Tax Administration Act 1994

Remission, relief, and refunds

184AA: Refund of tax: deductible amounts of interest

You could also call this:

"Getting a tax refund for interest you've paid"

Illustration for Tax Administration Act 1994

When you are allowed a deduction under section DB 3B of the Income Tax Act 2007, this section applies to you. You might also be allowed a deduction under section DB 3B of the Income Tax Act 2004, or section DB 2 of the Income Tax Act 1994. This section is about getting a refund of tax when you have deductible amounts of interest. The time limits for refunds do not apply to the changes made by sections 194 and 221 of the Taxation Act. These changes are about the deductibility of interest imposed under Part 7. You can find more information about these provisions in the relevant acts. The provisions that apply to you are in the Income Tax Acts, such as sections RM 2 to RM 6 of the Income Tax Act 2007. Other provisions are in sections MD 1 and MD 2 of the Income Tax Act 2004, and sections MD 1 and MD 2 of the Income Tax Act 1994. These provisions are about refunds of tax and deductible amounts of interest.

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This page was last updated on 28 November 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM3997073.

Topics:

Money and consumer rights > Taxes

184: Refund of tax paid on income subsequently exempted by Order in Council, or

"Getting a refund for tax paid on income that's now exempt"

184A: Refund of tax paid in excess made by direct credit to bank account, or

"Getting a tax refund paid into your bank account"

Part 11Remission, relief, and refunds

184AARefund of tax: deductible amounts of interest

This section applies when a person is allowed a deduction under section DB 3B of the Income Tax Act 2007, section DB 3B of the Income Tax Act 2004, or section DB 2 of the Income Tax Act 1994.
The time limits for refunds under the provisions referred to in subsection (3) do not apply for the purposes of the amendments made by sections 194 and 221 of the Taxation (Tax Administration and Remedial Matters) Act 2011 relating to the deductibility of interest imposed under Part 7.
The provisions are, as applicable,—
sections RM 2 to RM 6 of the Income Tax Act 2007:
sections MD 1 and MD 2 of the Income Tax Act 2004:
sections MD 1 and MD 2 of the Income Tax Act 1994.

Notes

Section 184AA: inserted, on 29 August 2011, by section 189(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).