shareholders
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  43. DG 2: Application of this subpart
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  44. DG 5: Meaning and treatment of interest expenditure for this subpart
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  45. DH 1: Interest related to certain land
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  46. DH 10: Limited denial of deductibility: simplified calculation of interest affected
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  47. DH 11: Denied amounts: treatment upon disposal of disallowed residential property
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  48. DH 12: Valuation
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  49. DH 2: When this subpart applies
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  50. DH 3: When this subpart applies: companies
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  51. DH 4: When this subpart does not apply: exemptions for new builds, development, social or emergency or transitional housing, and council housing
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  52. DH 5: Key terms
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  53. DH 6: Interposed residential property percentage
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  54. DH 7: Grandparented residential interest
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  55. DH 8: Deduction not allowed
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  56. DP 1: Expenditure of forestry business
    Updates to definitions, exemptions, and calculations for various income types, including FIF income and foreign-sourced amounts
  57. EA 3: Prepayments
    Amendments to provisions related to tax administration, including obligations and powers
  58. EC 1: Application of this subpart
    Amendments to provisions related to tax administration, including obligations and powers
  59. ED 1: Valuation of excepted financial arrangements
    Amendments to provisions related to tax administration, including obligations and powers
  60. EI 8: Disposal of land to the Crown
    Amendments to provisions related to tax administration, including obligations and powers
  61. EX 46: Limits on choice of calculation methods
    Amendments to provisions related to tax administration, including obligations and powers
  62. EX 48: Default calculation method
    Amendments to provisions related to tax administration, including obligations and powers
  63. EX 63: Consequences of changes in method
    Amendments to provisions related to tax administration, including obligations and powers
  64. EX 72: Commissioner’s default assessment power
    Amendments to provisions related to tax administration, including obligations and powers
  65. EZ 80: Refund of excess deposit in main income equalisation account as consequence of election under section EZ 4B or FP 23
    Amendments to provisions related to research and development, including expenditure and tax credits
  66. EZ 81: Refund of excess deposit in adverse event income equalisation account as consequence of election under section EZ 4B or FP 23
    Amendments to provisions related to research and development, including expenditure and tax credits
  67. FB 3A: Residential land
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  68. FC 9: Residential land transferred to executor, administrator, or beneficiary on death of person
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  69. FD 1: Relief from bright-line test for transfers between associated persons
    Amendments to provisions related to tax administration, including obligations and powers
  70. FD 2: Relief from bright-line test for Māori rollover trusts
    Amendments to provisions related to tax administration, including obligations and powers
  71. FD 3: Certain transfers of residential land included in settlement of claim under Treaty of Waitangi
    Amendments to provisions related to tax administration, including obligations and powers
  72. FE 16B: Total group non-debt liabilities
    Amendments to provisions related to research and development, including expenditure and tax credits
  73. FE 6: Apportionment of interest by excess debt entity
    Amendments to provisions related to tax administration, including obligations and powers
  74. FH 15: Definitions
    Amendments to provisions related to research and development, including expenditure and tax credits
  75. GB 27: Attribution rule for income from personal services
    Amendments to provisions related to tax administration, including obligations and powers
  76. GB 53B: Interposed residential property percentage: increases or decreases in value
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  77. GB 53C: On-lending at lower rate
    Repeals of various provisions, including those related to disallowed residential property and interest expenditure
  78. GC 11: Applications for matching treatment
    Amendments to provisions related to tax administration, including obligations and powers
  79. GC 12: Effect on person's withholding obligations
    Amendments to provisions related to tax administration, including obligations and powers
  80. GC 13: Calculation of arm’s length amounts
    Amendments to provisions related to tax administration, including obligations and powers
  81. GC 5: Leases for inadequate rent
    Amendments to provisions related to tax administration, including obligations and powers
  82. HC 14: Distributions from trusts
    Amendments to provisions related to tax administration, including obligations and powers
  83. HC 26: Foreign-sourced amounts: resident trustees
    Amendments to provisions related to tax administration, including obligations and powers
  84. HC 33: Choosing to satisfy income tax liability of trustee
    Amendments to provisions related to tax administration, including obligations and powers
  85. HC 35: Beneficiary income of minors
    Amendments to provisions related to tax administration, including obligations and powers
  86. HC 38: Beneficiary income of certain close companies
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  87. HC 8B: Income in income year of person’s death and following 3 income years
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  88. HG 10: Disposal of livestock
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  89. HG 3: General provisions relating to disposals
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  90. HG 4: Disposal upon final dissolution
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  91. HG 5: Disposal of partner’s interests
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  92. HG 6: Disposal of trading stock
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  93. HG 7: Disposal of depreciable property
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  94. HG 8: Disposal of financial arrangements and certain excepted financial arrangements
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  95. HG 9: Disposal of short-term agreements for sale and purchase
    Amendments to provisions related to partnerships, including disposals, interests, and small partnerships
  96. HM 12: Income types
    Amendments to provisions related to portfolio investment entities, including income types and exemptions
  97. HM 7: Requirements
    Amendments to provisions related to portfolio investment entities, including income types and exemptions
  98. HM 71: Choosing to become PIE
    Amendments to provisions related to portfolio investment entities, including income types and exemptions
  99. HR 10: What happens when vehicle stops being transparent debt funding special purpose vehicle?
    Changes to provisions related to debt funding special purpose vehicles, including transparency and elections
  100. HR 7: Meaning of airport operator’s activities
    Amendments to provisions related to tax administration, including obligations and powers
  101. HR 9: Debt funding special purpose vehicles are transparent if election made by originator
    Changes to provisions related to debt funding special purpose vehicles, including transparency and elections
  102. HR 9BA: Elections to treat debt funding special purpose vehicles as transparent
    Changes to provisions related to debt funding special purpose vehicles, including transparency and elections
  103. HZ 10: What happens when election is made under section HZ 9?
    Changes to provisions related to debt funding special purpose vehicles, including transparency and elections; Changes to provisions related to debt funding special purpose vehicles, including transparency and elections
  104. HZ 9: Elections to treat existing debt funding special purpose vehicles as transparent
    Changes to provisions related to debt funding special purpose vehicles, including transparency and elections
  105. IA 7: Restrictions relating to ring-fenced tax losses
    Amendments to provisions related to tax administration, including obligations and powers
  106. IE 4: Group companies’ treatment of tax losses on amalgamation
    Changes to tax losses, including carrying forward and amalgamation rules
  107. IE 5: Applying the continuity provisions when companies amalgamate
    Changes to tax losses, including carrying forward and amalgamation rules
  108. IQ 6: Pre-consolidation losses: general treatment
    Changes to tax losses, including carrying forward and amalgamation rules
  109. LE 4B: Trustees for certain close companies
    Amendments to provisions related to residential land, including bright-line tests and exemptions
  110. LJ 5: Calculation of New Zealand tax
    Changes to tax losses, including carrying forward and amalgamation rules
  111. LY 10: Evaluation
    Amendments to provisions related to tax administration, including obligations and powers
  112. LY 9: Orders in Council
    Amendments to provisions related to tax administration, including obligations and powers
  113. MH 2: Some definitions
    Updates to provisions related to family scheme income, including tax credits and abatements
  114. MH 3: FamilyBoost tax credit
    Updates to provisions related to family scheme income, including tax credits and abatements
  115. MH 4: Meaning of tax credit income
    Updates to provisions related to family scheme income, including tax credits and abatements
  116. MH 5: FamilyBoost tax credit abatement
    Updates to provisions related to family scheme income, including tax credits and abatements
  117. OB 35: ICA transfer within tax pooling account
    Amendments to provisions related to tax administration, including obligations and powers
  118. OB 37: ICA refund of tax credit
    Amendments to provisions related to tax administration, including obligations and powers
  119. OB 6: ICA transfer from tax pooling account
    Amendments to provisions related to tax administration, including obligations and powers
  120. OP 33: Consolidated ICA transfer within tax pooling account
    Amendments to provisions related to tax administration, including obligations and powers
  121. OP 9: Consolidated ICA transfer from tax pooling account
    Amendments to provisions related to tax administration, including obligations and powers
  122. RD 20B: Treatment of certain support payments made for period of more than 1 year
    Amendments to provisions related to tax administration, including obligations and powers
  123. RE 30: When unincorporated bodies have RWT-exempt status
    Amendments to provisions related to tax administration, including obligations and powers
  124. RF 12: Interest paid by approved issuers or transitional residents
    Amendments to provisions related to tax administration, including obligations and powers
  125. RF 15: Commissioner’s power to vary amounts of tax
    Amendments to provisions related to tax administration, including obligations and powers
  126. RF 3: Obligation to withhold amounts of tax for non-resident passive income
    Amendments to provisions related to tax administration, including obligations and powers
  127. RF 6: When amounts of tax not withheld or partly withheld
    Amendments to provisions related to tax administration, including obligations and powers
  128. YB 1: What this subpart does
    Updates to provisions related to look-through companies and holders of interests
  129. YB 12: Partnership and partner
    Updates to provisions related to look-through companies and holders of interests
  130. YB 13: Look-through companies and holders of interests
    Updates to provisions related to look-through companies and holders of interests
  131. YB 14: Tripartite relationship
    Updates to provisions related to look-through companies and holders of interests
  132. YB 2: Two companies
    Updates to provisions related to look-through companies and holders of interests
  133. YB 3: Company and person other than company
    Updates to provisions related to look-through companies and holders of interests
  134. YZ 5: New Zealand Memorial Museum Trust — Le Quesnoy: sunset
    Amendments to provisions related to tax administration, including obligations and powers

24 May 2025

  • Repeal of various provisions related to research and development activities
  • Repeal of provisions related to controlled foreign companies and foreign investment
  • Repeal of provisions related to tax credits and refunds
  • Repeal of provisions related to portfolio investment entities and tax rate entities
  • Repeal of provisions related to life insurance and policyholder credits
  • Repeal of provisions related to foreign tax credits and conduit tax relief
  • Repeal of provisions related to schedular payments and complying funds
  • Repeal of provisions related to commercial buildings and depreciation
  • Repeal of provisions related to Māori family trusts and residential land
  • Repeal of provisions related to attributed CFC losses and BETA reductions
  • Repeal of provisions related to employee opt-out and tax credits
  • Repeal of provision related to previously transferred amounts on fully-taxed disposals
  • Update of provision to reflect repeal status

Affected provisions

  1. DLM1518955
    Repeal of provisions related to life insurance and policyholder credits
  2. CB 6AC: Residential land transferred in relation to certain Māori family trusts
    Repeal of provisions related to Māori family trusts and residential land
  3. CD 21: Attributed repatriations from controlled foreign companies
    Repeal of provisions related to controlled foreign companies and foreign investment
  4. CD 46: New Zealand repatriation amount
    Repeal of provisions related to controlled foreign companies and foreign investment
  5. CD 48: Cost of tangible property
    Repeal of provisions related to controlled foreign companies and foreign investment
  6. CD 49: Cost of associated party equity
    Repeal of provisions related to controlled foreign companies and foreign investment
  7. CD 50: Outstanding balances of financial arrangements
    Repeal of provisions related to controlled foreign companies and foreign investment
  8. CD 51: Property transfers between associated persons
    Repeal of provisions related to controlled foreign companies and foreign investment
  9. CD 52: Unrepatriated income balance
    Repeal of provisions related to controlled foreign companies and foreign investment
  10. DA 5: Treatment of expenditure for commercial fit-out
    Repeal of provisions related to commercial buildings and depreciation
  11. DB 65: Allowance for certain commercial buildings
    Repeal of provisions related to commercial buildings and depreciation
  12. DZ 19: Attributed CFC loss carried back under section EZ 32C
    Repeal of provisions related to commercial buildings and depreciation; Repeal of provisions related to attributed CFC losses and BETA reductions
  13. EJ 14: Spreading deduction backwards
    Update of provision to reflect repeal status
  14. EL 8: Treatment of previously transferred amounts on fully-taxed disposals
    Repeal of provision related to previously transferred amounts on fully-taxed disposals
  15. EY 39: Discontinuance profit formula (existing policies): when partial reinsurance exists
    Repeal of provisions related to controlled foreign companies and foreign investment
  16. EY 40: Discontinuance profit formula (new policies): when partial reinsurance exists
    Repeal of provisions related to controlled foreign companies and foreign investment
  17. EY 41: Discontinuance profit formulas: individual result may never be negative
    Repeal of provisions related to controlled foreign companies and foreign investment
  18. EZ 23E: Item treated as available for use if access restricted due to Canterbury earthquake
    Repeal of provisions related to attributed CFC losses and BETA reductions
  19. EZ 32: Terminating exemption for grey list FIF investing in Australasian listed equities
    Repeal of provisions related to controlled foreign companies and foreign investment
  20. FF 1: What this subpart does
    Repeal of provisions related to foreign tax credits and conduit tax relief
  21. FF 11: Changes in foreign group membership
    Repeal of provisions related to foreign tax credits and conduit tax relief
  22. FF 3: Steps required to determine treatment of excessive interest expenditure
    Repeal of provisions related to foreign tax credits and conduit tax relief; Update of provision to reflect repeal status
  23. FF 6: Conduit tax relief
    Repeal of provisions related to foreign tax credits and conduit tax relief; Update of provision to reflect repeal status
  24. FF 7: Surplus to foreign dividends
    Repeal of provisions related to foreign tax credits and conduit tax relief
  25. FF 8: Identifying members of foreign groups
    Repeal of provisions related to foreign tax credits and conduit tax relief
  26. FM 25: Reduction in payments for foreign dividends
    Repeal of provisions related to foreign tax credits and conduit tax relief
  27. GB 8: Arrangements involving attributed repatriation from CFCs
    Repeal of provisions related to foreign tax credits and conduit tax relief
  28. HL 1: Intended effect on portfolio tax rate entities and investors
    Repeal of provisions related to portfolio investment entities and tax rate entities
  29. HL 13: Becoming portfolio investment entity
    Repeal of provisions related to portfolio investment entities and tax rate entities
  30. HL 18: Certain new investors treated as part of existing portfolio investor class
    Repeal of provisions related to portfolio investment entities and tax rate entities
  31. HL 19B: Treatment of certain provisions made by portfolio tax rate entity
    Repeal of provisions related to portfolio investment entities and tax rate entities
  32. HL 23: Payments of tax by portfolio tax rate entity choosing to pay provisional tax
    Repeal of provisions related to portfolio investment entities and tax rate entities
  33. HL 25: Optional payments of tax by portfolio tax rate entities
    Repeal of provisions related to portfolio investment entities and tax rate entities
  34. HL 3: Eligibility requirements for entities
    Repeal of provisions related to portfolio investment entities and tax rate entities
  35. HL 30: Portfolio entity formation loss
    Repeal of provisions related to portfolio investment entities and tax rate entities
  36. HL 33: Portfolio investor proxies
    Repeal of provisions related to portfolio investment entities and tax rate entities
  37. HL 5: Foreign investment vehicles
    Repeal of provisions related to portfolio investment entities and tax rate entities
  38. HL 5C: Income interest requirement
    Repeal of provisions related to portfolio investment entities and tax rate entities
  39. HL 6: Investor membership requirement
    Repeal of provisions related to portfolio investment entities and tax rate entities
  40. HL 9: Investor interest size requirement
    Repeal of provisions related to portfolio investment entities and tax rate entities
  41. IS 3: Holding companies’ tax losses
    Repeal of provisions related to portfolio investment entities and tax rate entities
  42. IS 5: Petroleum miners’ tax losses
    Repeal of provisions related to portfolio investment entities and tax rate entities
  43. IV 1: Supplementary dividend holding companies
    Repeal of provisions related to portfolio investment entities and tax rate entities
  44. IZ 1: Use of specified activity net losses
    Repeal of provisions related to portfolio investment entities and tax rate entities
  45. LF 1: Tax credits for FDP credits
    Repeal of provisions related to tax credits and refunds
  46. LF 10: Evidential requirements
    Repeal of provisions related to tax credits and refunds
  47. LF 2: Trustees for minor beneficiaries
    Repeal of provisions related to tax credits and refunds
  48. LF 4: Partners in partnerships
    Repeal of provisions related to tax credits and refunds
  49. LF 5: Credit transfer notices
    Repeal of provisions related to tax credits and refunds
  50. LF 8: Credits for persons who are non-resident or who receive exempt income
    Repeal of provisions related to tax credits and refunds
  51. LF 9: When income tax unpaid
    Repeal of provisions related to tax credits and refunds
  52. LH 1: Who this subpart applies to
    Update of provision to reflect repeal status
  53. LH 3: Requirements
    Repeal of various provisions related to research and development activities
  54. LH 4: Calculation of amount of credit
    Repeal of various provisions related to research and development activities
  55. LH 5: Adjustments to eligible expenditure
    Repeal of various provisions related to research and development activities
  56. LH 6: Research and development activities outside New Zealand
    Repeal of various provisions related to research and development activities
  57. LH 7: Research and development activities and related terms
    Repeal of various provisions related to research and development activities
  58. LH 8: Orders in Council
    Update of provision to reflect repeal status
  59. LL 1: What this subpart does
    Update of provision to reflect repeal status
  60. LL 2: Tax credits for underlying foreign tax
    Repeal of provisions related to tax credits and refunds
  61. LL 3: Meaning of grey list dividend
    Repeal of provisions related to tax credits and refunds
  62. LL 4: Tracking accounts
    Repeal of provisions related to tax credits and refunds
  63. LL 7: Conduit financing arrangements
    Repeal of provisions related to tax credits and refunds
  64. LP 10: Limitation on deductions
    Repeal of provisions related to tax credits and refunds
  65. LP 7: Requirements for supplementary dividend holding companies
    Repeal of provisions related to tax credits and refunds
  66. LP 8: Relationship with exempt income rules
    Repeal of provisions related to tax credits and refunds
  67. LQ 2: Limitation on amount of credit
    Repeal of provisions related to tax credits and refunds
  68. LQ 3: Determining percentage of non-resident shareholders
    Repeal of provisions related to tax credits and refunds; Update of provision to reflect repeal status
  69. LQ 5: CTR additional dividends
    Repeal of provisions related to tax credits and refunds
  70. LR 1: Tax credits for policyholder income
    Repeal of provisions related to tax credits and refunds
  71. LZ 1: Low tax jurisdiction companies
    Repeal of provisions related to tax credits and refunds
  72. LZ 10: Maximum amount for 1 special home ownership account for 1 tax year
    Repeal of provisions related to tax credits and refunds
  73. LZ 11: Maximum amount for all special home ownership accounts for all tax years
    Repeal of provisions related to tax credits and refunds
  74. LZ 12: Meaning of increase in savings
    Repeal of provisions related to tax credits and refunds
  75. LZ 2: Certain development projects
    Repeal of provisions related to tax credits and refunds
  76. LZ 4: Dividends derived from development investments
    Repeal of provisions related to tax credits and refunds
  77. LZ 5: Some definitions
    Repeal of provisions related to tax credits and refunds
  78. LZ 9: Savings in special home ownership accounts
    Repeal of provisions related to tax credits and refunds
  79. MK 10: Amount of credit
    Repeal of provisions related to employee opt-out and tax credits
  80. MK 11: When tax credits arise
    Repeal of provisions related to employee opt-out and tax credits
  81. MK 12: Using tax credits
    Repeal of provisions related to employee opt-out and tax credits; Update of provision to reflect repeal status
  82. MK 14: Employees opting out
    Repeal of provisions related to employee opt-out and tax credits
  83. MK 9: Eligibility requirements
    Repeal of provisions related to employee opt-out and tax credits
  84. OB 7C: ICA expenditure on research and development
    Repeal of various provisions related to research and development activities
  85. OC 31: Payment of further income tax when company no longer New Zealand resident
    Repeal of provisions related to life insurance and policyholder credits
  86. OC 36: Meaning of maximum deficit debit
    Repeal of provisions related to life insurance and policyholder credits
  87. OC 37: Meaning of policyholder FDP ratio
    Repeal of provisions related to life insurance and policyholder credits
  88. OD 2: CTR accounts
    Repeal of provisions related to life insurance and policyholder credits
  89. OE 16B: Company with credit balance at beginning of first affected income year
    Repeal of provisions related to life insurance and policyholder credits
  90. OE 2: Branch equivalent tax accounts of companies
    Repeal of provisions related to life insurance and policyholder credits
  91. OJ 11: PCA company’s transfer of life insurance business
    Repeal of provisions related to life insurance and policyholder credits
  92. OJ 14: PCA person’s equivalent credit
    Repeal of provisions related to life insurance and policyholder credits; Update of provision to reflect repeal status
  93. OJ 17: PCA person’s equivalent debit
    Repeal of provisions related to life insurance and policyholder credits; Update of provision to reflect repeal status; Update of provision to reflect repeal status
  94. OJ 2: Policyholder credit accounts of companies
    Repeal of provisions related to life insurance and policyholder credits
  95. OK 4: MACA payment of further income tax
    Update of provision to reflect repeal status
  96. OK 4B: MACA expenditure on research and development
    Repeal of various provisions related to research and development activities
  97. OK 7: MACA dividend derived with FDP credit
    Repeal of provisions related to life insurance and policyholder credits
  98. OP 108B: Consolidated BETA group with credit balance at beginning of first affected income year
    Repeal of provisions related to life insurance and policyholder credits
  99. OP 109: Policyholder credit accounts of consolidated groups
    Repeal of provisions related to life insurance and policyholder credits
  100. OP 114: Consolidated PCA reduced deficit debit in FDP account
    Repeal of provisions related to life insurance and policyholder credits
  101. OP 20: Consolidated ICA transfer from group company’s policyholder credit account
    Repeal of provisions related to life insurance and policyholder credits
  102. OP 38: Consolidated ICA transfer for net foreign attributed income
    Repeal of provisions related to life insurance and policyholder credits
  103. OP 55: Provisions applying to consolidated FDP groups
    Repeal of provisions related to life insurance and policyholder credits
  104. OP 74: Consolidated FDPA debit for policyholder base FDP credits
    Repeal of provisions related to life insurance and policyholder credits
  105. OP 78: CTR accounts of consolidated groups
    Repeal of provisions related to life insurance and policyholder credits
  106. OP 81: Consolidated CTRA tax credit for conduit tax relief
    Repeal of provisions related to life insurance and policyholder credits
  107. OP 87: Consolidated CTRA payment of dividend
    Repeal of provisions related to life insurance and policyholder credits
  108. OP 93: Consolidated CTRA tax advantage arrangement
    Repeal of provisions related to life insurance and policyholder credits; Update of provision to reflect repeal status
  109. OP 95: FDP payable for credits and debits in group’s CTR account
    Repeal of provisions related to life insurance and policyholder credits
  110. OZ 16: BETA reductions
    Repeal of provisions related to attributed CFC losses and BETA reductions
  111. OZ 17: CTRA reductions
    Repeal of provisions related to attributed CFC losses and BETA reductions
  112. OZ 18: Credit-back of PCA balance
    Repeal of provisions related to attributed CFC losses and BETA reductions
  113. RD 18: Schedular payments without notification
    Repeal of provisions related to schedular payments and complying funds
  114. RD 66: Complying fund rules
    Repeal of provisions related to schedular payments and complying funds
  115. RG 2: Foreign dividends
    Repeal of provisions related to foreign tax credits and conduit tax relief
  116. RG 4: Calculating amount of FDP
    Repeal of provisions related to foreign tax credits and conduit tax relief
  117. RM 18: Limits on refunds related to foreign dividends
    Repeal of provisions related to foreign tax credits and conduit tax relief
  118. RM 28: Limits on refunds for PCA persons
    Repeal of provisions related to foreign tax credits and conduit tax relief
  119. RM 29: Limits on refunds when person no longer PCA person
    Repeal of provisions related to foreign tax credits and conduit tax relief
  120. RM 30: Changes in credit balances
    Repeal of provisions related to foreign tax credits and conduit tax relief
  121. RP 5: Subsidy claims
    Repeal of provisions related to foreign tax credits and conduit tax relief
  122. RZ 7: Withdrawal income
    Repeal of provisions related to foreign tax credits and conduit tax relief
  123. RZ 8: Payment and rate of withdrawal tax
    Repeal of provisions related to foreign tax credits and conduit tax relief

18 July 2025

  • Multiple provisions were updated

Affected provisions

  1. 52: Comparative tables of old and rewritten provisions
    Multiple provisions were updated
  2. CB 27B: Entering partners’ livestock income
    Multiple provisions were updated
  3. CB 6AC: Residential land transferred in relation to certain Māori family trusts
    Multiple provisions were updated
  4. CD 21: Attributed repatriations from controlled foreign companies
    Multiple provisions were updated
  5. CD 45: When does a person have attributed repatriation from a controlled foreign company?
    Multiple provisions were updated
  6. CD 46: New Zealand repatriation amount
    Multiple provisions were updated
  7. CD 48: Cost of tangible property
    Multiple provisions were updated
  8. CD 49: Cost of associated party equity
    Multiple provisions were updated
  9. CD 50: Outstanding balances of financial arrangements
    Multiple provisions were updated
  10. CD 51: Property transfers between associated persons
    Multiple provisions were updated
  11. CD 52: Unrepatriated income balance
    Multiple provisions were updated
  12. CE 3: Restrictions on disposal of shares under share purchase agreements
    Multiple provisions were updated
  13. CE 4: Adjustments to value of benefits under share purchase agreements
    Multiple provisions were updated
  14. CG 2B: Remitted amounts on discharge from bankruptcy
    Multiple provisions were updated
  15. CQ 7: Treatment of attributing interests subject to returning share transfer
    Multiple provisions were updated
  16. CS 11: Transfer by superannuation fund to another superannuation fund
    Multiple provisions were updated
  17. CS 12: Transfer from superannuation scheme to superannuation fund
    Multiple provisions were updated
  18. CS 14: Superannuation fund becomes superannuation scheme
    Multiple provisions were updated
  19. CS 15: Superannuation fund becomes foreign superannuation scheme
    Multiple provisions were updated
  20. CS 16: Superannuation scheme becomes superannuation fund
    Multiple provisions were updated
  21. CS 17: Superannuation fund wound up
    Multiple provisions were updated
  22. CS 18: Value of loan treated as fund income
    Multiple provisions were updated
  23. CS 3: Exclusion of withdrawal on grounds of hardship
    Multiple provisions were updated
  24. CS 4: Exclusion of withdrawal to settle division of relationship property
    Multiple provisions were updated
  25. CS 5: Exclusion of withdrawal paid as annuity or pension
    Multiple provisions were updated
  26. CS 6: Exclusion of withdrawal on partial retirement
    Multiple provisions were updated
  27. CS 7: Exclusion of withdrawal when member ends employment
    Multiple provisions were updated
  28. CS 8: Exclusion of withdrawal when member ends employment: lock-in rule
    Multiple provisions were updated
  29. CU 10: Mining asset used to derive income other than income from mining
    Multiple provisions were updated
  30. CU 11: Meaning of asset for sections CU 3 to CU 10
    Multiple provisions were updated
  31. CU 12: Application of sections to resident mining operators
    Multiple provisions were updated
  32. CU 13: Application of sections to non-resident mining operators
    Multiple provisions were updated
  33. CU 14: Recovery of reinvestment profit on disposal of mining shares
    Multiple provisions were updated
  34. CU 15: Recovery of reinvestment profit not used for mining purposes
    Multiple provisions were updated
  35. CU 16: Recovery of reinvestment profit on repayment of loans
    Multiple provisions were updated
  36. CU 17: Repayment by mining company of amount written off
    Multiple provisions were updated
  37. CU 20: Mining company or mining holding company liquidated
    Multiple provisions were updated
  38. CU 21: Meaning of income from mining
    Multiple provisions were updated
  39. CU 23: Meaning of mining development expenditure
    Multiple provisions were updated
  40. CU 24: Meaning of mining exploration expenditure
    Multiple provisions were updated
  41. CU 25: Meaning of mining operations
    Multiple provisions were updated
  42. CU 26: Meaning of mining venture
    Multiple provisions were updated
  43. CU 27: Meaning of resident mining operator
    Multiple provisions were updated
  44. CU 28: Meaning of specified mineral
    Multiple provisions were updated
  45. CU 29: Other definitions
    Multiple provisions were updated
  46. CV 10: Foreign dividend payment account companies or conduit tax relief companies
    Multiple provisions were updated
  47. CV 9: Supplementary dividend holding companies
    Multiple provisions were updated
  48. CW 11: Dividend of conduit tax relief holding company
    Multiple provisions were updated
  49. CW 37: Film production grants
    Multiple provisions were updated
  50. CW 3B: Pre-1990 forest land units: emissions trading scheme
    Multiple provisions were updated
  51. CX 39: Life insurers and fully reinsured persons
    Multiple provisions were updated
  52. CX 45: Disposal of mining shares acquired with reinvestment profit
    Multiple provisions were updated
  53. CX 46: Repayment of loans made from reinvestment profit
    Multiple provisions were updated
  54. CX 48B: Issue of post-1989 forest land units
    Multiple provisions were updated
  55. CX 48D: Tax credits for expenditure on research and development
    Multiple provisions were updated
  56. CZ 10: Transitional relief for calculation of attributed repatriation dividends: 2 July 1992
    Multiple provisions were updated
  57. CZ 2: Mining company’s 1970–71 tax year
    Multiple provisions were updated
  58. CZ 4: Mineral mining: company making loan before 1 April 1979
    Multiple provisions were updated
  59. CZ 40: Main home exclusion for bright-line: acquisition on or after 29 March 2018
    Multiple provisions were updated
  60. CZ 9B: Available capital distribution amount: 1988 to 2010
    Multiple provisions were updated
  61. DA 5: Treatment of expenditure for commercial fit-out
    Multiple provisions were updated
  62. DB 23C: Revenue account property: cost of some residential land reduced
    Multiple provisions were updated
  63. DB 65: Allowance for certain commercial buildings
    Multiple provisions were updated
  64. DC 14: Criteria for approval of share purchase schemes: when period of restriction ends
    Multiple provisions were updated
  65. DC 15: Some definitions
    Multiple provisions were updated
  66. DO 11B: Entering partners’ livestock deduction
    Multiple provisions were updated
  67. DQ 2: Adverse event income equalisation scheme
    Multiple provisions were updated
  68. DX 2: Tax credits: conduit financing arrangements
    Multiple provisions were updated
  69. DX 3: Tax credits: supplementary dividend holding companies
    Multiple provisions were updated
  70. DZ 19: Attributed CFC loss carried back under section EZ 32C
    Multiple provisions were updated
  71. EB 24: Apportionment on disposal of business assets that include trading stock
    Multiple provisions were updated
  72. EC 21: Herd livestock on death before values determined
    Multiple provisions were updated
  73. EF 6: Different tax years
    Multiple provisions were updated
  74. EG 3: Allocation of income, deductions, and tax credits by portfolio tax rate entity
    Multiple provisions were updated
  75. EH 38: Adverse event deposit
    Multiple provisions were updated
  76. EH 41: Deduction of deposit
    Multiple provisions were updated
  77. EH 43: Income does not include excess deposit
    Multiple provisions were updated
  78. EH 44: Application for refund by person, trustee of estate, Official Assignee, or liquidator
    Multiple provisions were updated
  79. EH 45: Refund on application
    Multiple provisions were updated
  80. EH 47: Refund on retirement
    Multiple provisions were updated
  81. EH 48: Income when refund given on retirement, and election to allocate amount to earlier year
    Multiple provisions were updated
  82. EH 53: Refund on bankruptcy
    Multiple provisions were updated
  83. EH 57: Amendment of assessment
    Multiple provisions were updated
  84. EH 59: Deposits from which refunds come
    Multiple provisions were updated
  85. EH 61: Meaning of adverse event maximum deposit
    Multiple provisions were updated
  86. EJ 14: Spreading deduction backwards
    Multiple provisions were updated
  87. EJ 19: Meaning of offshore development
    Multiple provisions were updated
  88. EL 8: Treatment of previously transferred amounts on fully-taxed disposals
    Multiple provisions were updated
  89. EW 56: Natural person
    Multiple provisions were updated
  90. EX 13: Income interests of partners
    Multiple provisions were updated
  91. EX 23: Tax concession grey list CFCs
    Multiple provisions were updated
  92. EX 39: Terminating exemption for grey list company with numerous New Zealand shareholders
    Multiple provisions were updated
  93. EX 42: New resident’s accrued superannuation entitlement exemption
    Multiple provisions were updated
  94. EX 49: Accounting profits method
    Multiple provisions were updated
  95. EY 32: Mortality profit formula: when partial reinsurance exists
    Multiple provisions were updated
  96. EY 34: Mortality profit formula: negative result
    Multiple provisions were updated
  97. EY 35: How discontinuance profit is calculated
    Multiple provisions were updated
  98. EY 37: Discontinuance profit formula (existing policies)
    Multiple provisions were updated
  99. EY 38: Discontinuance profit formula (new policies)
    Multiple provisions were updated
  100. EY 39: Discontinuance profit formula (existing policies): when partial reinsurance exists
    Multiple provisions were updated
  101. EY 40: Discontinuance profit formula (new policies): when partial reinsurance exists
    Multiple provisions were updated
  102. EY 41: Discontinuance profit formulas: individual result may never be negative
    Multiple provisions were updated
  103. EY 42: How policyholder income is calculated
    Multiple provisions were updated
  104. EY 43: Policyholder income formula
    Multiple provisions were updated
  105. EY 43B: Policyholder income formula: FDR adjustment
    Multiple provisions were updated
  106. EY 46: Income from disposal of property
    Multiple provisions were updated
  107. EY 47: Deductions for disposal of property
    Multiple provisions were updated
  108. EZ 23E: Item treated as available for use if access restricted due to Canterbury earthquake
    Multiple provisions were updated
  109. EZ 31: Disclosure restrictions on grey list CFCs before 2011–12
    Multiple provisions were updated
  110. EZ 32: Terminating exemption for grey list FIF investing in Australasian listed equities
    Multiple provisions were updated
  111. EZ 32C: Treatment in section EX 20C of currency effects on CFC's borrowing
    Multiple provisions were updated
  112. FF 1: What this subpart does
    Multiple provisions were updated
  113. FF 10: Calculating debt percentage of consolidated foreign groups
    Multiple provisions were updated
  114. FF 11: Changes in foreign group membership
    Multiple provisions were updated
  115. FF 3: Steps required to determine treatment of excessive interest expenditure
    Multiple provisions were updated
  116. FF 4: Threshold for application of interest apportionment rule
    Multiple provisions were updated
  117. FF 5: Determination of excess amount of interest expenditure of group
    Multiple provisions were updated
  118. FF 6: Conduit tax relief
    Multiple provisions were updated
  119. FF 7: Surplus to foreign dividends
    Multiple provisions were updated
  120. FF 8: Identifying members of foreign groups
    Multiple provisions were updated
  121. FF 9: Calculating debt percentage of New Zealand foreign groups
    Multiple provisions were updated
  122. FM 25: Reduction in payments for foreign dividends
    Multiple provisions were updated
  123. FM 26: Using tax losses to pay FDP
    Multiple provisions were updated
  124. FM 28: Refund when consolidated group has loss
    Multiple provisions were updated
  125. FM 29: Treatment of credit balance in consolidated group’s FDP account
    Multiple provisions were updated
  126. GB 40: BETA arrangements for carrying amounts forward
    Multiple provisions were updated
  127. GB 41: FDPA arrangements for carrying amounts forward
    Multiple provisions were updated
  128. GB 8: Arrangements involving attributed repatriation from CFCs
    Multiple provisions were updated
  129. GZ 2: Arrangements involving cancellation of conduit tax relief credits
    Multiple provisions were updated
  130. GZ 3: Donations of trading stock for relief of Canterbury earthquakes
    Multiple provisions were updated
  131. GZ 4: Disposals of trading stock to donee organisations or public authorities
    Multiple provisions were updated
  132. GZ 5: Disposals of trading stock to non-associates
    Multiple provisions were updated
  133. HA 10: Nature of LAQC shares
    Multiple provisions were updated
  134. HA 12: Avoidance arrangements
    Multiple provisions were updated
  135. HA 20: Attribution of tax losses
    Multiple provisions were updated
  136. HA 24: Treatment of tax losses other than certain foreign losses
    Multiple provisions were updated
  137. HA 25: Treatment of certain foreign losses
    Multiple provisions were updated
  138. HA 26: Attribution when balance dates differ
    Multiple provisions were updated
  139. HA 27: Attribution when loss results in reduction in value of shares
    Multiple provisions were updated
  140. HA 3: Meaning of loss-attributing qualifying company
    Multiple provisions were updated
  141. HA 38: Elections by directors and shareholders required
    Multiple provisions were updated
  142. HC 13: Charitable trusts
    Multiple provisions were updated
  143. HL 1: Intended effect on portfolio tax rate entities and investors
    Multiple provisions were updated
  144. HL 10: Further eligibility requirements relating to investments
    Multiple provisions were updated
  145. HL 11: Election to become portfolio investment entity and cancellation of election
    Multiple provisions were updated
  146. HL 12: Unlisted company choosing to become portfolio listed company
    Multiple provisions were updated
  147. HL 13: Becoming portfolio investment entity
    Multiple provisions were updated
  148. HL 14: Tax consequences from transition
    Multiple provisions were updated
  149. HL 16: Portfolio allocation period and portfolio calculation period
    Multiple provisions were updated
  150. HL 17: Treatment of income from interest when entitlement conditional or lacking
    Multiple provisions were updated
  151. HL 18: Certain new investors treated as part of existing portfolio investor class
    Multiple provisions were updated
  152. HL 19B: Treatment of certain provisions made by portfolio tax rate entity
    Multiple provisions were updated
  153. HL 2: Scheme of subpart
    Multiple provisions were updated
  154. HL 20: Portfolio class taxable income and portfolio class taxable loss for portfolio allocation period
    Multiple provisions were updated
  155. HL 21: Portfolio entity tax liability and tax credits of portfolio tax rate entity for period
    Multiple provisions were updated
  156. HL 23: Payments of tax by portfolio tax rate entity choosing to pay provisional tax
    Multiple provisions were updated
  157. HL 25: Optional payments of tax by portfolio tax rate entities
    Multiple provisions were updated
  158. HL 26: Portfolio investor allocated income and portfolio investor allocated loss
    Multiple provisions were updated
  159. HL 28: Treatment of portfolio investor allocated loss for other investors
    Multiple provisions were updated
  160. HL 29: Credits received by portfolio tax rate entity or portfolio investor proxy
    Multiple provisions were updated
  161. HL 3: Eligibility requirements for entities
    Multiple provisions were updated
  162. HL 30: Portfolio entity formation loss
    Multiple provisions were updated
  163. HL 31: Portfolio class taxable income and portfolio class taxable loss for tax year
    Multiple provisions were updated
  164. HL 32: Treatment of portfolio class taxable loss and portfolio class land loss for tax year
    Multiple provisions were updated
  165. HL 33: Portfolio investor proxies
    Multiple provisions were updated
  166. HL 4: Effect of failure to meet eligibility requirements for entities
    Multiple provisions were updated
  167. HL 5: Foreign investment vehicles
    Multiple provisions were updated
  168. HL 5B: Meaning of investor and portfolio investor class
    Multiple provisions were updated
  169. HL 5C: Income interest requirement
    Multiple provisions were updated
  170. HL 6: Investor membership requirement
    Multiple provisions were updated
  171. HL 7: Investor return adjustment requirement: portfolio tax rate entity
    Multiple provisions were updated
  172. HL 8: Imputation credit distribution requirement: portfolio listed company
    Multiple provisions were updated
  173. HL 9: Investor interest size requirement
    Multiple provisions were updated
  174. HM 76: Transition: FDPA companies
    Multiple provisions were updated
  175. HR 1: Partnerships and joint ventures
    Multiple provisions were updated
  176. IQ 5: Group companies using FIF net losses
    Multiple provisions were updated
  177. IS 3: Holding companies’ tax losses
    Multiple provisions were updated
  178. IS 4: Adjustments in certain circumstances
    Multiple provisions were updated
  179. IS 5: Petroleum miners’ tax losses
    Multiple provisions were updated
  180. IV 1: Supplementary dividend holding companies
    Multiple provisions were updated
  181. IZ 1: Use of specified activity net losses
    Multiple provisions were updated
  182. IZ 2: Petroleum mining companies: treatment of payments from shareholders
    Multiple provisions were updated
  183. LC 10: Adjustment for change in return date
    Multiple provisions were updated
  184. LC 11: Adjustment when person is non-resident for part of tax year
    Multiple provisions were updated
  185. LC 12: Assessment when person is non-resident
    Multiple provisions were updated
  186. LC 2: When net income in low income abatement range
    Multiple provisions were updated
  187. LC 4: Tax credits for transitional circumstances
    Multiple provisions were updated
  188. LC 5: Meaning of engaged in full-time work
    Multiple provisions were updated
  189. LC 6: Tax credits for housekeeping
    Multiple provisions were updated
  190. LC 9: Tax credits for absentees
    Multiple provisions were updated
  191. LF 1: Tax credits for FDP credits
    Multiple provisions were updated
  192. LF 10: Evidential requirements
    Multiple provisions were updated
  193. LF 2: Trustees for minor beneficiaries
    Multiple provisions were updated
  194. LF 3: Beneficiaries of trusts
    Multiple provisions were updated
  195. LF 4: Partners in partnerships
    Multiple provisions were updated
  196. LF 5: Credit transfer notices
    Multiple provisions were updated
  197. LF 6: Application of FDP ratio
    Multiple provisions were updated
  198. LF 7: Application of combined imputation and FDP ratio
    Multiple provisions were updated
  199. LF 8: Credits for persons who are non-resident or who receive exempt income
    Multiple provisions were updated
  200. LF 9: When income tax unpaid
    Multiple provisions were updated
  201. LH 1: Who this subpart applies to
    Multiple provisions were updated
  202. LH 10: Internal software development: no associated internal software developer
    Multiple provisions were updated
  203. LH 14B: Recovery of overpaid tax credit
    Multiple provisions were updated
  204. LH 16: Industry research co-operatives
    Multiple provisions were updated
  205. LH 2: Tax credits relating to expenditure on research and development
    Multiple provisions were updated
  206. LH 3: Requirements
    Multiple provisions were updated
  207. LH 4: Calculation of amount of credit
    Multiple provisions were updated
  208. LH 5: Adjustments to eligible expenditure
    Multiple provisions were updated
  209. LH 6: Research and development activities outside New Zealand
    Multiple provisions were updated
  210. LH 7: Research and development activities and related terms
    Multiple provisions were updated
  211. LH 8: Orders in Council
    Multiple provisions were updated
  212. LH 9: Internal software development: general
    Multiple provisions were updated
  213. LL 1: What this subpart does
    Multiple provisions were updated
  214. LL 2: Tax credits for underlying foreign tax
    Multiple provisions were updated
  215. LL 3: Meaning of grey list dividend
    Multiple provisions were updated
  216. LL 4: Tracking accounts
    Multiple provisions were updated
  217. LL 5: Meaning of foreign dividend company net earnings
    Multiple provisions were updated
  218. LL 6: Foreign dividend company lower tier UFTCs
    Multiple provisions were updated
  219. LL 7: Conduit financing arrangements
    Multiple provisions were updated
  220. LL 8: Currency conversion
    Multiple provisions were updated
  221. LP 10: Limitation on deductions
    Multiple provisions were updated
  222. LP 7: Requirements for supplementary dividend holding companies
    Multiple provisions were updated
  223. LP 8: Relationship with exempt income rules
    Multiple provisions were updated
  224. LQ 1: Tax credits of CTR companies
    Multiple provisions were updated
  225. LQ 2: Limitation on amount of credit
    Multiple provisions were updated
  226. LQ 3: Determining percentage of non-resident shareholders
    Multiple provisions were updated
  227. LQ 4: Date for determining percentage of non-resident shareholders
    Multiple provisions were updated
  228. LQ 5: CTR additional dividends
    Multiple provisions were updated
  229. LR 1: Tax credits for policyholder income
    Multiple provisions were updated
  230. LZ 1: Low tax jurisdiction companies
    Multiple provisions were updated
  231. LZ 10: Maximum amount for 1 special home ownership account for 1 tax year
    Multiple provisions were updated
  232. LZ 11: Maximum amount for all special home ownership accounts for all tax years
    Multiple provisions were updated
  233. LZ 12: Meaning of increase in savings
    Multiple provisions were updated
  234. LZ 2: Certain development projects
    Multiple provisions were updated
  235. LZ 4: Dividends derived from development investments
    Multiple provisions were updated
  236. LZ 5: Some definitions
    Multiple provisions were updated
  237. LZ 9: Savings in special home ownership accounts
    Multiple provisions were updated
  238. MB 9: Family scheme income from deposits in main income equalisation accounts
    Multiple provisions were updated
  239. MF 4B: Calculation of instalments: 1 April 2008 to 30 September 2008
    Multiple provisions were updated
  240. MF 4D: Calculation of instalments: 1 April 2010 to 30 September 2010
    Multiple provisions were updated
  241. MF 4E: Calculation of instalments: 1 October 2010 to 31 March 2011
    Multiple provisions were updated
  242. MF 4F: Calculation of instalments: 1 April 2018 to 30 June 2018
    Multiple provisions were updated
  243. MK 10: Amount of credit
    Multiple provisions were updated
  244. MK 11: When tax credits arise
    Multiple provisions were updated
  245. MK 12: Using tax credits
    Multiple provisions were updated
  246. MK 13: When short payment and unpaid compulsory employer contributions found after tax credit used
    Multiple provisions were updated
  247. MK 14: Employees opting out
    Multiple provisions were updated
  248. MK 9: Eligibility requirements
    Multiple provisions were updated
  249. ML 3: Payment by Commissioner
    Multiple provisions were updated
  250. OA 11: FDP account on resident’s restricted amalgamation
    Multiple provisions were updated
  251. OA 12: CTR account on resident’s restricted amalgamation
    Multiple provisions were updated
  252. OA 13: Policyholder credit account on resident’s restricted amalgamation
    Multiple provisions were updated
  253. OA 17: When policyholder credit account ends on resident’s restricted amalgamation
    Multiple provisions were updated
  254. OB 10: ICA dividend derived with FDP credit
    Multiple provisions were updated
  255. OB 11: ICA payment of FDP
    Multiple provisions were updated
  256. OB 12: ICA transfer from FDP account
    Multiple provisions were updated
  257. OB 17: ICA transfer from policyholder credit account
    Multiple provisions were updated
  258. OB 36: ICA refund of FDP
    Multiple provisions were updated
  259. OB 38: ICA overpayment of FDP
    Multiple provisions were updated
  260. OB 39: ICA transfer for net foreign attributed income
    Multiple provisions were updated
  261. OB 76: Statutory producer boards attaching FDP credits
    Multiple provisions were updated
  262. OB 7C: ICA expenditure on research and development
    Multiple provisions were updated
  263. OC 1: General rules for companies with FDP accounts
    Multiple provisions were updated
  264. OC 10: FDPA payment of FDP for conduit debit balance
    Multiple provisions were updated
  265. OC 11: FDPA credit transfer to company
    Multiple provisions were updated
  266. OC 12: FDPA reversal of tax advantage arrangement
    Multiple provisions were updated
  267. OC 13: FDPA payment of dividend
    Multiple provisions were updated
  268. OC 14: FDPA refund of FDP
    Multiple provisions were updated
  269. OC 15: FDPA overpayment of FDP
    Multiple provisions were updated
  270. OC 16: FDPA refund of tax credit
    Multiple provisions were updated
  271. OC 17: FDPA credit transfer by company
    Multiple provisions were updated
  272. OC 18: FDPA transfer to imputation credit account
    Multiple provisions were updated
  273. OC 19: FDPA transfer to CTR account
    Multiple provisions were updated
  274. OC 2: FDP accounts
    Multiple provisions were updated
  275. OC 21: FDPA transfer to group account
    Multiple provisions were updated
  276. OC 24: FDPA debit for loss of shareholder continuity
    Multiple provisions were updated
  277. OC 26: FDPA final balance
    Multiple provisions were updated
  278. OC 27: FDP credits attached to dividends
    Multiple provisions were updated
  279. OC 28: FDPA benchmark dividend rules
    Multiple provisions were updated
  280. OC 2B: General rule for life insurer's policyholder base
    Multiple provisions were updated
  281. OC 3: Choosing to become FDPA company
    Multiple provisions were updated
  282. OC 31: Payment of further income tax when company no longer New Zealand resident
    Multiple provisions were updated
  283. OC 32: Reduction of further income tax
    Multiple provisions were updated
  284. OC 33: Income tax paid satisfying liability for further income tax
    Multiple provisions were updated
  285. OC 34: Further income tax paid satisfying liability for income tax
    Multiple provisions were updated
  286. OC 35: Meaning of FDP reference period
    Multiple provisions were updated
  287. OC 36: Meaning of maximum deficit debit
    Multiple provisions were updated
  288. OC 37: Meaning of policyholder FDP ratio
    Multiple provisions were updated
  289. OC 39: Meaning of shareholder FDP ratio
    Multiple provisions were updated
  290. OC 4: When company chooses to stop being FDPA company
    Multiple provisions were updated
  291. OC 5: When company emigrates
    Multiple provisions were updated
  292. OC 6: FDPA payment of FDP
    Multiple provisions were updated
  293. OC 7: FDPA dividend derived with FDP credit
    Multiple provisions were updated
  294. OC 8: FDPA payment of FDP for transfer from CTR account
    Multiple provisions were updated
  295. OC 9: FDPA transfer for net foreign attributed income
    Multiple provisions were updated
  296. OD 1: General rules for companies with CTR accounts
    Multiple provisions were updated
  297. OD 13: CTRA adjustment for conduit tax relief
    Multiple provisions were updated
  298. OD 14: CTRA break in shareholding chain for group company
    Multiple provisions were updated
  299. OD 16: CTRA increase in resident shareholding
    Multiple provisions were updated
  300. OD 17: CTRA breach of CTR ratio
    Multiple provisions were updated
  301. OD 18: CTRA tax advantage arrangement
    Multiple provisions were updated
  302. OD 19: CTRA final balance
    Multiple provisions were updated
  303. OD 2: CTR accounts
    Multiple provisions were updated
  304. OD 21: CTRA benchmark dividend rules
    Multiple provisions were updated
  305. OD 22: CTR credits and imputation credits attached to dividends
    Multiple provisions were updated
  306. OD 23: FDP payable for CTR debits
    Multiple provisions were updated
  307. OD 24: FDP payable on resident’s restricted amalgamation
    Multiple provisions were updated
  308. OD 25: Refunds on transfers to CTR account
    Multiple provisions were updated
  309. OD 4: When company stops being CTR company
    Multiple provisions were updated
  310. OD 5: CTRA tax credit for conduit tax relief
    Multiple provisions were updated
  311. OD 7: CTRA dividend derived with CTR credit
    Multiple provisions were updated
  312. OD 9: CTRA reversal of tax advantage arrangement
    Multiple provisions were updated
  313. OE 10: BETA credit for loss of shareholder continuity
    Multiple provisions were updated
  314. OE 11: BETA final balance
    Multiple provisions were updated
  315. OE 11B: Company with debit balance, including debits from conduit relief, in some income years
    Multiple provisions were updated
  316. OE 12: BETA payment of FDP
    Multiple provisions were updated
  317. OE 13: BETA reduction in FDP
    Multiple provisions were updated
  318. OE 14: BETA refund of income tax
    Multiple provisions were updated
  319. OE 15: BETA debit for loss of shareholder continuity
    Multiple provisions were updated
  320. OE 16B: Company with credit balance at beginning of first affected income year
    Multiple provisions were updated
  321. OE 2: Branch equivalent tax accounts of companies
    Multiple provisions were updated
  322. OE 4: When company stops being BETA company
    Multiple provisions were updated
  323. OE 6: BETA payment of income tax on foreign income
    Multiple provisions were updated
  324. OE 7: BETA payment of income tax
    Multiple provisions were updated
  325. OE 8: BETA unused amount of debit balance
    Multiple provisions were updated
  326. OE 9: BETA refund of FDP
    Multiple provisions were updated
  327. OJ 10: PCA transfer to group account
    Multiple provisions were updated
  328. OJ 11: PCA company’s transfer of life insurance business
    Multiple provisions were updated
  329. OJ 12: Choosing to become PCA person
    Multiple provisions were updated
  330. OJ 14: PCA person’s equivalent credit
    Multiple provisions were updated
  331. OJ 15: PCA person’s credit for transfer of life insurance business
    Multiple provisions were updated
  332. OJ 17: PCA person’s equivalent debit
    Multiple provisions were updated
  333. OJ 2: Policyholder credit accounts of companies
    Multiple provisions were updated
  334. OJ 3: PCA transfer from imputation credit account
    Multiple provisions were updated
  335. OJ 5: PCA transfer of life insurance business
    Multiple provisions were updated
  336. OJ 6: PCA credit for maximum deficit in FDP account
    Multiple provisions were updated
  337. OJ 8: PCA payment of tax relating to policyholder base
    Multiple provisions were updated
  338. OK 14: MACA refund of FDP
    Multiple provisions were updated
  339. OK 4B: MACA expenditure on research and development
    Multiple provisions were updated
  340. OK 7: MACA dividend derived with FDP credit
    Multiple provisions were updated
  341. OP 100: Consolidated BETA payment of income tax on foreign income
    Multiple provisions were updated
  342. OP 101: Consolidated BETA payment of income tax
    Multiple provisions were updated
  343. OP 103: Consolidated BETA refund of FDP
    Multiple provisions were updated
  344. OP 104: Consolidated BETA credit for loss of shareholder continuity
    Multiple provisions were updated
  345. OP 105: Consolidated BETA payment of FDP
    Multiple provisions were updated
  346. OP 106: Consolidated BETA reduction of FDP
    Multiple provisions were updated
  347. OP 107: Consolidated BETA refund of income tax
    Multiple provisions were updated
  348. OP 108: Consolidated BETA debit for loss of shareholder continuity
    Multiple provisions were updated
  349. OP 108B: Consolidated BETA group with credit balance at beginning of first affected income year
    Multiple provisions were updated
  350. OP 109: Policyholder credit accounts of consolidated groups
    Multiple provisions were updated
  351. OP 110: Consolidated PCA transfer from imputation credit account
    Multiple provisions were updated
  352. OP 111: Consolidated PCA transfer from FDP account
    Multiple provisions were updated
  353. OP 112: Consolidated PCA group company’s credit
    Multiple provisions were updated
  354. OP 114: Consolidated PCA reduced deficit debit in FDP account
    Multiple provisions were updated
  355. OP 115: Consolidated PCA payment of tax relating to policyholder base
    Multiple provisions were updated
  356. OP 116: Consolidated PCA transfer to imputation credit account
    Multiple provisions were updated
  357. OP 13: Consolidated ICA dividend derived with FDP credit
    Multiple provisions were updated
  358. OP 14: Consolidated ICA payment of FDP
    Multiple provisions were updated
  359. OP 20: Consolidated ICA transfer from group company’s policyholder credit account
    Multiple provisions were updated
  360. OP 34: Consolidated ICA refund of FDP
    Multiple provisions were updated
  361. OP 36: Consolidated ICA overpayment of FDP
    Multiple provisions were updated
  362. OP 38: Consolidated ICA transfer for net foreign attributed income
    Multiple provisions were updated
  363. OP 52: Choosing to stop being consolidated FDP group
    Multiple provisions were updated
  364. OP 54: When credits and debits arise only in consolidated FDP group accounts
    Multiple provisions were updated
  365. OP 55: Provisions applying to consolidated FDP groups
    Multiple provisions were updated
  366. OP 56: Consolidated FDPA payment of FDP
    Multiple provisions were updated
  367. OP 59: Consolidated FDPA group company’s credit
    Multiple provisions were updated
  368. OP 60: Consolidated FDPA credit transfer to company
    Multiple provisions were updated
  369. OP 61: Consolidated FDPA transfer from group’s CTR account
    Multiple provisions were updated
  370. OP 62: Consolidated FDPA transfer for net foreign attributed income
    Multiple provisions were updated
  371. OP 63: Consolidated FDPA reversal of tax advantage arrangement
    Multiple provisions were updated
  372. OP 64: Consolidated FDPA payment of dividend
    Multiple provisions were updated
  373. OP 65: Consolidated FDPA credit transfer by company
    Multiple provisions were updated
  374. OP 67: Consolidated FDPA overpayment of FDP
    Multiple provisions were updated
  375. OP 69: Consolidated FDPA transfer to imputation credit account
    Multiple provisions were updated
  376. OP 71: Consolidated FDPA group company’s debit
    Multiple provisions were updated
  377. OP 72: Consolidated FDPA breach of FDP ratio
    Multiple provisions were updated
  378. OP 73: Consolidated FDPA debit for loss of shareholder continuity
    Multiple provisions were updated
  379. OP 74: Consolidated FDPA debit for policyholder base FDP credits
    Multiple provisions were updated
  380. OP 75: Consolidated FDPA breach of FDP ratio by PCA company
    Multiple provisions were updated
  381. OP 76: Consolidated FDPA tax advantage arrangement
    Multiple provisions were updated
  382. OP 77: Consolidated FDPA final balance
    Multiple provisions were updated
  383. OP 78: CTR accounts of consolidated groups
    Multiple provisions were updated
  384. OP 80: Provisions applying to consolidated groups with CTR accounts
    Multiple provisions were updated
  385. OP 81: Consolidated CTRA tax credit for conduit tax relief
    Multiple provisions were updated
  386. OP 82: Consolidated CTRA reduction of FDP
    Multiple provisions were updated
  387. OP 84: Consolidated CTRA group company’s credit
    Multiple provisions were updated
  388. OP 85: Consolidated CTRA transfer from group’s FDP account
    Multiple provisions were updated
  389. OP 87: Consolidated CTRA payment of dividend
    Multiple provisions were updated
  390. OP 88: Consolidated CTRA transfer to group’s FDP account
    Multiple provisions were updated
  391. OP 91: Consolidated CTRA increase in resident shareholding
    Multiple provisions were updated
  392. OP 93: Consolidated CTRA tax advantage arrangement
    Multiple provisions were updated
  393. OP 94: Consolidated CTRA final balance
    Multiple provisions were updated
  394. OP 95: FDP payable for credits and debits in group’s CTR account
    Multiple provisions were updated
  395. OP 97: Branch equivalent tax accounts of consolidated BETA groups
    Multiple provisions were updated
  396. OP 98: Choosing to stop being consolidated BETA group
    Multiple provisions were updated
  397. OP 99: When credits and debits arise only in branch equivalent tax group accounts
    Multiple provisions were updated
  398. OZ 16: BETA reductions
    Multiple provisions were updated
  399. OZ 17: CTRA reductions
    Multiple provisions were updated
  400. OZ 18: Credit-back of PCA balance
    Multiple provisions were updated
  401. RC 36: Persons affected by adverse events
    Multiple provisions were updated
  402. RD 18: Schedular payments without notification
    Multiple provisions were updated
  403. RD 66: Complying fund rules
    Multiple provisions were updated
  404. RD 72: Recovery of tax paid by superannuation funds
    Multiple provisions were updated
  405. RE 23: When amount of tax treated as FDP credit
    Multiple provisions were updated
  406. RF 14: Treatment of FDP credits
    Multiple provisions were updated
  407. RG 1: FDP rules and their application
    Multiple provisions were updated
  408. RG 2: Foreign dividends
    Multiple provisions were updated
  409. RG 3: Obligation to pay FDP
    Multiple provisions were updated
  410. RG 4: Calculating amount of FDP
    Multiple provisions were updated
  411. RG 5: Credit balance in branch equivalent tax account
    Multiple provisions were updated
  412. RG 7: Reduction of payments for conduit tax relief
    Multiple provisions were updated
  413. RM 18: Limits on refunds related to foreign dividends
    Multiple provisions were updated
  414. RM 20: Treatment of amounts not refunded
    Multiple provisions were updated
  415. RM 21: Refunds when loss balances used to reduce net income
    Multiple provisions were updated
  416. RM 28: Limits on refunds for PCA persons
    Multiple provisions were updated
  417. RM 29: Limits on refunds when person no longer PCA person
    Multiple provisions were updated
  418. RM 30: Changes in credit balances
    Multiple provisions were updated
  419. RM 31: Treatment of amounts not refunded
    Multiple provisions were updated
  420. RM 5: Overpayment on income statements
    Multiple provisions were updated
  421. RP 3: Requirements for listed PAYE intermediaries
    Multiple provisions were updated
  422. RP 5: Subsidy claims
    Multiple provisions were updated
  423. RZ 5C: GST ratio method: new personal tax rate persons from 1 October 2008 to end 2009–10 income year
    Multiple provisions were updated
  424. RZ 7: Withdrawal income
    Multiple provisions were updated
  425. RZ 8: Payment and rate of withdrawal tax
    Multiple provisions were updated
  426. YA 3: Treatment of qualifying company election tax, FBT, FDP penalty tax, imputation penalty tax, and withdrawal tax
    Multiple provisions were updated
  427. YB 17: Partnerships: partnership and associate of partner
    Multiple provisions were updated
  428. YB 19: Person and controlled non-profit organisation: 1990 version provisions
    Multiple provisions were updated
  429. YB 20: Some definitions
    Multiple provisions were updated
  430. YC 1: Meaning of control
    Multiple provisions were updated
  431. YD 11: Meaning of CTR group member
    Multiple provisions were updated
  432. YD 7: Apportionment of film rental income
    Multiple provisions were updated
  433. YD 9: Residence of CTR company shareholders
    Multiple provisions were updated

6 August 2025

  • Repeal of various provisions related to research and development tax credits
  • Repeal of provisions related to controlled foreign companies and foreign investment
  • Amendments to definitions and tax credits for superannuation contributions
  • Repeal of provisions related to film production and tax credits
  • Amendments to provisions related to residential land and Māori family trusts
  • Update to deemed rate of return for the 2024-25 income year
  • Amendments to provisions related to foreign tax credits and conduit financing arrangements

Affected provisions

  1. 21B: Expenditure or loss for research and development tax credits
    Repeal of various provisions related to research and development tax credits
  2. CB 27B: Entering partners’ livestock income
    Repeal of provisions related to controlled foreign companies and foreign investment
  3. CB 6AC: Residential land transferred in relation to certain Māori family trusts
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to provisions related to residential land and Māori family trusts
  4. CD 21: Attributed repatriations from controlled foreign companies
    Repeal of provisions related to controlled foreign companies and foreign investment
  5. CD 46: New Zealand repatriation amount
    Repeal of provisions related to controlled foreign companies and foreign investment
  6. CD 48: Cost of tangible property
    Repeal of provisions related to controlled foreign companies and foreign investment
  7. CD 49: Cost of associated party equity
    Repeal of provisions related to controlled foreign companies and foreign investment
  8. CD 50: Outstanding balances of financial arrangements
    Repeal of provisions related to controlled foreign companies and foreign investment
  9. CD 51: Property transfers between associated persons
    Repeal of provisions related to controlled foreign companies and foreign investment
  10. CD 52: Unrepatriated income balance
    Repeal of provisions related to controlled foreign companies and foreign investment
  11. CS 18: Value of loan treated as fund income
    Repeal of provisions related to controlled foreign companies and foreign investment
  12. CS 7: Exclusion of withdrawal when member ends employment
    Repeal of provisions related to controlled foreign companies and foreign investment
  13. CU 10: Mining asset used to derive income other than income from mining
    Repeal of provisions related to controlled foreign companies and foreign investment
  14. CU 12: Application of sections to resident mining operators
    Repeal of provisions related to controlled foreign companies and foreign investment
  15. CU 13: Application of sections to non-resident mining operators
    Repeal of provisions related to controlled foreign companies and foreign investment
  16. CU 24: Meaning of mining exploration expenditure
    Repeal of provisions related to controlled foreign companies and foreign investment
  17. CU 27: Meaning of resident mining operator
    Repeal of provisions related to controlled foreign companies and foreign investment
  18. CU 28: Meaning of specified mineral
    Repeal of provisions related to controlled foreign companies and foreign investment
  19. CV 9: Supplementary dividend holding companies
    Repeal of provisions related to controlled foreign companies and foreign investment
  20. CW 26C: Meaning of exempt ESS
    Repeal of provisions related to controlled foreign companies and foreign investment
  21. CW 37: Film production grants
    Repeal of provisions related to controlled foreign companies and foreign investment; Repeal of provisions related to film production and tax credits
  22. CX 39: Life insurers and fully reinsured persons
    Repeal of provisions related to controlled foreign companies and foreign investment
  23. DB 65: Allowance for certain commercial buildings
    Repeal of provisions related to controlled foreign companies and foreign investment
  24. DC 15: Some definitions
    Repeal of provisions related to controlled foreign companies and foreign investment
  25. DZ 19: Attributed CFC loss carried back under section EZ 32C
    Repeal of provisions related to controlled foreign companies and foreign investment
  26. EC 21: Herd livestock on death before values determined
    Repeal of provisions related to controlled foreign companies and foreign investment
  27. EE 48: Effect of disposal or event
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to provisions related to foreign tax credits and conduit financing arrangements
  28. EF 6: Different tax years
    Repeal of provisions related to controlled foreign companies and foreign investment
  29. EG 3: Allocation of income, deductions, and tax credits by portfolio tax rate entity
    Repeal of provisions related to controlled foreign companies and foreign investment
  30. EH 41: Deduction of deposit
    Repeal of provisions related to controlled foreign companies and foreign investment
  31. EH 47: Refund on retirement
    Repeal of provisions related to controlled foreign companies and foreign investment
  32. EH 57: Amendment of assessment
    Repeal of provisions related to controlled foreign companies and foreign investment
  33. EJ 14: Spreading deduction backwards
    Repeal of provisions related to controlled foreign companies and foreign investment
  34. EJ 19: Meaning of offshore development
    Repeal of provisions related to controlled foreign companies and foreign investment
  35. EW 56: Natural person
    Repeal of provisions related to controlled foreign companies and foreign investment
  36. EX 13: Income interests of partners
    Repeal of provisions related to controlled foreign companies and foreign investment
  37. EX 23: Tax concession grey list CFCs
    Repeal of provisions related to controlled foreign companies and foreign investment
  38. EX 39: Terminating exemption for grey list company with numerous New Zealand shareholders
    Repeal of provisions related to controlled foreign companies and foreign investment
  39. EX 49: Accounting profits method
    Repeal of provisions related to controlled foreign companies and foreign investment
  40. EX 55: Deemed rate of return method
    Repeal of provisions related to controlled foreign companies and foreign investment; Update to deemed rate of return for the 2024-25 income year
  41. EY 41: Discontinuance profit formulas: individual result may never be negative
    Repeal of provisions related to controlled foreign companies and foreign investment
  42. EZ 23E: Item treated as available for use if access restricted due to Canterbury earthquake
    Repeal of provisions related to controlled foreign companies and foreign investment
  43. EZ 32: Terminating exemption for grey list FIF investing in Australasian listed equities
    Repeal of provisions related to controlled foreign companies and foreign investment
  44. FF 1: What this subpart does
    Repeal of provisions related to controlled foreign companies and foreign investment
  45. FF 10: Calculating debt percentage of consolidated foreign groups
    Repeal of provisions related to controlled foreign companies and foreign investment
  46. FF 11: Changes in foreign group membership
    Repeal of provisions related to controlled foreign companies and foreign investment
  47. FF 6: Conduit tax relief
    Repeal of provisions related to controlled foreign companies and foreign investment
  48. FF 7: Surplus to foreign dividends
    Repeal of provisions related to controlled foreign companies and foreign investment
  49. FF 8: Identifying members of foreign groups
    Repeal of provisions related to controlled foreign companies and foreign investment
  50. FM 25: Reduction in payments for foreign dividends
    Repeal of provisions related to controlled foreign companies and foreign investment
  51. GB 8: Arrangements involving attributed repatriation from CFCs
    Repeal of provisions related to controlled foreign companies and foreign investment
  52. HA 12: Avoidance arrangements
    Repeal of provisions related to controlled foreign companies and foreign investment
  53. HA 38: Elections by directors and shareholders required
    Repeal of provisions related to controlled foreign companies and foreign investment
  54. HC 13: Charitable trusts
    Repeal of provisions related to controlled foreign companies and foreign investment
  55. HL 1: Intended effect on portfolio tax rate entities and investors
    Repeal of provisions related to controlled foreign companies and foreign investment
  56. HL 13: Becoming portfolio investment entity
    Repeal of provisions related to controlled foreign companies and foreign investment
  57. HL 18: Certain new investors treated as part of existing portfolio investor class
    Repeal of provisions related to controlled foreign companies and foreign investment
  58. HL 19B: Treatment of certain provisions made by portfolio tax rate entity
    Repeal of provisions related to controlled foreign companies and foreign investment
  59. HL 23: Payments of tax by portfolio tax rate entity choosing to pay provisional tax
    Repeal of provisions related to controlled foreign companies and foreign investment
  60. HL 25: Optional payments of tax by portfolio tax rate entities
    Repeal of provisions related to controlled foreign companies and foreign investment
  61. HL 28: Treatment of portfolio investor allocated loss for other investors
    Repeal of provisions related to controlled foreign companies and foreign investment
  62. HL 30: Portfolio entity formation loss
    Repeal of provisions related to controlled foreign companies and foreign investment
  63. HL 33: Portfolio investor proxies
    Repeal of provisions related to controlled foreign companies and foreign investment
  64. HL 5: Foreign investment vehicles
    Repeal of provisions related to controlled foreign companies and foreign investment
  65. HL 5C: Income interest requirement
    Repeal of provisions related to controlled foreign companies and foreign investment
  66. HL 9: Investor interest size requirement
    Repeal of provisions related to controlled foreign companies and foreign investment
  67. IQ 5: Group companies using FIF net losses
    Repeal of provisions related to controlled foreign companies and foreign investment
  68. IS 3: Holding companies’ tax losses
    Repeal of provisions related to controlled foreign companies and foreign investment
  69. IS 5: Petroleum miners’ tax losses
    Repeal of provisions related to controlled foreign companies and foreign investment
  70. IV 1: Supplementary dividend holding companies
    Repeal of provisions related to controlled foreign companies and foreign investment
  71. IZ 1: Use of specified activity net losses
    Repeal of provisions related to controlled foreign companies and foreign investment
  72. LC 10: Adjustment for change in return date
    Repeal of provisions related to controlled foreign companies and foreign investment
  73. LC 11: Adjustment when person is non-resident for part of tax year
    Repeal of provisions related to controlled foreign companies and foreign investment
  74. LC 12: Assessment when person is non-resident
    Repeal of provisions related to controlled foreign companies and foreign investment
  75. LC 4: Tax credits for transitional circumstances
    Repeal of provisions related to controlled foreign companies and foreign investment
  76. LC 6: Tax credits for housekeeping
    Repeal of provisions related to controlled foreign companies and foreign investment
  77. LC 9: Tax credits for absentees
    Repeal of provisions related to controlled foreign companies and foreign investment
  78. LF 1: Tax credits for FDP credits
    Repeal of provisions related to controlled foreign companies and foreign investment
  79. LF 10: Evidential requirements
    Repeal of provisions related to controlled foreign companies and foreign investment
  80. LF 2: Trustees for minor beneficiaries
    Repeal of provisions related to controlled foreign companies and foreign investment
  81. LF 4: Partners in partnerships
    Repeal of provisions related to controlled foreign companies and foreign investment
  82. LF 5: Credit transfer notices
    Repeal of provisions related to controlled foreign companies and foreign investment
  83. LF 6: Application of FDP ratio
    Repeal of provisions related to controlled foreign companies and foreign investment
  84. LF 8: Credits for persons who are non-resident or who receive exempt income
    Repeal of provisions related to controlled foreign companies and foreign investment
  85. LF 9: When income tax unpaid
    Repeal of provisions related to controlled foreign companies and foreign investment
  86. LH 16: Industry research co-operatives
    Repeal of various provisions related to research and development tax credits
  87. LH 3: Requirements
    Repeal of various provisions related to research and development tax credits
  88. LH 4: Calculation of amount of credit
    Repeal of various provisions related to research and development tax credits
  89. LH 5: Adjustments to eligible expenditure
    Repeal of various provisions related to research and development tax credits
  90. LH 6: Research and development activities outside New Zealand
    Repeal of various provisions related to research and development tax credits
  91. LH 7: Research and development activities and related terms
    Repeal of various provisions related to research and development tax credits
  92. LH 8: Orders in Council
    Repeal of various provisions related to research and development tax credits
  93. LL 1: What this subpart does
    Repeal of provisions related to controlled foreign companies and foreign investment
  94. LL 2: Tax credits for underlying foreign tax
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to provisions related to foreign tax credits and conduit financing arrangements
  95. LL 7: Conduit financing arrangements
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to provisions related to foreign tax credits and conduit financing arrangements
  96. LP 10: Limitation on deductions
    Repeal of provisions related to controlled foreign companies and foreign investment
  97. LP 7: Requirements for supplementary dividend holding companies
    Repeal of provisions related to controlled foreign companies and foreign investment
  98. LP 8: Relationship with exempt income rules
    Repeal of provisions related to controlled foreign companies and foreign investment
  99. LQ 2: Limitation on amount of credit
    Repeal of provisions related to controlled foreign companies and foreign investment
  100. LQ 3: Determining percentage of non-resident shareholders
    Repeal of provisions related to controlled foreign companies and foreign investment
  101. LQ 4: Date for determining percentage of non-resident shareholders
    Repeal of provisions related to controlled foreign companies and foreign investment
  102. LQ 5: CTR additional dividends
    Repeal of provisions related to controlled foreign companies and foreign investment
  103. LZ 1: Low tax jurisdiction companies
    Repeal of provisions related to controlled foreign companies and foreign investment
  104. LZ 10: Maximum amount for 1 special home ownership account for 1 tax year
    Repeal of provisions related to controlled foreign companies and foreign investment
  105. LZ 11: Maximum amount for all special home ownership accounts for all tax years
    Repeal of provisions related to controlled foreign companies and foreign investment
  106. LZ 12: Meaning of increase in savings
    Repeal of provisions related to controlled foreign companies and foreign investment
  107. LZ 2: Certain development projects
    Repeal of provisions related to controlled foreign companies and foreign investment
  108. LZ 4: Dividends derived from development investments
    Repeal of provisions related to controlled foreign companies and foreign investment
  109. LZ 5: Some definitions
    Repeal of provisions related to controlled foreign companies and foreign investment
  110. LZ 9: Savings in special home ownership accounts
    Repeal of provisions related to controlled foreign companies and foreign investment
  111. MK 1: Tax credits for superannuation contributions
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to definitions and tax credits for superannuation contributions
  112. MK 10: Amount of credit
    Repeal of provisions related to controlled foreign companies and foreign investment
  113. MK 11: When tax credits arise
    Repeal of provisions related to controlled foreign companies and foreign investment
  114. MK 12: Using tax credits
    Repeal of provisions related to controlled foreign companies and foreign investment
  115. MK 2: Eligibility requirements
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to definitions and tax credits for superannuation contributions
  116. MK 3: Payment of tax credits
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to definitions and tax credits for superannuation contributions
  117. MK 4: Amount of tax credit
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to definitions and tax credits for superannuation contributions
  118. MK 9: Eligibility requirements
    Repeal of provisions related to controlled foreign companies and foreign investment
  119. OC 2: FDP accounts
    Repeal of provisions related to controlled foreign companies and foreign investment
  120. OC 27: FDP credits attached to dividends
    Repeal of provisions related to controlled foreign companies and foreign investment
  121. OD 2: CTR accounts
    Repeal of provisions related to controlled foreign companies and foreign investment
  122. OE 16B: Company with credit balance at beginning of first affected income year
    Repeal of provisions related to controlled foreign companies and foreign investment
  123. OE 7: BETA payment of income tax
    Repeal of provisions related to controlled foreign companies and foreign investment
  124. OJ 14: PCA person’s equivalent credit
    Repeal of provisions related to controlled foreign companies and foreign investment
  125. OJ 15: PCA person’s credit for transfer of life insurance business
    Repeal of provisions related to controlled foreign companies and foreign investment
  126. OJ 6: PCA credit for maximum deficit in FDP account
    Repeal of provisions related to controlled foreign companies and foreign investment
  127. OK 4B: MACA expenditure on research and development
    Repeal of various provisions related to research and development tax credits
  128. OK 7: MACA dividend derived with FDP credit
    Repeal of provisions related to controlled foreign companies and foreign investment
  129. OP 108B: Consolidated BETA group with credit balance at beginning of first affected income year
    Repeal of provisions related to controlled foreign companies and foreign investment
  130. OP 114: Consolidated PCA reduced deficit debit in FDP account
    Repeal of provisions related to controlled foreign companies and foreign investment
  131. OP 20: Consolidated ICA transfer from group company’s policyholder credit account
    Repeal of provisions related to controlled foreign companies and foreign investment
  132. OP 38: Consolidated ICA transfer for net foreign attributed income
    Repeal of provisions related to controlled foreign companies and foreign investment
  133. OP 55: Provisions applying to consolidated FDP groups
    Repeal of provisions related to controlled foreign companies and foreign investment
  134. OP 59: Consolidated FDPA group company’s credit
    Repeal of provisions related to controlled foreign companies and foreign investment
  135. OP 62: Consolidated FDPA transfer for net foreign attributed income
    Repeal of provisions related to controlled foreign companies and foreign investment
  136. OP 74: Consolidated FDPA debit for policyholder base FDP credits
    Repeal of provisions related to controlled foreign companies and foreign investment
  137. OP 80: Provisions applying to consolidated groups with CTR accounts
    Repeal of provisions related to controlled foreign companies and foreign investment
  138. OP 87: Consolidated CTRA payment of dividend
    Repeal of provisions related to controlled foreign companies and foreign investment
  139. OP 93: Consolidated CTRA tax advantage arrangement
    Repeal of provisions related to controlled foreign companies and foreign investment
  140. OP 95: FDP payable for credits and debits in group’s CTR account
    Repeal of provisions related to controlled foreign companies and foreign investment
  141. RG 2: Foreign dividends
    Repeal of provisions related to controlled foreign companies and foreign investment
  142. RG 3: Obligation to pay FDP
    Repeal of provisions related to controlled foreign companies and foreign investment
  143. RG 4: Calculating amount of FDP
    Repeal of provisions related to controlled foreign companies and foreign investment
  144. RG 7: Reduction of payments for conduit tax relief
    Repeal of provisions related to controlled foreign companies and foreign investment
  145. RM 18: Limits on refunds related to foreign dividends
    Repeal of provisions related to controlled foreign companies and foreign investment
  146. RM 20: Treatment of amounts not refunded
    Repeal of provisions related to controlled foreign companies and foreign investment
  147. RM 21: Refunds when loss balances used to reduce net income
    Repeal of provisions related to controlled foreign companies and foreign investment
  148. RM 28: Limits on refunds for PCA persons
    Repeal of provisions related to controlled foreign companies and foreign investment
  149. RM 29: Limits on refunds when person no longer PCA person
    Repeal of provisions related to controlled foreign companies and foreign investment
  150. RZ 7: Withdrawal income
    Repeal of provisions related to controlled foreign companies and foreign investment
  151. RZ 8: Payment and rate of withdrawal tax
    Repeal of provisions related to controlled foreign companies and foreign investment
  152. YA 1: Definitions
    Repeal of provisions related to controlled foreign companies and foreign investment; Amendments to definitions and tax credits for superannuation contributions
  153. YB 20: Some definitions
    Repeal of provisions related to controlled foreign companies and foreign investment
  154. YD 7: Apportionment of film rental income
    Repeal of provisions related to controlled foreign companies and foreign investment; Repeal of provisions related to film production and tax credits

4 January 2026

  • References to 'Venture Investment Fund' have been replaced with 'New Zealand Growth Capital Partners Limited' in various provisions
  • Provisions related to members and former members of Parliament have been updated due to the Parliament (Repeals and Amendments) Act 2025
  • The definition of 'family member' has been amended to reference section 68 of the Parliament Act 2025
  • The FamilyBoost tax credit has been increased to 40% of licensed early childhood service fees, up to a maximum credit amount of $1,560
  • The abatement amount for the FamilyBoost tax credit is now calculated at a rate of 7 cents per dollar of tax credit income over $35,000
  • Income derived by a local authority from a council-controlled organisation operating a hospital as a charitable activity is now excluded
  • A reference to a schedule has been updated in provision DZ 17, but the substantive content remains the same
  • Comparative tables of old and rewritten provisions have been updated

Affected provisions

  1. 52: Comparative tables of old and rewritten provisions
    Comparative tables of old and rewritten provisions have been updated
  2. CW 13: Proceeds from share or option acquired under venture investment agreement
    References to 'Venture Investment Fund' have been replaced with 'New Zealand Growth Capital Partners Limited' in various provisions
  3. CW 31: Services for members and former members of Parliament
    Provisions related to members and former members of Parliament have been updated due to the Parliament (Repeals and Amendments) Act 2025
  4. CW 39: Local authorities
    Income derived by a local authority from a council-controlled organisation operating a hospital as a charitable activity is now excluded
  5. CX 33B: Benefits for members of Parliament
    Provisions related to members and former members of Parliament have been updated due to the Parliament (Repeals and Amendments) Act 2025
  6. DZ 17: Expenditure on improvements to aquacultural business before 1995–96 income year
    A reference to a schedule has been updated in provision DZ 17, but the substantive content remains the same
  7. EX 37B: Share in grey list company acquired under venture investment agreement
    References to 'Venture Investment Fund' have been replaced with 'New Zealand Growth Capital Partners Limited' in various provisions
  8. MH 3: FamilyBoost tax credit
    The FamilyBoost tax credit has been increased to 40% of licensed early childhood service fees, up to a maximum credit amount of $1,560
  9. MH 5: FamilyBoost tax credit abatement
    The abatement amount for the FamilyBoost tax credit is now calculated at a rate of 7 cents per dollar of tax credit income over $35,000
  10. YA 1: Definitions
    References to 'Venture Investment Fund' have been replaced with 'New Zealand Growth Capital Partners Limited' in various provisions; Provisions related to members and former members of Parliament have been updated due to the Parliament (Repeals and Amendments) Act 2025; The definition of 'family member' has been amended to reference section 68 of the Parliament Act 2025