Plain language law

New Zealand law explained for everyone

Tax Administration Act 1994

Penalties - Civil penalties

140C: Transitional imputation penalty tax payable in some circumstances

You could also call this:

"An old tax rule that's no longer used"

Illustration for Tax Administration Act 1994

You need to know about a rule called Transitional imputation penalty tax payable in some circumstances. This rule is part of the Tax Administration Act 1994. It was repealed, which means it is no longer in use, by section 117 of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013, which you can find on the legislation website. You can see this change happened on 17 July 2013 and took effect on 1 October 2010. This rule used to be known as section 140C. It is not used anymore because it was repealed. The repeal of this rule is part of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM356188.

Topics:
Money and consumer rights > Taxes
Previous

140BB: Transitional imputation penalty tax payable in some circumstances, or

"A special tax penalty that applied in some situations before 2010"

Next

140CA: Transitional FDP penalty tax payable in some circumstances, or

"Old rule about penalty tax that is no longer used"

Part 9Penalties
Civil penalties

140CTransitional imputation penalty tax payable in some circumstances (Repealed)

    Notes
    • Section 140C: repealed (with effect on 1 October 2010), on , by section 117 of the Taxation (Livestock Valuation, Assets Expenditure, and Remedial Matters) Act 2013 (2013 No 52).