When a trust gets certain assets and liabilities from a local government, you need to think about taxation. A law called section 707W used to say something about this, but it is no longer in effect. It was repealed on 1 October 1998 by section 14(1)(e) of the Local Government Amendment Act 1998.

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This page was last updated on 10 September 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM424534.

Topics:

Government and voting > Local councilsMoney and consumer rights > Taxes

707V: Stamp duty exemption, or

"Exemption from paying stamp duty on certain assets is no longer available"

707X: Taxes and duties, or

"Taxes and duties: rules about paying taxes when a trust gets assets from a local government"

Part 44BAuckland Regional Services Trust
Transfer of specified assets and specified liabilities to Trust

707WTaxation (Repealed)

Notes

Section 707W: repealed, on 1 October 1998, by section 14(1)(e) of the Local Government Amendment Act 1998 (1998 No 89).