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Local Government Act 1974

Local authority trading enterprises and divestment of undertakings - Transfers of undertakings

594ZL: Stamp duty exemption

You could also call this:

"Old rule about not paying stamp duty on some property transfers"

Illustration for Local Government Act 1974

You are looking at a part of the Local Government Act 1974 called 'Stamp duty exemption'. This part is actually no longer in use because it was repealed. It was repealed on 20 May 1999 by the Stamp Duty Abolition Act 1999, which you can find more information about on the New Zealand legislation website. This means you do not have to pay stamp duty in certain situations related to transfers of undertakings, but this rule is not in effect anymore.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM422659.

Topics:
Government and voting > Local councilsHousing and property > Land useMoney and consumer rights > Taxes
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594ZM: Application of Income Tax Act 1994 and Goods and Services Tax Act 1985, or

"Rules for income tax and GST when a business is sold or transferred"

Part 34ALocal authority trading enterprises and divestment of undertakings
Transfers of undertakings

594ZLStamp duty exemption (Repealed)

    Notes
    • Section 594ZL: repealed, on , by section 7 of the Stamp Duty Abolition Act 1999 (1999 No 61).