Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698754222169.pdf (New Zealand)
 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CR 1 CR 2 CR 3 Subpart CS CR 1 CR 2 FC 13, FC 14(2) CS 1 CS 2 CS 3 CS 4 CS 5 CS 6 CS 7 CS 8 CS 9 CS 10 CS 11 CS 12 CS 13 CS 14 CS 15 CS 16 CS 1 CS 2 CS 3 CS 4 CS 5 CS 6 CS 7 CS 8 CS 9 CS 10 CS 11 CS 12 CS 13 CS 14 CS 15 CS 16 3399 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CS 17 CS 18 Subpart CT CT 1 CT 2 CT 3 CT 4 CT 5 CT 6 CT 7 Subpart CU CU 1 CU 2 CU 3 CU 4 CU 5 CU 6 CU 7 CU 8 CU 9 3400 CS 17 GD 6(1), (2) CT 1 CT 2 CT 3 CT 4 CT 5 CT 6 CT 7 CU 1 CU 2 CU 3 CU 4 CU 5 CU 6 CU 7 CU 8 CU 9 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CU 10 CU 11 CU 12 CU 13 CU 14 CU 15 CU 16 CU 17 CU 18 CU 19 CU 20 CU 21 CU 22 CU 23 CU 24 CU 25 CU 26 CU 27 CU 28 CU 29 CU 10 CU 11 CU 12 CU 13 CU 14 CU 15 CU 16 CU 17 CU 18 CU 19 CU 20 CU 21 CU 22 CU 23 CU 24 CU 25 CU 26 CU 27 CU 28 CU 29 3401 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart CV CV 1 CV 2 CV 3 CV 4 CV 5 CV 6 CV 7 CV 8 CV 9 CV 10 CV 11 CV 12 CV 13 CV 14 CV 15 CV 16 CV 17 Subpart CW CW 1 3402 CV 1 HB 2(1)(e) FD 10(8) FE 4(b) OC 3(c) CV 2 CV 3 CV 4 LE 3(6), (8) FH 8(3) HI 4(3), HI 5(2), (3), HI 7 HH 8 HH 1(7), HH 3(1) HH 3(5A) HH 3(3) FC 18, FC 19 FC 21(1), (2), (4) CW 1 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 2 CW 3 CW 4 CW 5 CW 6 CW 7 CW 8 CW 9 CW 10 CW 11 CW 12 CW 13 CW 14 CW 15 CW 16 CW 17 CW 18 CW 19 CW
 20 CW 21 CW 2 CW 3 CW 4 CW 5 CW 6 CW 7 CW 8 CW 9 CW 10 CW 11 CW 11B CW 11C HG 10(a) HG 13(1)(a), (1A) CW 12 CW 13 CW 14 CW 15 CW 16 CW 17 3403 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 22 CW 23 CW 24 CW 25 CW 26 CW 27 CW 28 CW 29 CW 30 CW 31 CW 32 CW 33 CW 34 CW 35 CW 36 CW 37 CW 38 CW 39 CW 40 CW 41 3404 CW 18 CW 19 CW 20 CW 21 CW 22 CW 22B CW 23 CW 23B CW 24 CW 25 CW 26 CW 27 CW 28 CW 28B CW 29 CW 30 CW 31 CW 32 CW 33 CW 34 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 42 CW 43 CW 44 CW 45 CW 46 CW 47 CW 48 CW 49 CW 50 CW 51 CW 52 CW 53 CW 54 CW 55 CW 56 CW 57 CW 58 CW 59 CW 60 CW 61 CW 35 CW 36 CW 37 CW 38 CW 39 CW 40 CW 40B CW 41 CW 42 CW 43 CW 44 HH 3(5) HH 4(3B) HI 5(1) CW 45 CW 45B CW 46 CW 47 CW 48 CW 49 3405 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 CW 62 CW 63 CW 64 Subpart CX CX 1 CX 2 CX 3 CX 4 CX 5 CX 6 CX 7 CX 8 CX 9 CX 10 CX 11 CX 12 CX 13 CX 14 CX 15 CX 16 3406 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CW 49B GB 1(1)–(2C), GD 3(1), (2) CW 50 CX 1 CX 2 CX 3 CX 4 CX 5 CX 6 CX 6B CX 7 CX 8 CX 9 CX 10 CX 11 CX 12 CX 13 CX 14 CX 15 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CX 17 CX 18 CX 19 CX 20 CX 21 CX 22 CX 23 CX 24 CX 25 CX 26 CX 27 CX 28 CX 29 CX 30 CX 31 CX 32 CX 33 CX 34 CX 35 CX 36 CX 16 GC 15(3), (4) CX 17 CX 18 CX 18B CX 19 CX 20 CX 20B CX 21 CX 22 CX 23 CX 24 CX 25 CX 26 CX 26B CX 27 CX 27B CX 28 CX 29 CX 30 3407 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in
 Income Tax Act 2004 (unless otherwise stated) CX 37 CX 38 CX 39 CX 40 CX 41 CX 42 CX 43 CX 44 CX 45 CX 46 CX 47 CX 48 CX 49 CX 50 CX 51 CX 52 CX 53 CX 54 CX 55 CX 56 3408 CX 31 CX 32 CX 33 CX 34 CX 35 CX 36 CX 37 CX 38 CX 39 CX 40 CX 41 CX 41B CX 42 CX 1B CX 43 CX 43B CX 44 CX 44B CX 44C CX 44D Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CX 57 CX 58 CX 59 CX 60 CX 61 Subpart CZ CZ 1 CZ 2 CZ 3 CZ 4 CZ 5 CZ 6 CZ 7 CZ 8 CZ 9 CZ 10 CZ 11 CZ 12 CZ 13 CZ 14 CX 44E HH 3A–HH 3F HH 3(4) HB 2(1)(a) GB (1)–(2C), GD 3(1), (2) CZ 1 CZ 2 CZ 3 CZ 4 CZ 5 CZ 6 CZ 7 CZ 8 CZ 9 CZ 10 CZ 11 CZ 12 CZ 13 CZ 14 3409 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) CZ 15 CZ 16 CZ 17 CZ 18 CZ 19 CZ 20 CZ 21 CZ 22 PART D Subpart DA DA 1 DA 2 DA 3 DA 4 Subpart DB DB 1 DB 2 DB 3 DB 4 DB 5 3410 CZ 15 CZ 16 CZ 17 CZ 18 CZ 19 FC 6(7), (8) GD 6(3) CZ 20 DA 1 DA 2 DA 3 DA 4 DB 1 DB 2 DB 3 DB 4 DB 5 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 6 DB 7 DB 8 DB 9 DB 10 DB 11 DB 12 DB 13 DB 14 DB 15 DB 16 DB 17 DB 18 DB 19 DB 20 DB 21 DB 22 DB 23 DB 24 DB 25 DB 6 DB 7 DB 8 HG 9(3)–(5) FC 1(1), FC 2(2) DB 9 DB 9B DB 10 DB 11 DB 12 DB 12B DB 12C DB 13 DB 13B DB 14 DB 15 DB 16 DB 17 DB 18 FC 4(f)(iv) 3411 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 26 DB 27 DB 28 DB 29 DB 30 DB 31 DB 32 DB 33 DB 34 DB 35 DB 36 DB 37 DB 38 DB 39 DB 40 DB 41 DB 42 DB 43 DB 44 DB 45 3412 DB 19 DB 20 DB 21 FB 4A DB 22 DB 23 DB 24 DB 25 DB 26 DB 27 DB 28 DB 28B DB 29 DB 30 DB 31 DB 32 DB 33 DB 34 DB
 35 DB 36 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DB 46 DB 47 DB 48 DB 49 DB 50 DB 51 DB 52 DB 53 DB 54 DB 55 DB 56 DB 57 DB 58 DB 59 Subpart DC DC 1 DC 2 DC 3 DC 4 DB 37 DB 38 DB 39 DB 40 DB 41 DB 42 DB 43 DB 43B DB 43C DB 44 DB 45 GD 4 GB 1(1)–(2C), GC 11A, GC 31, GD 3(1), (2), GD 5, GD 12, GD 12A GD 7, GD 10 DC 1 DC 2 DC 3 DC 4 3413 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DC 5 DC 6 DC 7 DC 8 DC 9 DC 10 DC 11 DC 12 DC 13 DC 14 DC 15 Subpart DD DD 1 DD 2 DD 3 DD 4 DD 5 DD 6 DD 7 DD 8 3414 GD 4 DC 5 DC 6 DC 7 DC 8 DC 9 DC 10 DC 11 DC 12 DC 13 DC 14 DD 1 DD 2 DD 3 DD 4 DD 5 DD 6 DD 7 DD 8 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DD 9 DD 10 DD 11 Subpart DE DE 1 DE 2 DE 3 DE 4 DE 5 DE 6 DE 7 DE 8 DE 9 DE 10 DE 11 DE 12 Subpart DF DF 1 DF 2 DF 3 DD 9 DD 10 DD 11 DE 1 DE 2 DE 3 DE 4 DE 5 DE 6 DE 7 DE 8 DE 9 DE 10 DE 11 DE 12 DF 1 DF 2 DF 3 3415 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DF 4 Subpart DN DN 1 DN 2 DN 3 DN 4 DN 5 DN 6 DN 7 DN 8 Subpart DO DO 1 DO 2 DO 3 DO 4 DO 5 DO 6 DO 7 DO 8 DO 9 3416 DF 4 DN 1 DN 2 DN 3 DN 4 DN 5 DN 6 DN 7 DN 9 DO 1 DO 2 DO 3 DO 4 DO 4B DO 4C DO 4D DO 4E planting, plot DO 4E replaced area fraction Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DO 10 DO 11 DO 12 DO 13 Subpart DP DP 1 DP 2 DP 3 DP 4 DP 5 DP 6 DP 7 DP 8 DP 9 DP 10 DP 11 Subpart DQ DQ 1 DQ 2 DQ 3 DO 5
 DO 5B DO 6 DO 7 DP 1 DP 2 DP 3 DP 3B DP 4 DP 5 DP 6 DP 7 DP 8 DP 9, GD 15 DP 10 DQ 1 DQ 2 DQ 3 3417 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DQ 4 Subpart DR DR 1 DR 2 DR 3 Subpart DS DS 1 DS 2 DS 3 DS 4 Subpart DT DT 1 DT 2 DT 3 DT 4 DT 5 DT 6 DT 7 DT 8 DT 9 3418 DQ 4 DR 1 DR 2 DR 3 DS 1 DS 2 DS 3 DS 4 DT 1 DT 2 DT 3 DT 4 DT 5 DT 6 DT 7 DT 8 DT 9 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DT 10 DT 11 DT 12 DT 13 DT 14 DT 15 DT 16 DT 17 DT 18 DT 19 DT 20 Subpart DU DU 1 DU 2 DU 3 DU 4 DU 5 DU 6 DU 7 DU 8 DT 10 DT 11 DT 12 DT 13 DT 14 DT 15 DT 16 DT 17 DT 18 DT 19 DT 20 DU 1 DU 2 DU 3 DU 4 DU 5 DU 6 DU 7 DU 8 3419 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DU 9 DU 10 DU 11 DU 12 Subpart DV DV 1 DV 2 DV 3 DV 4 DV 5 DV 6 DV 7 DV 8 DV 9 DV 10 DV 11 DV 12 DV 13 DV 14 DV 15 3420 DU 9 DU 10 DU 11 DU 12 DV 1 DV 2 DV 3 DV 4 DV 5 DV 6 DV 7 DV 8 DV 9 DV 10 DV 10B DV 11 DV 12 DV 13 FE 6A Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DV 15(1), (2) FE 3 DV 16 DV 17 DV 18 DV 19 Subpart DW DW 1 DW 2 DW 3 Subpart DX DX 1 DX 2 DX 3 Subpart DZ DZ 1 DZ 2 DZ 3 DZ 4 DZ 5 DZ 6 HB 2(1)(b), (d) HB 2(1)(c) ME 30(2), ME 35(2) HF 1(2), (3)(a), (b), (4) DW 1 DW 2 FC 15, FC 20, FC 21(3), (5) DX 1 LF 7 LE 3(10), LE 4 DZ 1 DZ 2 DZ 3 DZ 4 DZ 5 DZ 6 3421 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) DZ 7 DZ 8 DZ 9 DZ 10 DZ 11 DZ 12 DZ
 13 DZ 14 DZ 15 DZ 16 DZ 17 DZ 18 PART E Subpart EA EA 1 EA 2 EA 3 EA 4 Subpart EB EB 1 3422 DZ 7 DZ 8 DZ 9 DZ 10 DZ 11 DZ 12 DZ 13 FC 6(4), FC 8 DZ 14 DZ 15 DZ 16 DZ 17 EA 1 EA 2 EA 3 EA 4 EB 1 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EB 2 EB 3 EB 4 EB 5 EB 6 EB 7 EB 8 EB 9 EB 10 EB 11 EB 12 EB 13 EB 14 EB 15 EB 16 EB 17 EB 18 EB 19 EB 20 EB 21 EB 2 EB 3 EB 4 EB 5 EB 6 EB 7 EB 8 EB 9 EB 10 EB 11 EB 12 EB 13 EB 14 EB 15 EB 16 EB 17 EB 18 EB 19 EB 20 EB 21 3423 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EB 22 EB 23 EB 24 Subpart EC EB 22 EB 23 FB 4, FF 13(1) EC 1 EC 2 EC 3 EC 4 EC 5 EC 6 EC 7 EC 8 EC 9 EC 10 EC 11 EC 12 EC 13 EC 14 EC 15 EC 16 3424 EC 1 EC 2 EC 3 EC 5 EC 5B EC 6 EC 7 EC 8 EC 9 EC 10 EC 11 EC 12 EC 13 EC 14 EC 15 EC 16 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EC 17 EC 18 EC 19 EC 20 EC 21 EC 22 EC 23 EC 24 EC 25 EC 26 EC 27 EC 28 EC 29 EC 30 EC 31 EC 32 EC 33 EC 34 EC 35 EC 36 EC 17 EC 18 EC 19 EC 20 EC 21 EC 22 EC 23 EC 24 EC 25 EC 26 EC 27 EC 28 EC 29 EC 30 EC 31 EC 32 EC 33 EC 34 EC 35 EC 36 3425 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EC 37 EC 38 EC 39 EC 40 EC 41 EC 42 EC 43 EC 44 EC 45 EC 46 EC 47 EC 48 Subpart ED ED 1 ED 2 Subpart EE EE 1 EE 2 EE 3 EE 4 3426 EC 37 EC 38 EC 39 EC 40 EC 41 EC 42 EC 43 EC 44 EC 45 EC 46 EC 47 EC 48 ED 1 ED 2 EE 1 EE 2 EE 3 EE 4 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004
 (unless otherwise stated) EE 5 EE 6 EE 7 EE 8 EE 9 EE 10 EE 11 EE 12 EE 13 EE 14 EE 15 EE 16 EE 17 EE 18 EE 19 EE 20 EE 21 EE 22 EE 23 EE 24 EE 5 EE 6 EE 7 EE 8 EE 9 EE 10 EE 11 EE 12 EE 13 EE 14 EE 15 EE 16 EE 17 EE 18 EE 19 EE 20 EE 21 EE 22 EE 23 EE 24 3427 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EE 25 EE 26 EE 27 EE 28 EE 29 EE 30 EE 31 EE 32 EE 33 EE 34 EE 35 EE 36 EE 37 EE 38 EE 39 EE 40 EE 41 EE 42 EE 43 EE 44 3428 EE 24B EE 25 EE 25B EE 25C EE 25D EE 25E EE 26 EE 26B EE 27 EE 27B EE 28 EE 29 EE 30 EE 31 EE 32 EE 33 EE 34 EE 35 EE 36 EE 37 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EE 45 EE 46 EE 47 EE 48 EE 49 EE 50 EE 51 EE 52 EE 53 EE 54 EE 55 EE 56 EE 57 EE 58 EE 59 EE 60 EE 61 EE 62 EE 63 EE 64 EE 38 EE 39 EE 40 EE 41 EE 42 FB 7 EE 43 EE 44 EE 44B EE 45 EE 46 EE 47 EE 48 EE 49 EE 50 EE 51 EE 52 EE 53 EE 54 EE 55 3429 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EE 65 EE 66 EE 67 Subpart EF EF 1 EF 2 EF 3 EF 4 EF 5 EF 6 Subpart EG EG 1 EG 2 EG 3 Subpart EH EH 1 EH 2 EH 3 EH 4 EH 5 3430 EE 56 EE 57 EE 58 EF 1 EF 2 EF 3 EF 4 EF 5 EF 6 EG 1 EG 2 EG 3 EH 1 EH 2 EH 3 EH 4 EH 5 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 6 EH 7 EH 8 EH 9 EH 10 EH 11 EH 12 EH 13 EH 14 EH 15 EH 16 EH 17 EH 18 EH 19 EH 20 EH 21 EH 22 EH 23 EH 24 EH 25 EH 6 EH 7 EH 8 EH 9 EH 10 EH 11 EH 12 EH 13 EH 14 EH 15 EH 16 EH 17 EH 18 EH 19 EH 20 EH 21 EH 22 EH 23 EH 24 EH 25 3431 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued
 Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 26 EH 27 EH 28 EH 29 EH 30 EH 31 EH 32 EH 33 EH 34 EH 35 EH 36 EH 37 EH 38 EH 39 EH 40 EH 41 EH 42 EH 43 EH 44 EH 45 3432 EH 26 EH 27 EH 28 EH 29 EH 30 EH 31 EH 32 EH 33 EH 34 EH 35 EH 37 EH 38 EH 39 EH 40 EH 41 EH 42 EH 43 EH 44 EH 45 EH 46 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 46 EH 47 EH 48 EH 49 EH 50 EH 51 EH 52 EH 53 EH 54 EH 55 EH 56 EH 57 EH 58 EH 59 EH 60 EH 61 EH 62 EH 63 EH 64 EH 65 EH 47 EH 48 EH 49 EH 50 EH 51 EH 52 EH 53 EH 54 EH 55 EH 56 EH 57 EH 58 EH 59 EH 60 EH 61 EH 62 EH 64 EH 65 EH 66 EH 67 3433 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EH 66 EH 67 EH 68 EH 69 EH 70 EH 71 EH 72 EH 73 EH 74 EH 75 EH 76 EH 77 EH 78 EH 79 Subpart EI EI 1 EI 2 EI 3 EI 4 EI 5 3434 EH 68 EH 69 EH 70 EH 71 EH 72 EH 73 EH 74 EH 75 EH 76 EH 77 EH 78 EH 79 EH 80 EH 81 EI 1 EI 2 EI 3 EI 3B EI 4 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EI 6 EI 7 EI 8 EI 9 Subpart EJ EJ 1 EJ 2 EJ 3 EJ 4 EJ 5 EJ 6 EJ 7 EJ 8 EJ 9 EJ 10 EJ 11 EJ 12 EJ 13 EJ 14 EJ 15 EI 5 EI 6 EI 7 EI 8 EJ 1 EJ 2 EJ 3 EJ 4 EJ 5 EJ 6 EJ 7 EJ 8 GC 11B, GD 12A, GD 12B EJ 9 EJ 10 EJ 11 EJ 12 IH 3(1) EJ 13 3435 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EJ 16 EJ 17 EJ 18 EJ 19 EJ 20 EJ 21 EJ 22 EJ 23 Subpart EK EK 1 EK 2 EK 3 EK 4 EK 5 EK 6 EK 7 EK 8 EK 9 EK 10 EK 11 3436 EJ 14 EJ 15 EJ 16 EJ 17 EJ 18 EJ 19 EJ 20 EJ 21 EK 1 EK 2 EK 3 EK 4 EK 5 EK 6 EK 7 EK 8 EK 9 EK
 10 EK 11 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EK 12 EK 13 EK 14 EK 15 EK 16 EK 17 EK 18 EK 19 EK 20 EK 21 EK 22 EK 23 Subpart EW EW 1 EW 2 EW 3 EW 4 EW 5 EW 6 EW 7 EK 12 EK 13 EK 14 EK 15 EK 16 EK 17 EK 18 EK 19 EK 20 EK 21 EK 22 EK 23 EW 1 EW 2 EW 3 EW 4 EW 5 EW 6 EW 7 3437 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EW 8 EW 9 EW 10 EW 11 EW 12 EW 13 EW 14 EW 15 EW 16 EW 17 EW 18 EW 19 EW 20 EW 21 EW 22 EW 23 EW 24 EW 25 EW 26 EW 27 3438 EW 8 EW 9 EW 10 EW 11 EW 12 EW 13 EW 14 EW 15 EW 16 EW 17 EW 18 EW 19 EW 20 EW 21 EW 22 EW 23 EW 24 EW 25 EW 26 EW 27 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EW 28 EW 29 EW 30 EW 31 EW 32 EW 33 EW 34 EW 35 EW 36 EW 37 EW 38 EW 39 EW 40 EW 41 EW 42 EW 43 EW 44 EW 45 EW 46 EW 47 EW 28 EW 29 EW 30 EW 31 EW 32 EW 33 EW 34 EW 35 EW 36 EW 37 EW 38 EW 40 EW 41 EW 42 EW 43 EW 45 EW 46 EW 47 EW 47B EW 48 3439 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EW 48 EW 49 EW 50 EW 51 EW 52 EW 53 EW 54 EW 55 EW 56 EW 57 EW 58 EW 59 EW 60 EW 61 EW 62 EW 63 Subpart EX EX 1 EX 2 EX 3 3440 EW 49 EW 50 EW 51 EW 52 EW 52B EW 53 EW 54 EW 55 EW 56 EW 57 EW 58 EW 59 EW 60 EW 61 EW 62 EW 63 EX 1 EX 2 EX 3, GB 7, GC 9 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 4 EX 5 EX 6 EX 7 EX 8 EX 9 EX 10 EX 11 EX 12 EX 13 EX 14 EX 15 EX 16 EX 17 EX 18 EX 19 EX 20 EX 21 EX 22 EX 23 EX 4 EX 5 EX
 6 EX 7 EX 8 EX 9 EX 10 EX 11 EX 12 EX 13 EX 14 EX 15 EX 16 EX 17 EX 18 EX 19 EX 20 EX 21 EX 22 EX 23 3441 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 24 EX 25 EX 26 EX 27 EX 28 EX 29 EX 30 EX 31 EX 32 EX 33 EX 34 EX 35 EX 36 EX 37 EX 38 EX 39 EX 40 EX 41 EX 42 EX 43 3442 EX 25 EX 26 EX 27 EX 28 EX 29 EX 30 EX 31 EX 33C EX 33D EX 33E EX 32 EX 33(1), (2) EX 33(3) EX 33(4) EX 33(5) EX 33B(1), (3) EX 34 EX 35 EX 36 EX 37 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 44 EX 45 EX 46 EX 47 EX 48 EX 49 EX 50 EX 51 EX 52 EX 53 EX 54 EX 55 EX 56 EX 57 EX 58 EX 59 EX 60 EX 61 EX 62 EX 38 EX 39 EX 40 EX 40B EX 41 EX 42 EX 43 EX 44 EX 44B(2), EX 44C EX 44B(1), (3), EX 44D EX 44E EX 45 EX 45B EX 44(7), EX 44C(11), EX 44D(13), EX 45(15), EX 45B(17) EX 46 EX 47 EX 48 EX 49 EX 50 3443 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EX 63 EX 64 EX 65 EX 66 EX 67 EX 68 EX 69 EX 70 EX 71 EX 72 Subpart EY EY 1 EY 2 EY 3 EY 4 EY 5 EY 6 EY 7 EY 8 EY 9 3444 EX 51 EX 52 EX 53 EX 54 EX 54B EX 56 EX 57 EX 58 EX 59 EX 60 EY 1 EY 2 EY 3 EY 4 EY 5 EY 6 EY 7 EY 8 EY 9 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EY 10 EY 11 EY 12 EY 13 EY 14 EY 15 EY 16 EY 17 EY 18 EY 19 EY 20 EY 21 EY 22 EY 23 EY 24 EY 25 EY 26 EY 27 EY 28 EY 29 EY 10 GD 8(1), (3)–(9) EY 11 EY 12 EY 13 EY 14 EY 15 EY 16 EY 17 EY 18 EY 19 EY 20 EY 21 EY 22 EY 23 EY 24 EY 25 EY 26 EY 27 EY 28 3445 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act
 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EY 30 EY 31 EY 32 EY 33 EY 34 EY 35 EY 36 EY 37 EY 38 EY 39 EY 40 EY 41 EY 42 EY 43 EY 44 EY 45 EY 46 EY 47 EY 48 EY 49 3446 EY 29 EY 30 EY 31 EY 32 EY 33 EY 34 EY 35 EY 36 EY 37 EY 38 EY 39 EY 40 EY 41 EY 42 EY 43 EY 44 EY 45 EY 46 EY 47 EY 48 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart EZ EZ 1 EZ 2 EZ 3 EZ 4 EZ 5 EZ 6 EZ 7 EZ 8 EZ 9 EZ 10 EZ 11 EZ 12 EZ 13 EZ 14 EZ 15 EZ 16 EZ 17 EZ 18 EZ 19 EZ 1 EZ 2 EZ 3 EZ 4 EZ 4B EZ 4C EZ 5 EZ 6 EZ 8 EZ 9 EZ 10 EZ 11 EZ 12 EZ 13 EZ 14 EZ 15 EZ 16 EZ 17 EZ 18 3447 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EZ 20 EZ 21 EZ 22 EZ 23 EZ 24 EZ 25 EZ 26 EZ 27 EZ 28 EZ 29 EZ 30 EZ 31 EZ 32 EZ 33 EZ 34 EZ 35 EZ 36 EZ 37 EZ 38 EZ 39 3448 EZ 19 EZ 20 EZ 21 EZ 21B EZ 22 EZ 23 EZ 24 EZ 25 EZ 26 EZ 27 EZ 28 EZ 29 EX 33B(2), (3) EZ 30 EZ 31 EZ 32 EZ 33 EZ 34 EZ 35 EZ 36 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) EZ 40 EZ 41 EZ 42 EZ 43 EZ 44 EZ 45 EZ 46 EZ 47 EZ 48 EZ 49 EZ 50 EZ 51 EZ 52 PART F Subpart FA FA 1 FA 2 FA 3 FA 4 FA 5 EZ 37 EZ 38 EZ 39 EZ 40 EZ 41 EZ 42 EZ 43 EZ 44 EZ 45 EZ 46 EZ 47 EZ 48 EZ 49 new FC 1, FC 2 FC 3 FC 4 FC 5 3449 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FA 6 FA 7 FA 8 FA 9(1) FA 9(2), (3) FA 10(1), (2) FA 10(3)–(5) FA 10(6), (7) FA 11(1), (2) FA 11(3)–(7) FA 12 FA 13 FA 14 FA 15 FA 16 3450 FC 8A(1), FC 8F, FC 8G FC 8A(2), (3), OB 1 consideration, lessee’s acquisition cost, lessor’s disposition value
 FC 8B(1) FC 8B(2) FC 8E FC 8B(3) FC 8D FC 8C FC 8H FC 8I FC 9, FC 10 FC 10(1)(a), OB 1 consideration, lessee’s acquisition cost, lessor’s disposition value FC 10(1)(c), (5)(c) FC 10(2), (5)(a), OB 1 lessee’s outstanding balance, lessor’s outstanding balance, net balance due FC 10(3) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FA 17 FA 18 Subpart FB FB 1 FB 2 FB 3 FB 4 FB 5 FB 6 FB 7 FB 8 FB 9 FB 10 FB 11 FB 12 FB 13 FB 14 FB 15 FB 16 FB 17 FC 10(4) FC 10(5)(d)–(f) new FF 4 FF 6(1)(a) FF 6(1)(b) FF 6(1)(a)(iv), (b)(iv), (2) FF 7(1), (2), (5) FF 7(3), (4), (5) FF 8 FF 2 FF 1 FF 17(1) FF 17(2), (3) FF 13 FF 13(1)(a)(i), (3) FF 9 FF 10 FF 11 3451 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FB 18 FB 19 FB 20 FB 21 Subpart FC FC 1 FC 2 FC 3 FC 4 FC 5 FC 6 FC 7 FC 8 Subpart FE FE 1 FE 2 FE 3 FE 4 FE 5 FE 6 3452 FF 12 FF 14 FF 19 FF 15, FF 16 FI 1 FI 2, FI 3 FI 4 FI 5 FI 7 FI 6 FI 8 FI 11 FG 1 FG 2(1), (6), (8) FG 4(15), (16) new FG 3 FG 8 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FE 7 FE 8 FE 9 FE 10 FE 11 FE 12 FE 13 FE 14 FE 15 FE 16 FE 17 FE 18 FE 19 FE 20 FE 21 FE 22 FE 23 FE 24 FE 25 FE 26 FG 8B FG 4(5), (6), FG 8E FG 10 FG 4(7), FG 5(6), FG 7, FG 8I FG 4(8), FG 5(7), FG 8J FG 3, FG 4(1), FG 5(1) FG 6 FG 4(9), (15), (17), FG 9 FG 4(2) FG 4(3), (4) FG 5(2), (10) FG 5(2)–(5), (12), (13) FG 8H FG 8F FG 8G(1)–(3) FG 8G(4) FG 8B(3) FG 8G(5), (6) FG 4(10), (11) FG 4(10) 3453 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 FE 27 FE 28 FE 29 FE 30 FE 31 FE 32 FE 33 FE 34 FE 35 FE 36 FE 37 FE 38 FE 39 FE 40 FE 41 Subpart
 FF FF 1 FF 2 FF 3 FF 4 3454 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FG 4(12)–(14B) FG 4(12), (14C), (14E) FG 4(12), (14C), (14E), (14F) FG 4(14D) FG 5(8) FG 5(9) new FG 8C(9), (10) FG 8C(8) FG 8C(1), (2), (4)–(7) FG 8D FG 2(2) FG 2(3) FG 2(4) FG 2(4)–(6) new FH 1(1) new FH 1 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FF 5 FF 6 FF 7 FF 8 FF 9 FF 10 FF 11 Subpart FL FL 1 FL 2 Subpart FM FM 1 FM 2 FM 3 FM 4 FM 5 FM 6 FM 7 FM 8 FM 9 FH 5 FH 6, FH 7 FH 8 FH 2 FH 3 FH 3(1), FH 4 FH 8(6) FCB 1 FCB 2, FCB 3 FD 1 FD 1, OB 1 consolidation rules HB 1(1), HB 2(1), NB 1 HB 1(3)–(5) HB 1(2) FD 2, FD 11 HB 2(1) HB 2(1)(a) HB 2(1)(e) 3455 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FM 10 FM 11 FM 12 FM 13 FM 14 FM 15 FM 16 FM 17 FM 18 FM 19 FM 20 FM 21 FM 22 FM 23 FM 24 FM 25 FM 26 FM 27 FM 28 FM 29 3456 HB 2(1)(b) HB 2(1)(c) HB 2(1)(d) HB 2(2) FD 9 FD 10(1), (2) FD 10(3) FD 10(5) FD 10(4), (4A) FD 10(4), (4B) FD 10(4), (4C) FD 10(6), (7) FD 10(9) FD 10(8) NH 5(3), (9) NH 5(1), (2) NH 5(4) NH 5(5), (6), (8) NH 5(7) NH 6(6) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 FM 30 FM 31 FM 32 FM 33 FM 34 FM 35 FM 36 FM 37 FM 38 FM 39 FM 40 FM 41 FM 42 Subpart FN FN 1 FN 2 FN 3 FN 4 FN 5 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NH 4(9), NH 6(1), (2), (5), (7) FD 3(b)–(e), OB 1 eligible company FD 5 FD 8(9) FD 6, FD 8(5) proviso FD 3(a), FD 4(1), (2) FD 7(1), (2) FD 8(1) FD 4(3)–(8), FD 7(3)–(8) FD 8(2) FD 8(3), (4), (6), (7) FD 8(5) FD 8(8) new OB 1 imputation rules FDA 4 FDA 1 FDA 3(2)–(4) 3457 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act
 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FN 6 FN 7 FN 8 FN 9 FN 10 FN 11 FN 12 FN 13 FN 14 Subpart FO FO 1 FO 2 FO 3 FO 4 FO 5 FO 6 FO 7 FO 8 3458 FDA 5, FDA 6(6) FDA 2 FDA 3(1), (3), OB 1 resident imputation subgroup, trans-Tasman imputation group FDA 2(1)–(3), (5), FDA 4 FDA 6(1) FDA 6(2) FDA 6(3), (4), (7), (8) FDA 6(5) FDA 6(9) FE 1(1)(a), (b) FE 1(2) OB 1 qualifying amalgamation FE 1(1)(c), FE 8 FE 9 FE 2 FE 4(b) FE 3 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) FO 9 FO 10 FO 11 FO 12 FO 13 FO 14 FO 15 FO 16 FO 17 FO 18 FO 19 FO 20 Subpart FZ FZ 1 FZ 2 FZ 3 FZ 4 FZ 5 FZ 6 PART G FE 4(a) FE 6(1)–(3B), FE 6A FE 5 FE 6(5), (6), FE 7(1)(a), (2) FE 6(5), (7), FE 7(1)(b), (3) FE 6(5), (8), FE 7(1)(b), (4) FE 5 FE 6(1), (4) FE 6(3A), (3B) FE 10(1)–(5), (6)(c) FE 10(6)(a) FE 10(6)(b) FC 1 FC 6(2)–(8) FC 7 FC 8 FF 5 FI 9, FI 10 3459 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart GA GA 1 GA 2 Subpart GB GB 1 GB 2 GB 3 GB 4 GB 5 GB 6 GB 7 GB 8 GB 9 GB 10 GB 11 GB 12 GB 13 GB 14 GB 15 GB 16 3460 GB 1(1)–(2C) GC 17B GB 1(3) GC 1 GC 2 GC 4 GC 3 GC 5 GC 7 GC 8 GC 9(1), (4) GC 9(1), (4) GC 9(2) GC 9(2) GC 9(3), (4) GC 9(3), (4) GC 10 GC 10 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GB 17 GB 18 GB 19 GB 20 GB 21 GB 22 GB 23 GB 24 GB 25 GB 26 GB 27 GB 28 GB 29 GB 30 GB 31 GB 32 GB 33 GB 34 GB 35 GB 36 GC 11A, GD 12 GC 11B, GD 12B GD 12A GC 12 GD 11 GC 14 GD 3(1), (2) GD 3(4), (5) GD 5 GC 14A GC 14B, GC 14E GC 14C GC 14D GC 14F GC 16(b), GC 17 GC 15 GC 6 GC 21 GC 22(1), (2) GC 22(4), (5), (9) 3461 Schedule 52 Income Tax Act 2007 Reprinted as at 2
 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GB 37 GB 38 GB 39 GB 40 GB 41 GB 42 GB 43 GB 44 GB 45 GB 46 GB 47 GB 48 GB 49 Subpart GC GC 1 GC 2 GC 3 GC 4 GC 5 GC 6 3462 GC 23 GC 24 GC 25 GC 26 GC 27 GC 27A(1)–(3) GC 27A(5), (6), (10) GC 28 GC 29(1) GC 31 GC 29(2), (3) GC 30 GC 14G GD 1(1), (3), (4) GD 1(2), (3A) GD 7 GD 14 GD 10 GD 13(1), (2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GC 7 GC 8 GC 9 GC 10 GC 11 GC 12 GC 13 GC 14 Subpart GZ GZ 1 PART H Subpart HA HA 1 HA 2 HA 3 HA 4 HA 5 HA 6 GD 13(3) GD 13(4), (5) GD 13(10) GD 13(10) GD 13(11) GC 12(1), GD 13(12) GD 13(6)–(9) GD 13(13) GD 12(1) HG 1(c), (d), HG 3(1), HG 4(1), HG 14 OB 3(1) HG 14 HG 7, HG 14(d) HG 3(1), HG 4(1), HG 14(a), (b), OB 3(1)(f) HG 1(a), (b), OB 1 foreign company, OB 3(1)(a), (b), (g) 3463 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HA 7 HA 8 HA 9 HA 10 HA 11 HA 12 HA 13 HA 14 HA 15 HA 16 HA 17 HA 18 HA 19 HA 20 HA 21 HA 22 HA 23 HA 24 HA 25 HA 26 3464 OB 3(1)(c), (3) HG 4(1)–(3) OB 3(1)(d), (4) HG 14(a), (b) HG 7, HG 18, OB 3(3A) HG 14(d) HG 1(c) HG 9(1), HG 13(1) HG 13(1)–(4) HG 13(1)(a)(i), (1A) HG 10(a), HG 13(1)(aa) HG 13(6) HG 13(5) HG 1(d), HG 9(2), HG 16 HG 11(3) HG 10(b) HG 11(3A) HG 16(1), HG 17(1)(a) HG 17 HG 16(2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HA 27 HA 28 HA 29 HA 30 HA 31 HA 32 HA 33 HA 34 HA 35 HA 36 HA 37 HA 38 HA 39 HA 40 HA 41 HA 42 HA 43 HA 44 Subpart HC HG 16(3), (4) HG 4(2)(a) HG 4(3) HG 3(2), (3), HG 4(4) HG 3(4), (5) HG 5(1) HG 5(2) HG 6(1) HG 6(2)(a), (b) HG 6(2)(c) HG
 6(3) HG 14(c), HG 14A HG 15 HG 11(1), (1A) HG 11(1B), (2), (4) HG 12 OB 1 effective interest HG 2 3465 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 HC 1 HC 2 HC 3 HC 4 HC 5 HC 6 HC 7 HC 8 HC 9 HC 10 HC 11 HC 12 HC 13 HC 14 HC 15 3466 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) GC 14, HH 1(8), (9), HH 3(6), HH 4(8), Income Tax Amendment Act (No 5) 1988, s 9 HD 1(1)(a) HH 1A OB 1 corpus OB 1 beneﬁciary income, trustee income OB 1 beneﬁciary income, OF 2(3) HH 1(7), HH 3A(1)(a), OB 1 trustee income HH 8 new HH 2(2), HH 4(5) proviso, OB 1 foreign trust, qualifying trust OB 1 foreign trust OB 1 non-qualifying trust HH 1(5), (6) OB 1 distribution HH 6(2)(c), (3), OB 1 taxable distribution Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 HC 16 HC 17 HC 18 HC 19 HC 20 HC 21 HC 22 HC 23 HC 24 HC 25 HC 26 HC 27 HC 28 HC 29 HC 30 HC 31 HC 32 HC 33 HC 34 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HH 6(1), (2), (4) HH 3(1), HH 3A(1)(b) HH 3(1) HH 3(1), (4) HH 3(5) HH 3(5A) HH 3(4) HH 3(3) DV 9(2), HH 4(1), (2) HH 4(3), (3A), (6) provisos HH 4(3B), (3BB), (3BC) HH 1(10), OB 1 settlor HH 1(1)–(4), (8), (10), OB 1 settlor HH 4(4), (5) HH 2 HH 5 HH 3(2), HK 3(1A) HH 4(7) HH 3(4) 3467 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 HC 35 HC 36 3F(1), (2A)–(4) HC 37 Subpart HD HD 1 HD 2 HD 3 HD 4 HD 5 HD 6 HD 7 HD 8 HD 9 HD 10 HD 11 HD 12 HD 13 HD 14 3468 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HH 3A–HH 3C, HH 3E, HH 3F(2), (2A) HH 3C(1)(a)–(d), (2), (3), HH 3D, HH HH 3C(1)(e) HK 1(1) HK 3(2), HK 7(1) HK 1, HK 3(3), HK 7(1) HK 3(1), (1A) HK 4–HK 6, HK 7(2) HK 8 HK 2 new HK 9 HK 10 FD 6(1), FDA 5(3) HH 3(2), HH 3A(2), HH (4) HE 1 HK 12, HK 13 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued
 Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HD 15 HD 16 HD 17 HD 18 HD 19 HD 20 HD 21 HD 22 HD 23 HD 24 HD 25 HD 26 HD 27 HD 28 HD 29 Subpart HE HE 1 HE 2 HE 3 HE 4 HK 11 FC 16 FC 17 HK 1(1), HK 16, OB 1 absentee HK 20 HK 16, HK 17 HK 21 HK 23 HK 22 HK 18(1) HK 19 HK 24(1), (4) HK 24(2), HK 25 HK 24(3) HK 26 new HF 1(8) HF 1(9) rebate HF 1(4) 3469 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 HE 5 Subpart HF HF 1 HF 2 HF 3 HF 4 HF 5 HF 6 HF 7 HF 8 HF 9 HF 10 HF 11 Subpart HL HL 1 HL 2 HL 3 HL 4 HL 5 3470 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HF 1(7) OB 1 Maori authority, Maori authority rules HI 2 HI 1 HI 4(1), (2), HI 5(4), HI 7 HI 4(3) HI 5(1) HI 5(2), (3) HI 6 HI 8 HI 9 HI 3 HL 1 HL 2 HL 3 HL 4 HL 5 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HL 6 HL 7 HL 8 HL 9 HL 10 HL 11 HL 12 HL 13 HL 14 HL 15 HL 16 HL 17 HL 18 HL 19 HL 20 HL 21 HL 22 HL 23 HL 24 HL 25 HL 6 HL 7 HL 8 HL 9 HL 10 HL 11 HL 11B HL 12 HL 13 HL 14 HL 15 HL 16 HL 17 HL 18 HL 19 HL 20 HL 21 HL 22 HL 23 HL 23B 3471 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) HL 26 HL 27 HL 28 HL 29 HL 30 HL 31 HL 32 HL 33 Subpart HR HR 1 HR 2 HR 3 HR 4 HR 5 HR 6 HR 7 HR 8 HR 8(2) 3472 HL 24 HL 25 HL 26 HL 27 HL 28 HL 29 HL 30 HL 31 HD 1(1)(b), (c), (2) HE 2(1), (1A) HE 2(2), (3), OB 1 category A income, category B income, current value, designated investment fund, group investment fund HJ 1 OC 1(2) OC 1(2)–(6) OC 1(6) FC 22–FC 24 FC 23 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless
 otherwise stated) Subpart HZ HZ 1 HZ 2 PART I Subpart IA HZ 1 HZ 2 IA 1 IA 2 IA 3 IA 4 IA 5 IA 6 IA 7 IA 8 IA 9 IA 10 IE 1(1)(a) BC 4(4), DV 5(4)(b), DV 7(2), IE 1(1), (3)(a), IE 2(1), IE 3(5), IE 4(6), LB 2(3), (3A), LE 4(5), ME 9(5B) BC 4(4), HH 3(4), IE 1(1), (2), IG 10, NH 3(2), NH 4(5), (6), NH 5(6), (7) IE 1(2) IF 1(1) IG 1(1) DV 5(4)(b), DV 7(2), EY 42(10), HG 16, IE 1(2BB), (2C), IE 3(5), IE 4(6), IG 4(4), IG 5(5), IG 7(2), (3), IH 1, IH 2(1), IH 3– IH 5, II 1(1), (2) ID 1(1) IE 1(3)(b), IF 5, IG 6(5) new 3473 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart IC IC 1 IC 2 IC 3 IC 4 IC 5 IC 6 IC 7 IC 8 IC 9 IC 10 IC 11 IC 12 Subpart ID ID 1 ID 2 ID 3 ID 4 ID 5 3474 IG 1(1), (3), IG 2(1), 2(c), (e) IG 1(1), (3), IG 2(1), 2(c), (e) IG 1(2), (5) IG 1(3) IG 2(2) IG 1(1), (2), IG 2(2)(c), (4)(d)(ii), (5)(c)(ii) IG 2(2)(d), (11) IG 2(2)(f), (g) IG 2(g), (3) IG 2(c), (e) IG 2(7) IG 2(6) IG 6(1A)–(3) IG 6(4), (6), (7) IG 6(6) IG 6(7) IG 6(8) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart IE IE 1 IE 2 IE 3(1), (2) IE 4 IE 5 Subpart IP IP 1 IP 2 IP 3 IP 4 IP 5 IP 6 IP 7 Subpart IQ IQ 1 IQ 2 IQ 3 IF 4–IF 6 IF 4 IF 6 IG 9 IF 4, IG 8, IG 9 IG 2(4)(e), (f), (5)(e), (f) IG 2(2)(e), (4)(c), (d), (5)(b), (c) IF 1(2), (3) IG 2(4) IG 2(2)(b)–(f), (5) IF 1(2), (3), IG 2(4)(c), (d), (5)(c), (d), (10) IG 2(4), (5) IE 3 (1), IE 4 (1), IF 3, IF 6, IG 4(1), IG 5(1), IG 7(1) IE 3 (2), (3), (5) IE 4 (2)–(6) 3475 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) IG 4 IG 5 IG 7(2) IG 7(4) IG 7(5) IE 3(4) IG 6(2), IH 4(2) IH 1(1), IH 5 IH 4(3) IH 4(3) proviso IH 2(1), IH 3 IH 1, IH 4(1)(e) II
 1(3), (4), II 3 IF 7 IG 10 IQ 4 IQ 5 IQ 6 IQ 7 IQ 8 IQ 9 Subpart IS IS 1 IS 2 IS 3 IS 4 IS 5 IS 6 Subpart IT IT 1 Subpart IV IV 1 Subpart IW IW 1 Subpart IZ 3476 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) IZ 1 IZ 2 IZ 3 IZ 4 IZ 5 IZ 6 IZ 7 PART L Subpart LA LA 1 LA 2 LA 3 LA 4 LA 5 LA 6 LA 7 LA 8 LA 9 FF 18, IE 2 IH 2 IH 1(2) IF 1(5) IF 1(6) IF 2 IG 2(2)(c), (d)(ii)(B) new BC 9 BC 9 BC 8(2), BC 9(1), BC 10, KD 4(2), LD 3(3), LD 3A(4), LE 2(6) BC 9, BC 10 LD 1, LD 3, LD 3A, LD 6, LD 7, LD 8, MD 1 BC 8(1), MD 1, KD 4(2) LD 2, MD 1 BC 9(1), LB 2(2), LE 2(4), (8) 3477 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LA 10 Subpart LB BC 9 LB 1 LB 2 LB 3 LB 4 LB 5 LB 6 Subpart LC LC 1 LC 2 LC 3 LC 4 LC 5 LC 6 LC 7 LC 8 3478 LD 1(2), (2A), (4), (5) LD 6, LD 7 LD 3(2), NF 1(2)(b)(ix), (x), NF 8B(b) KD 1A(2), KD 2(1), KD 3(2) LD 2 LD 1B KC 1(1)(a), (b), (4) KC 1(1)(c) KC 2 KC 3(1) KC 3(3) full time earner, remunerative work KC 4(1), (1A) KC 4(2) housekeeper KC 4(2) child, communal home, home, institution, qualifying payments, separated person Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LC 9 LC 10 LC 11 LC 12 Subpart LD LD 1 LD 2 LD 3 Subpart LE LE 1 LE 2 LE 3 LE 4 LE 5 LE 6 LE 7 LE 8 LE 9 KF 3 KB 2 KC 1(2), KC 3(2) KC 1(3), KC 3(2) KC 5 KC 5(1) KC 5(1)(aa)–(cp), (4) LB 1(1)(j), (k), LB 2(1), (1B), (1C), (2C), GC 22(4), (5), (9), GC 23, GC 24 LB 2(2B), (3) LB 1(1)(hb), LB 2(2B), (3B), (3C) LB 1(1)(ab), LB 1A LB 1(1)(a), (2), (3), (3A) LB 1(1)(b), (4), (4A), (4B) LB 2(1C) LB 1(1)(c) LB 1(1)(e), (5) 3479 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued
 Provision Income Tax Act 2007 LE 10 LE 11 Subpart LF LF 1 LF 2 LF 3 LF 4 LF 5 LF 6 LF 7 LF 8 LF 9 LF 10 Subpart LJ LJ 1 LJ 2 LJ 3 LJ 4 LJ 5 LJ 6 3480 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LB 1(1)(h), LB 2(5), (6) LB 1(1)(f), LB 2(4) LB 1(1)(l), LD 8(1), (1B), (1C) LB 1(1)(ab), LB 1A LB 1(1)(a), (2), (3), (3A) LB 1(1)(b), (4), (4A), (4B) LD 8(1C) LB 1(1)(d) LB 1(1)(e), (5) LB 1(1)(d), LD 9 LB 1(1)(i), LD 8(4), (5) LB 1(1)(g), LD 8(3) LC 1(1)–(5), LC 14(1), LC 14A LC 1(1), (1B), (1C), LC 2 LC 1(1) LC 14(1) LC 14 LC 1(2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 LJ 7 Subpart LK Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LC 1(3A), (3B), LC 3 LK 1 LK 2 LK 3 LK 4 LK 5 LK 6 LK 7 LK 8 LK 9 LK 10 LK 11 LK 12 LK 13 LK 14 LK 15 Subpart LL LL 1 LC 4(1), (4) LC 4(1)–(3) LC 4(1) LC 4(4) LC 4(4)–(6) LC 5 LC 4(7) LC 16(1) LC 16(2), (3) LC 16(4) LC 16(5) LC 8, LC 11, LC 12 LC 8 LC 9, LC 10 LC 12 LF 1(1)(a) 3481 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 LL 2 LL 3 LL 4 LL 5 LL 6 LL 7 LL 8 LL 9 Subpart LO LO 1 LO 2 LO 3 LO 4 LO 5 Subpart LP LP 1 LP 2 LP 3 LP 4 3482 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LF 1(1)(a), (2), LF 2(2), (3), LF 3(1), LF 6(4)–(6) LF 5(1) LF 5(2)–(5) LF 3(1)(f), (g), (h) LF 4 LF 7 LF 3(2), LF 5(2)(e) LF 1(2), LF 2(2), (3), LF 5(1)(e), (5) LB 1(1)(m), LD 3A(1) LB 1(3), (3A) LB 1(1)(ea) LD 3A(6) LD 3A(5) LE 1 LE 2(1), (2), (2A), LE 3(5) LE 2(3), (4), (6), (7) LE 2(5) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LP 5 LP 6 LP 7 LP 8 LP 9 LP 10 Subpart LQ LQ 1 LQ 2 LQ 3 LQ 4 LQ 5 Subpart LR LR 1 Subpart LS LS 1 LS 2 LS 3 LS 4 Subpart LZ LE 2(9), (10) LE 2(11), (12) LE 3(1), (3), (11) LE 3(6), (8) LE 3(7), (9)
 LE 3(10), LE 4 KH 1(1), (2) KH 1(3) KH 2(3), (5)–(7) KH 2(1)–(2A), (4) LG 1 ME 19, ME 24, ME 28 KI 1 LD 10 LD 10B LD 11 3483 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) LZ 1 LZ 2 LZ 3 LZ 4 LZ 5 LZ 6 LZ 7 LZ 8 LZ 9 LZ 10 LZ 11 LZ 12 PART M Subpart MA MA 1 MA 2 MA 3 MA 4 MA 5 MA 6 3484 LF 6(1), (3) KZ 3(1), (4) KZ 3(2) KZ 3(3) KZ 3(1) KE 1(1) KE 1(1) KE 1(3) KG 1(1) KG 1(1) proviso KG 1(2) KG 1(3), (4) new new KD 8 KB 3 KD 9 new Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 MA 7 MA 8 Subpart MB MB 1 MB 2 MB 3 MB 4 MB 5 Subpart MC MC 1 MC 2 MC 3 MC 4 MC 5 MC 6 MC 7 MC 8 MC 9 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OB 1 full time earner new KD 1(1)(a), (b), (e)(vii), (i), (3) KD 1(4)–(6) KD 1(1)(f), (2) KD 1(1)(g) KD 1(1)(h) KD 1A new KD 2AA(4), KD 3(1), OB 1 qualifying person (a)(i) KD 2AA(4), KD 3(1), OB 1 qualifying person (a)(ii) KD 3(1), OB 1 qualifying person (a)(iii) KD 3(1) qualifying person KD 3A(2)–(4) OB 1 eligible period KD 2AA(7)–(10), KD 3A(5)–(9) 3485 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MC 10 MC 11 Subpart MD MD 1 MD 2 MD 3 MD 4 MD 5 MD 6 MD 7 MD 8 MD 9 MD 10 MD 11 MD 12 MD 13 MD 14 MD 15 3486 KD 2AA(2), (3), OB 1 principal caregiver KD 2AA(1), (11), OB 1 speciﬁed period, eligible period KD 2(1), (2) KD 2A KD 2(3), KD 2AA(3) KD 2AAA(1), (3A) KD 2AAA(1)(a) KD 2AAA(1)(b) KD 2AAA(1)(c), (3), (4) KD 2AAA(1)(e) KD 2AAA(1)(d), (5)–(8) KD 2AAA(2) KD 2AA(3), KD 2AB KD 2(5) KD 2(6), (7) KD 2(6B) KD 2(6C) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart ME ME 1
 ME 2 Subpart MF MF 1 MF 2 MF 3 MF 4 MF 5 MF 6 MF 7 Subpart MK MK 1 MK 2 MK 3 MK 4 MK 5 MK 6 KD 3(2)–(5) KD 3(1) employment, KD 3A(10) KD 5(1), (1A) KD 5(8) KD 5(6) KD 5(6A), (7) KD 4(4) KD 4(2), (2A) KD 5C KJ 1, OB 1 member credit year KJ 2 KJ 1, KJ 4, OB 1 member credit contribution KJ 3, OB 1 member credit year KJ 5(2) KJ 5(3), (4) 3487 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 MK 7 MK 8 Subpart MZ MZ 1 MZ 2 PART O Subpart OA OA 1 OA 2(2), (3) OA 3 3488 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) KJ 5(1), (5) KJ 3, OB 1 member credit year KD 2AA(3A), KD 2AAAB KD 2(4) new ME 1(1), ME 3(1), ME 10(1), (1A)–(1C), ME 15, ME 17(1), ME 20, ME 21(1), ME 22(1), ME 25, ME 26(2), ME 40, MF 1(1), MF 3(1), MF 6, MF 7(1), MF 11(1), MF 12(1), MG 2(1), MG 3(1), MG 12, MG 13(1), MG 14(1), MG 15(1), MI 2(1), (4), MI 3(1), MI 14, MI 17(1), MI 18(1), MJ 1(1), MJ 3(1), MJ 8, MK 1(1), MK 3(1), MK 9 ME 2, ME 3(1), ME 16, ME 17(1), ME 22(1), ME 26, MF 3(1), MF 8, MF 12(1), MG 1, MG 3(1), MG 14(1), MG 15(1), MI 1, MI 3(1), MI 17(1), MI 18(1), MJ 2, MJ 3(1), MK 2, MK 3(1) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 OA 4 OA 5 OA 6 OA 7 OA 8 OA 9 OA 10 OA 11 OA 12 OA 13 OA 14 OA 15 OA 16 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 13, ME 28(4), MF 9, MF 11(3), MG 16, MI 19 new new ME 3(2), ME 10(1A)–(1C), (2), ME 17(2), ME 22(2), ME 26(1), MF 3(2), MF 8(1), MF 12(2), MG 3(2), MG 13(3), MI 3(2), MI 15, MJ 3(2), MK 3(2) ME 5(3), ME 12(1)(h), ME 13(2), (4), MF 4(5), MF 8(4), MG 15(1), MI 5(3)–(7), MI 18(1)(e), (3), (4), MK 5(3), (4) ME 29(1)(a), MF 16(1)(a), MG 17(1)(a), MI 13 ME 29(1), MF 16(1), MG 17(1), MI 13 MG 17(1) MI 13(6) ME 29(1) ME 29(2)(a), MF 16(2)(a), MG 17(2)(a) ME 29(2)(b), MF 16(2)(b), MG 17(2)(b) MG 17(2)(b) 3489 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued
 Provision Income Tax Act 2007 OA 17 OA 18 Subpart OB Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 29(2) ME 8(1), MG 8(1), MG 10(1), MI 8(1), MK 7(1) OB 1 OB 2 OB 3 OB 4 OB 5 OB 6 OB 7 OB 8 OB 9 OB 10 OB 11 OB 12 OB 13 OB 14 OB 15 OB 16 3490 ME 1 ME 1A ME 13(1) ME 4(1)(a), (1C), (2)(a) ME 4(1)(ac), (2)(ac) ME 4(1)(ad), (2)(ad) ME 4(1)(c), (2)(a) ME 4(1)(i), (2)(g) ME 4(1)(d), (2)(c) ME 4(1)(e), (2)(c) ME 4(1)(f), (2)(d) ME 4(1)(g), (2)(e) ME 4(1)(cb), (2)(bb), ME 9B(1), (2) ME 4(1)(cc), (2)(bc) ME 4(1)(cd), (2)(bd) ME 4(1)(ab), (2)(ab) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OB 17 OB 18 OB 19 OB 20 OB 21 OB 22 OB 23 OB 24 OB 25 OB 26 OB 27 OB 28 OB 29 OB 30 OB 31 OB 32 OB 33 OB 34 OB 35 OB 36 ME 4(1)(j), (2)(h) ME 4(1)(da), (2)(ca) ME 4(1)(aab), (2)(aab) ME 4(1)(ea), (2)(cb) ME 4(1)(k), (2)(k) ME 4(1)(eb), (ec), (2)(cc) ME 4(1)(ed), (2)(cd) ME 29, MG 17, MI 13 ME 4(1)(h), (2)(f) ME 4(1A), (2A) ME 4(1B)(a), (2B)(a) ME 4(1B)(b), (2B)(b) ME 4(1B)(c), (2B)(c) ME 5(1)(a), (2)(a) ME 5(1)(d), (2)(d) ME 5(1)(e), (2)(e) ME 5(1)(l), (2)(k) ME 5(1)(ea), (2)(ea), (eb) ME 5(1)(eb), (2)(ea), (eb) ME 5(1)(g), (2)(g) 3491 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 OB 37 OB 38 OB 39 OB 40 OB 41 OB 42 OB 43 OB 44 OB 45 OB 46 OB 47 OB 48 OB 49 OB 50 OB 51 OB 52 OB 53 OB 54 OB 55 3492 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 5(1)(h), (2)(e) ME 5(1)(m), (2)(k) ME 5(1)(o), (2)(l), (6), (7) ME 5(1)(ia), (2)(ha) ME 5(1)(i), (2)(h) ME 5(1)(c), (2)(c) ME 5(1)(f), (2)(f) ME 5(1)(fb), (2)(fb), ME 9B(2)(a)(i) ME 41 ME 5(1)(ja), (2)(ia) ME 5(1)(b), (2)(b), ME 7 ME 5(1)(ka), (2)(ja) ME 5(1)(ab), (2)(ab) ME 5(1)(ac), (2)(ac) ME 5(1)(ad), (2)(ac) ME 13(3) ME 29, MG 17, MI 13 ME 5(1)(j), (2)(i) ME 6(4)(a) Reprinted as at 2 December
 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OB 56 OB 57 OB 58 OB 59 OB 60 OB 61 OB 62 OB 63 OB 64 OB 65 OB 66 OB 67 OB 68 OB 69 OB 70 OB 71 OB 72 OB 73 OB 74 OB 75 ME 5(1)(k), (2)(j) ME 5(1A)(a), (2A) ME 5(1A)(b), (2A) ME 5(1A)(c), (2A) ME 1B, ME 6, ME 8(1), (2) ME 8(2), (3), ME 14(2) ME 6 ME 6(1B)–(1D) ME 6B ME 9(1), (1A), (2) ME 9(3) ME 9(7)–(9) ME 9(5A), (8), (9) ME 9(5), (5B), ME 13(6) ME 9(6) ME 9B ME 9C ME 30, ME 31 ME 32 ME 33 3493 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OB 76 OB 77 OB 78 OB 79 OB 80 OB 81 OB 82 Subpart OC OC 1 OC 2 OC 3 OC 4 OC 5 OC 6 OC 7 OC 8 OC 9 OC 10 3494 ME 34 ME 30(3), (4) ME 35, ME 36 ME 37 ME 38 ME 39 ME 35 CD 9, LD 9, ME 4(1)(e), (f), MG 2(1), (3), MG 4(1)(a), (b), MG 5(3) MG 16(1), (4) MG 2(2), (3) MG 2(4), (5) MG 2(6), (7) MG 4(1)(a), (c), (2)(a), (3), MI 10(2) MG 4(1)(b), (2)(b) MG 4(1)(bb), (2)(bb) MG 4(1)(ba), (2)(ba) MG 4(1)(bc), (2)(bc) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 OC 11 OC 12 OC 13 OC 14 OC 15 OC 16 OC 17 OC 18 OC 19 OC 20 OC 21 OC 22 OC 23 OC 24 OC 25 OC 26 OC 27 OC 28 OC 29 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MG 4(1)(bd), (2)(bd) MG 4(1)(d), (2)(d) MG 5(1)(a), (2)(a) MG 5(1)(d), (2)(d) MG 5(1)(k), (2)(i) MG 5(1)(e), (2)(d) MG 5(1)(ab), (2)(ab) MG 5(1)(c), (2)(c), MG 11 MG 5(1)(ca), (2)(ca), MI 6(1) MG 5(1)(b), (2)(b), MG 7 MG 16(3) MG 5(1)(f), (2)(e), MG 8(4) MG 5(1)(g), (2)(e), MG 8B, MG 16A(1B) MG 5(1)(i), (2)(g), (3), (4) MG 5(1)(h), (2)(f) MG 5(1)(j), (2)(h) MG 6, MG 8(1), (2) MG 8(2), (3), MG 16A(1) MG 10 3495 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004
 (unless otherwise stated) OC 30 OC 31 OC 32 OC 33 OC 34 OC 35 OC 36 OC 37 OC 38 OC 39 Subpart OD OD 1 OD 2 OD 3 OD 4 OD 5 3496 MG 9(1), (2), (6) MG 9(3) MG 9(7), (8) MG 9(4), (5A) MG 9(5), MG 16(6) MG 8B(4) DWP reference period MG 8B(4) maximum deﬁcit Debit MG 8B(4) policyholder DWP ratio MG 8B(4) reduced deﬁcit debit MG 8B(4) shareholder DWP ratio MI 2(1), (4), MI 4(1)(a), MI 5(1)(a), MI 14(1), NG 9(1)(a) MI 2(4), MI 19(1), (5) MI 2(1)–(3) MI 2(5)–(7) MI 4(1)(a), (2)(a) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 OD 6 OD 7 OD 8 OD 9 OD 10 OD 11 OD 12 OD 13 OD 14 OD 15 OD 16 OD 17 OD 18 OD 19 OD 20 OD 21 OD 22 OD 23 OD 24 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MI 4(1)(e), (2)(e), MI 6(1) MI 4(1)(c), (2)(c) MI 4(1)(b), (2)(b) MI 4(1)(d), (2)(d) MI 5(1)(a), (2)(a) MI 5(1)(i), (2)(h), MI 6(2) MI 5(1)(j), (2)(i) MI 5(1)(b), (2)(b) MI 5(1)(f), (2)(f), (5), (7) MI 5(1)(g), (2)(f), (5) MI 5(1)(e), (2)(e), (3)–(6) MG 8(4), MI 5(1)(c), (2)(c) MI 5(1)(d), (2)(d), MI 9 MI 5(1)(h), (2)(g) MG 8(1), (8), MI 7(2), MI 8(1) MG 8(2), (3), (8), MI 8, MI 22(1)–(3) MG 10, MI 7(1), MI 8(1) MI 10 MI 13(7) 3497 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OD 25 Subpart OE MI 11 OE 1 OE 2 OE 3 OE 4 OE 5 OE 6 OE 7 OE 8 OE 9 OE 10 OE 11 OE 12 OE 13 OE 14 OE 15 OE 16 OE 17 3498 MF 1(1), MF 11(1) MF 1(3), MF 4(1)(a), (3)(a), (5), MF 7(1)(a), MF 9 MF 1(1), (2) MF 1(4), (5) MF 15 MF 4(1)(a), (2)(a) MF 4(1)(c), (2)(b), MF 5(4)–(7) MF 4(1)(c), MF 5(4)–(7) MF 4(1)(d), (2)(c) MF 4(1)(e), (2)(d), (5), (6) MF 4(1)(f), (2)(e) MF 4(3)(a), (4)(a) MF 4(3)(b), (4)(b), MF 5(1)–(3) MF 4(3)(c), (4)(c) MF 4(3)(d), (4)(d), (5), (6) MF 4(3)(e), (4)(e) MF 11(1), (2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding
 provision in Income Tax Act 2004 (unless otherwise stated) OE 18 OE 19 OE 20 OE 21 OE 22 Subpart OF OF 1 OF 2 OF 3 OF 4 OF 5 Subpart OJ OJ 1 OJ 2 OJ 3 OJ 4 OJ 5 OJ 6 OJ 7 MF 11(4), (5) MF 13(1), (2) MF 13(3)(a), MF 14 MF 13(3)(b) MF 13(3)(c) MJ 1(1), MJ 5(1), MJ 6(1) MJ 3(1) MJ 1(1) MJ 5 ME 4(1)(da), MJ 6 ME 15, ME 21, ME 22(1) ME 15, ME 17(1), ME 27(1), (3) ME 14(1), ME 18(1)(a), (2)(a) ME 18(1)(b), (2)(b) ME 18(1)(c), (2)(c) ME 18(1)(bb), (2)(bb) ME 18(1)(bc), (2)(bb) 3499 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 OJ 8 OJ 9 OJ 10 OJ 11 OJ 12 OJ 13 OJ 14 OJ 15 OJ 16 OJ 17 OJ 18 Subpart OK OK 1 OK 2 OK 3 OK 4 OK 5 OK 6 OK 7 3500 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 18(3)(a), (4)(a), ME 19(1), (2) ME 18(3)(b), (4)(b), ME 19(3)–(6) ME 27(2) ME 18(3)(c), (4)(c), ME 19A ME 21(1), (2) ME 21(3), (4) ME 23(1)(a), (2)(a), (3), (6)(a) ME 23(1)(b), (2)(b) ME 23(4)(a), (5)(a), ME 24 ME 23(4)(b), (5)(b) ME 23(4)(c), (5)(c) MK 1, MK 3 MK 4(1)(a), (2)(a) MK 4(1)(b), (2)(a) MK 4(1)(c), (2)(a) MK 4(1)(d), (2)(b) MK 4(1)(e), (2)(c) MK 4(1)(f), (2)(c) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OK 8 OK 9 OK 10 OK 11 OK 12 OK 13 OK 14 OK 15 OK 16 OK 17 OK 18 OK 19 OK 20 OK 21 OK 22 OK 23 OK 24 Subpart OP OP 1 MK 4(1)(h), (2)(e) MK 4(1)(g), (2)(d) MK 5(1)(a), (2)(a) MK 5(1)(b), (2)(b) MK 5(1)(c), (g), (2)(c) MK 5(1)(j), (2)(i) MK 5(1)(e), (2)(c) MK 5(1)(f), (2)(f) MK 5(1)(d), (2)(d), MK 7(5) MK 5(1)(h), (2)(g) MK 5(1)(i), (2)(h) MK 6, MK 7(1) MK 7(2)–(4) MK 8(1), (2), (6) MK 8(3), (4), (6) MK 8(5) MK 8(5B) ME 10, ME 25, MF 7, MG 13, MI 14 3501 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 OP 2 OP 3 OP 4 OP 5 OP 6 OP 7 OP 8 OP 9 OP 10 OP 11 OP 12 OP 13 OP 14 OP 15 OP 16 OP 17 OP 18 OP 19 OP 20
 3502 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 13, ME 27, MF 9, MG 16, MI 19 ME 10(1A), (1B), (1D) ME 10(1C) ME 12(1) ME 14(3) ME 11(1)(a), (2)(a) ME 11(1)(aa), (2)(aa) ME 11(1)(ab), (2)(ab) ME 11(1)(b), (2)(b) ME 11(1)(c), (2)(a) ME 11(1)(d), (2)(c) ME 11(1)(e), (2)(c) ME 11(1)(f), (2)(a) ME 11(1)(eb), (ec), (2)(cb) ME 11(1)(ed), (2)(cc) ME 11(1)(j), (2)(c) ME 11(1)(fb), (2)(fb) ME 11(1)(g), (2)(d) ME 11(1)(jb), (2)(eb) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OP 21 OP 22 OP 23 OP 24 OP 25 OP 26 OP 27 OP 28 OP 29 OP 30 OP 31 OP 32 OP 33 OP 34 OP 35 OP 36 OP 37 OP 38 OP 39 OP 40 ME 11(1)(k), (2)(d) ME 13(2), (3) ME 11(1A), (2A) ME 11(1)(i), (2)(e) ME 11(1B)(a), (2B)(a) ME 11(1B)(b), (2B)(b) ME 11(1B)(c), (2B)(c) ME 12(1)(a), (2)(a) ME 12(1)(c), (2)(c) ME 12(1)(d), (2)(d) ME 12(1)(l), (2)(k) ME 12(1)(da), (2)(da) ME 12(1)(db), (2)(da) ME 12(1)(f), (2)(d) ME 12(1)(f), (2)(d) ME 12(1)(m), (2)(k) ME 12(1)(k), (2)(j) ME 12(1)(n), (2)(l), (3), (4) ME 12(1)(ab), (2)(ab) ME 12(1)(ac), (2)(ac) 3503 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 OP 41 OP 42 OP 43 OP 44 OP 45 OP 46 OP 47 OP 48 OP 49 OP 50 OP 51 OP 52 OP 53 OP 54 OP 55 OP 56 OP 57 OP 58 OP 59 3504 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 12(1)(ad), (2)(ac) ME 12(1)(h), (2)(g), ME 13(2) ME 12(1)(e), (2)(e) ME 12(1)(b), (2)(b), ME 14(1) ME 41 ME 12(1)(i), (2)(h) ME 12(1)(j), (2)(h) ME 12(1A)(a), (2A) ME 12(1A)(b), (2A) ME 12(1A)(c), (2A) MG 13(1) MG 2(4), (5) MG 13(6), (7) MG 16(1) MG 16A(2) MG 14(1)(a), (2)(a) MG 14(1)(c), (2)(a) MG 14(1)(b), (2)(a) MG 14(1)(e), (2)(c), MG 16(2), (4) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless
 otherwise stated) OP 60 OP 61 OP 62 OP 63 OP 64 OP 65 OP 66 OP 67 OP 68 OP 69 OP 70 OP 71 OP 72 OP 73 OP 74 OP 75 OP 76 OP 77 OP 78 OP 79 MG 14(1)(bb), (2)(ab) MI 20(2) MG 14(1)(f), (2)(d) MG 14(1)(d), (2)(b) MG 15(1)(a), (2)(a) MG 15(1)(ab), (2)(ab) MG 15(1)(d), (2)(d) MG 15(1)(l), (2)(j) MG 15(1)(e), (2)(d) MG 15(1)(c), (2)(c) MI 20(1) MG 15(1)(k), (2)(i), MG 16(5) MG 15(1)(f), (2)(e) MG 15(1)(i), (2)(g) MG 15(1)(b), (2)(b) MG 15(1)(g), (2)(e) MG 15(1)(h), (2)(f) MG 15(1)(j), (2)(h) MI 14, MI 16 MI 19(1), (2) 3505 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OP 80 OP 81 OP 82 OP 83 OP 84 OP 85 OP 86 OP 87 OP 88 OP 89 OP 90 OP 91 OP 92 OP 93 OP 94 OP 95 OP 96 OP 97 OP 98 3506 MI 22(1) MI 17(1)(a), (2)(a) MI 17(1)(b), (2)(b) MI 17(1)(c), (2)(c) MI 17(1)(e), (2)(e), MI 19(3), (4) MI 17(1)(f), (2)(f), MI 20(1) MI 17(1)(d), (2)(d) MI 18(1)(a), (2)(a) MI 18(1)(g), (2)(g), MI 20(2) MI 18(1)(b), (2)(b) MI 19(5) MI 18(1)(e), (2)(e), (3), (4) MI 18(1)(c), (2)(c) MI 18(1)(d), (2)(d) MI 18(1)(f), (2)(f) MI 21 MI 22(4) MF 7(1), (2) MF 7(3), (4) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) OP 99 OP 100 OP 101 OP 102 OP 103 OP 104 OP 105 OP 106 OP 107 OP 108 OP 109 OP 110 OP 111 OP 112 OP 113 OP 114 OP 115 MF 9 MF 8(2)(a), (3)(a) MF 8(2)(c), (3)(b), MF 10(4)–(6) MF 8(2)(c), (3)(b), MF 10(4), (5), (6) MF 8(2)(d), (3)(c) MF 8(2)(e), (3)(d) MF 8(4)(a), (5)(a) MF 8(4)(b), (5)(b), MF 10(1) MF 8(4)(c), (5)(c) MF 8(4)(d), (5)(d) ME 25 ME 26(2)(a), (3)(a) ME 26(2)(b), (3)(b) ME 26(2)(c), (3)(c), ME 27(1), (3) ME 26(2)(d), (3)(d) ME 26(2)(e), (3)(d) ME 26(4)(a), (5)(a), ME 28(1), (2) 3507 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 OP 116 Subpart OZ OZ 1 OZ 2 OZ 3 OZ 4
 OZ 5 OZ 6 PART R Subpart RA RA 1 RA 2 RA 3 RA 4 RA 5 RA 6 RA 7 3508 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) ME 26(4)(b), (5)(b), ME 28(3), (4) ME 4(1)(a)(viii) ME 5(1)(e)(i) ME 5(1)(n) ME 5(4), MG 5(4) MJ 1(2), MJ 4 MJ 7 new MB 12, NC 2(1), ND 1W(2), NE 7(2), NF 13, NG 17(2), NH 3(7) BC 9, MC 1 BB 2(3), MB 4 BE 1(1), (4), (5), NC 15, ND 1, NE 3 NF 4, NG 11, NH 3 MH 1 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 RA 8 RA 9 RA 10 RA 11 RA 12 RA 13 RA 14 RA 15 RA 16 RA 17 RA 18 RA 19 RA 20 RA 21 RA 22 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NC 16, NE 2A(1), (2), NF 3, NG 12 NC 19, NE 6, NF 12, NG 15 NC 5(2), NC 16, NC 20(1), ND 1, ND 1W(2), NE 5, NF 3, NF 4, NF 13, NG 12, NG 13 NF 6(1), NG 16A(1) NF 6(2)–(4), NF 7(1), (2), NG 16A(2), (3) MC 1 MB 8(1), (2) NC 15, ND 9(2), (3), ND 10, ND 13, ND 14, NE 4, NF 4, NG 11, NH 3 NF 4(5), NG 11(4) NF 4(6) NF 4(6B), NG 11(4B) NBA 7, ND 10(4)(a), NF 7, NG 16, NH 4 NC 15(7), ND 13(8), ND 14(8), NH 4(8) NC 21, ND 1F NC 20 3509 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 RA 23 Subpart RB RB 1 RB 2 RB 3 RB 4 Subpart RC RC 1 RC 2 RC 3 RC 4 RC 5 RC 6 RC 7 RC 8 RC 9 RC 10 RC 11 RC 12 3510 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NE 7, NG 17(1) MC 1 BC 1 BC 7, NG 3 MD 1(3), (3A) MB 1 OB 1 provisional tax rules MB 2, OB 1 provisional tax rules MB 3 MB 4 MB 5 MB 6 MB 7 MB 8 MB 9 MB 10 MB 12 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RC 13 RC 14 RC 15 RC 16 RC 17 RC 18 RC 19 RC 20 RC 21 RC 22 RC 23 RC 24 RC 25 RC 26 RC 27 RC 28 RC 29 RC 30 RC 31 RC 32 MB 13 MB 14 MB 16 MB 15(1)–(4), (11) MB 15(5)–(10) MB 17 MB 18 MB 19 MB 20 MB 21 MB 22 MB 23 MB 24 MB 25 MB 27 MB 29 MB 30 MB 31 MB 32 MB 33
 3511 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RC 33 RC 34 RC 35 RC 36 RC 37 RC 38 RC 39 RC 40 Subpart RD RD 1 RD 2 RD 3 RD 4 RD 5 RD 6 RD 7 RD 8 RD 9 3512 MB 34 MB 35 MB 37 MB 38 MBB 2(1)(a), (d) MBB 2(1)(b), (c), (2)–(4) MBB 3 MBB 4 new NC 15(4), OB 1 PAYE rules NC 1(2), OB 2 NC 15(1), NC 16 OB 1 salary or wages NC 4 OB 1 extra pay NC 21(f)–(h), Income Tax (Withholding Payments) Regulations 1979, regulations 2, 4, 6–8 NC 6(1A), (3) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 RD 10 RD 11 RD 12 RD 13 RD 14 RD 15 RD 16 RD 17 RD 18 RD 19 RD 20 RD 21 RD 22 RD 23 RD 24 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NC 6, NC 8(1A), Income Tax (Withholding Payments) Regulations 1979, regulation 3 NC 6(1C), (1D), NC 13 NC 10 NC 11 NC 12 NC 2(2)–(4) NC 2(1) NC 2(5) NC 7(2) Income Tax (Withholding Payments) Regulations 1979, regulations 10, 11 Income Tax (Withholding Payments) Regulations 1979, regulation 12 NC 5 NC 15(1), (5), (6) NC 18 NC 18(1), Income Tax (Withholding Payments) Regulations 1979, regulation 5(3) 3513 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RD 25 RD 26 RD 27 RD 28 RD 29 RD 30 RD 31 RD 32 RD 33 RD 34 RD 35 RD 36 RD 37 RD 38 RD 39 RD 40 RD 41 RD 42 RD 43 RD 44 3514 OB 1 FBT rules ND 1(1)–(3) ND 1A(1), ND 1L ND 1A(1)–(1D) ND 1A(2)–(6) ND 1AB ND 1B(1)–(6) ND 1B(7) ND 1C ND 1D, ND 1G ND 1DB ND 1E ND 1H ND 1I ND 1IB, ND 8B ND 1J ND 1K ND 1N ND 1O ND 1P(2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RD 45 RD 46 RD 47 RD 48 RD 49 RD 50 RD 51 RD 52 RD 53 RD 54 RD 55 RD 56 RD
 57 RD 58 RD 59 RD 60 RD 61 RD 62 RD 63 ND 1Q ND 1R ND 3(1), (1A) ND 3(2) ND 3(4)–(7), ND 4, ND 16 ND 5(3)–(6) ND 5(1), (2), ND 7, ND 7A ND 5A ND 6 GC 15(3), (4), ND 1S ND 1T ND 1U ND 1V ND 1(2)(b), (4), ND 2(2) ND 1(2)(a), ND 10(1), ND 2(1)–(4) ND 1(2)(c), (5), ND 14, ND 15(7), (8) ND 1(2)(c), (4), (5), ND 13 ND 2(4), ND 14(2B), ND 15 ND 8 3515 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 RD 64 RD 65 RD 66 RD 67 RD 68 RD 69 RD 70 RD 71 RD 72 Subpart RE RE 1 RE 2 RE 3 RE 4 RE 5 RE 6 RE 7 RE 8 3516 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NE 1, OB 1 SSCWT rules NE 2(2), NE 3, NE 3B, NE 6, OB 1 employer’s superannuation contribution, speciﬁed superannuation contribution OB 1 complying fund rules NE 2 NE 2A(1), (2) NE 2B NE 5 NE 6 NEA 1 OB 1 RWT rules NF 1(2), (4), (5) NF 2(1A), (1AB) NF 2(3), (4) NF 2(7) NF 2(8) NF 3(1), (2) NF 3(1) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RE 9 RE 10 RE 11 RE 12 RE 13 RE 14 RE 15 RE 16 RE 17 RE 18 RE 19 RE 20 RE 21 RE 22 RE 23 RE 24 RE 25 RE 26 RE 27 RE 28 NF 3(3)–(5) NF 2(5) NF 2B NF 2(1)(a) NF 2(1)(b) NF 2(1)(c), (2) NF 2(1)(d) NF 2(1)(e), (f) NF 2(1)(g) NF 2(1B) NF 2A(1), (3), NF 2D(1), (3) NF 4(1), (2) NF 4(1)–(5), (7), (8) NF 5 NF 8(1) NF 8A(1) NF 8B NF 4(9) NF 9(1), NF 11(1), (2) NF 4(6) 3517 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RE 29 RE 30 Subpart RF NF 2(7) NF 10 RF 1 RF 2 RF 3 RF 4 RF 5 RF 6 RF 7 RF 8 RF 9 RF 10 RF 11 RF 12 RF 12B RF 12C RF 13 RF 14 3518 OB 1 NRWT rules NG 1(2)–(4), NG 3, NG 4 NG 8(1) NG 8(2), (3) NF 2(6) NG 13 NG 2(1)(c) NG 2(1)(a) NG 2(3), (4), OB 1 fully conduit tax relief credited NG 2(1)(b)(ii), NG 9 NG 14 NG 2(1)(b)(i), (ib), (iii) NG
 2(1)(ab) NG 2(1)(b)(iii) NG 11(1)–(3) NG 2(2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 RF 15 Subpart RG RG 1 RG 2 RG 3 RG 4 RG 5 RG 6 RG 7 Subpart RM RM 1 RM 2 RM 3 RM 4 RM 5 RM 6 RM 7 RM 8 RM 9 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NG 10 OB 1 dividend withholding payment rules NH 1(2) NH 1(1), NH 3(1) NH 2(1) NH 2(2), (3) NH 3(2)–(4) NH 7 new MD 1(1) NH 4(1) MD 1(2) MD 1(1A) MD 1(2B), NH 3(7) NBA 7 MD 1(4)(b), (c), NF 7(1), (2), (5), NG 16(1), (1A) ND 10(4)(a) 3519 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 RM 10 RM 11 RM 12 RM 13 RM 14 RM 15 RM 16 RM 17 RM 18 RM 19 RM 20 RM 21 RM 22 RM 23 RM 24 RM 25 RM 26 RM 27 RM 28 RM 29 3520 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) MD 1(3), (3A), MD 1(4) MB 11 MB 36 MD 2(1), (1A) MD 2(2) MD 2(3), (4) MD 2(5), (5A) MD 2(6) NH 4(2), (3) NH 4(4)(a) NH 4(4)(b) NH 4(5), (6) MD 2B(1), (1B) MD 2B(2) MD 2B(3) MD 2B(4), (4B) MD 2B(5) MD 2B(6) MD 3(1) MD 3(2) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) RM 30 RM 31 RM 32 RM 33 Subpart RP RP 1 RP 2 RP 3 RP 4 RP 5 RP 6 RP 7 RP 8 RP 9 RP 10 RP 11 RP 12 RP 13 RP 14 RP 15 MD 3(3) MD 3(4) MD 2(7) MD 2A MBA 1 NBA 1, NBA 8, NBB 7(3) NBB 3 NBB 1, NBB 6 NBB 5(4), (5) NBA 6 NBA 4(2), (3) NBA 4(1B) NBA 4(1)(a) NBA 4(1)(b)(i), (ii) NBA 4(1)(b)(iii) NBA 4(4) NBA 5(1), (2) NBA 5(1) NBA 5(1B) 3521 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) NBA 5 MBA 2 MBA 3, MBA 4(3), MBA 5(1)–(4) MBA 6(1)–(3) MBA 6(4)–(9) MBA 7 MZ 8 MZ 9 MZ 10 MZ 11 MZ 12 MD 2(5)(a)(ii), MD 3(4)(a) IZ 3 IZ 1, IZ 2, IZ 4 IZ 6 IZ 5 RP 16 RP 17 RP 18 RP 19 RP 20 RP 21 Subpart RZ RZ 1 RZ
 2 RZ 3 RZ 4 RZ 5 RZ 6 RZ 7 RZ 8 RZ 9 RZ 10 PART Y Subpart YA 3522 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) YA 1 association HF 1(9) association YA 1 business (b) OC 1(2)(c), OC 3(b) YA 1 charitable purpose OB 3A YA 1 company (d), (e) OC 1(2)(a), OC 3(a) YA 1 cost YA 1 CTR company YA 1 grey list company YA 1 identical goods YA 1 member YA 1 minor ND 1P(1) MI 16 EX 24 ND 1M HF 1(9) member HH 3F(2) YA 1 policyholder loss II 2 YA 1 price YA 2 YA 3 Subpart YB YB 1 YB 2 ND 1P(1) HG 12(2), IZ 7, MB 12, ME 9(6), MI 10(5), MI 21(5), MK 8(6), NC 20(1), ND 1W(2), NE 7(2), NF 13, NG 17(2), NH 3(7), OB 6 OB 6(2), (3) new OD 7(1)(a), (2), (3), OD 8(1)(a), (2), (3)(a)(i), (3A), (4)(a)(i), (6) 3523 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) YB 3 YB 4 YB 5 YB 6 YB 7 YB 8 YB 9 YB 10 YB 11 YB 12 YB 13 YB 14 YB 15 YB 16 YB 17 YB 18 3524 OD 8(3)(a)(ii), (3A) OD 8(3)(c), (3A) OD 7(1)(b), (2), OD 8(4)(b)(i) OD 8(4)(b) OD 8(3)(b) OD 8(1)(b), (2)(b), (c) OB 1 relative, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OB 1 relative, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OB 1 relative, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OB 1 relative, OD 7(1)(c), OD 8(1)(c), (3)(d), (4)(c) OD 8(1)(g), (3)(g) OD 8(1)(f), (3)(h) OD 8(3)(i) OD 7(1)(d)(i), OD 8(1)(d), (3)(e), (4)(d) OD 7(1)(d)(ii), OD 8(1)(e), (3)(f), (4)(e) OD 8(3)(j) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) YB 19 YB 20 YB 21 Subpart YC YC 1 YC 2 YC 3 YC 4 YC 5 YC 6 YC 7 YC 8 YC 9 YC 10 YC 11 YC 12 YC 13 YC 14 YC 15 YC 16 OD 8(1)(h) OD 8(1), (3), (4) HH 1(1), OD 9 OD 1 OD 3(1), (2) OD 4(1), (2) OD 3(3)(d), OD 4(3)(d), (4) OD 3(3)(a), OD 4(3)(a)
 OD 3(3)(c), OD 4(3)(c) OD 5(1) OD 5(2) OD 5(3), (4) OD 5(5) OD 5(6) OD 5(5A)–(5C) OD 5(6A)–(6F) OD 5(7) OD 5(8) OD 5(9) 3525 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) YC 17 YC 18 YC 19 YC 20 Subpart YD YD 1 YD 2 YD 3 YD 4 YD 5 YD 6 YD 7 YD 8 YD 9 YD 10 YD 11 Subpart YE YE 1 Subpart YF YF 1 3526 OD 5A OD 5AA OD 5B OD 6 OE 1 GC 9(6), OE 2(1), (1B) OE 2(2)–(6) FB 2(2) FB 2(1A) FC 18, FC 19 FC 21 FC 13, FC 14(1) OE 8 OE 7(1), (2) OE 7(3)–(5) OF 1 new Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Subpart YZ YZ 1 PART Z ZA 1 ZA 2 ZA 3 ZA 4 ZA 5 ZA 6 Schedules Schedule 1 Schedule 2 Schedule 3 Schedule 4 Schedule 5 Schedule 10 Schedule 11 Schedule 12 OE 4(1A) YA 1 YA 2 YA 3 YA 4 YA 5 YA 6 schedule 1, schedule 14, schedule 2 part B schedule 19 schedule 13 Income Tax (Withholding Payments) Regulations 1979 , schedule GC 16, schedule 2 part A schedule 10 schedule 11B schedule 11 3527 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 B—continued Provision Income Tax Act 2007 Corresponding provision in Income Tax Act 2004 (unless otherwise stated) Schedule 13 Schedule 14 Schedule 17 Schedule 18 Schedule 19 Schedule 20 Schedule 24 Schedule 25 Schedule 26 Schedule 27 Schedule 31 Schedule 32 Schedule 36 Schedule 37 Schedule 48 Schedule 49 Schedule 50 Schedule 51 Schedule 52 schedule 16 schedule 17 schedule 8 schedule 9 schedule 6B schedule 7 schedule 3 schedule 4 schedule 5 schedule 6 schedule 12 KC 5(1)(ae)–(cp) schedule 18 schedule 15 schedule 20 schedule 21 schedule 22 schedule 22A schedule 23 Schedule 52 Part B: amended, on 1 April 2008, by section 593(14) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
3528 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 B—continued Schedule 52 Part B: amended, on 1 April 2008, by section 593(15) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(16) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 Part B: amended, on 1 April 2008, by section 593(17) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(18) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(19) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 Part B: amended, on 1 April 2008, by section 593(20) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(21)(a) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(21)(b) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 Part B: amended, on 1 April 2008, by section 593(22) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(23) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(24) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Schedule 52 Part B: amended, on 1 April 2008, by section 593(25) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

Schedule 52 Part B: amended, on 1 April 2008, by section 593(26) of the Taxation (Inter- national Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
C New TAA provisions New section in TAA 1994 TAA 15C TAA 15D TAA 15E TAA 15F From section in ITA 2004 (unless otherwise stated) NBA 1, NBB 3 NBA 2(1)(a)–(c), (2), (3) NBA 2(4) NBA 2(1)(c) 3529 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 C—continued New section in TAA 1994 From section in ITA 2004 (unless otherwise stated) TAA 15G TAA 15H TAA 15I TAA 15J TAA 15K TAA 15L TAA 15M TAA 15N TAA 15O TAA 15P TAA 15Q TAA 15R TAA 15S TAA 15T TAA 24B TAA 24C TAA 24D TAA 24E TAA 24F TAA 24G TAA 24H 3530 NBB 2 NBB 4(1) NBB 4(2)–(5) NBA 3, NBA 8, NBB 7(1), (2) NBA 5(3) NBA 5(4) NBB 3(2), NBB 5(1), (3) MBA 3(1) MBA 4(5), (6) MBA 4(1), (2), (4) MBA 3(1)(d) MBA 3 MBA 8 NF 2AA NC 8(1), (1AA) NC 8(1) proviso NC 8(9A) NC 8(12) NC 14 NC 12A NC 8(7), NC 9 Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 C—continued New section in TAA 1994 TAA 24I TAA 24J TAA 24K TAA 24L TAA 24M TAA 24N TAA 24O TAA 24P TAA 32E TAA 32F TAA 32G TAA 32H TAA 32I TAA 32J TAA 32K TAA 32L TAA 32M(1) From section in ITA 2004 (unless otherwise stated) NC 8(2)–(4), (11), NC 8A NC 15(1), (2), (2B) NF 8(2)–(4), NF 8A(2)–(3) NC 7(1) Income Tax (Withholding Payments) Regulations 1979, reg 5 Income Tax (Withholding Payments) Regulations 1979, reg 6A Income Tax (Withholding Payments) Regulations 1979, reg 12A NC 7(3), NC 8(10), NC 15(3) NF 9(1)–(3) NF 9(8), (10) NF 9(6), (7), (9)–(11) NF 9(4), (5) NF 9(12)–(14) NF 10(1)(a), (d), (3) NF 11(1) NF 11(2)–(9) NG 5 3531 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 C—continued New section in TAA 1994 From section in ITA 2004 (unless otherwise stated) TAA 32M(2) TAA 32M(3)–(5) NG 6 NG 7 TAA 32N TAA 46B TAA 46C TAA 46D TAA 46E TAA 71B TAA 78B TAA 78C TAA 78D TAA 78E TAA 78F TAA 80KA TAA 80KB TAA 80KC TAA 80KD TAA 80KE TAA 80KF 3532 NH 2(4), NH 3(6) ND 2(3), ND 9, ND 10(2)–(5), ND 11, ND 12 ND 13(5), (6), ND 14(5), (6) ND 15(7), (8) ND 1(6) NH 4(5)(b), (c) LC 13(1) LC 13(2) LB 2(4), LD 3(4), LD 3A(5), LD 8(3), LD 9(4) LF 6(4) LF 6(6) KD 5(1B)–(1C) KD 5(2)–(2AB) KD 5(3), (3A)
 KD 5(4), (5)(a) KD 5(11) KD 5(2A), (5)(b), (7) Reprinted as at 2 December 2011 Income Tax Act 2007 Schedule 52 C—continued New section in TAA 1994 From section in ITA 2004 (unless otherwise stated) TAA 80KG TAA 80KH TAA 80KI TAA 80KJ TAA 80KK TAA 80KL TAA 80KM TAA 80KN TAA 80KO TAA 80KP TAA 80KQ TAA 80KR TAA 80KS TAA 80KT TAA 80KU TAA 80KV TAA 80KW TAA 90AF TAA 90AG TAA 92AB TAA 93B KD 5(9) KD 5(10), (12) KD 7(1) KD 7(3) KD 7(2B), (2C) KD 7(4) KD 7(2), (2A) KD 6(1) KD 6(1A) KD 6(1B) KD 6(1C) KD 6(1D) KD 6(2), (3) KD 6(4) KD 7(3A), (3B), (3C) KD 4(5) KD 7A GC 22(3), (7), (8) GC 27A(4), (7)–(9) HG 8 HH 7 3533 Schedule 52 Income Tax Act 2007 Reprinted as at 2 December 2011 C—continued New section in TAA 1994 TAA 93C TAA 104B From section in ITA 2004 (unless otherwise stated) LC 4(1C) ME 20, ME 40, MF 6, MG 12, MI 12, MJ 8, MK 9 TAA 120OE(1)–(3) MBA 5(5), (6) TAA 120OE(4)–(5) TAA 165B TAA 166B TAA 225AA TAA 225B MBA 9 NG 16(5) HK 18 OC 4 LC 1A(1), (2) 3534 Reprinted as at 2 December 2011 Income Tax Act 2007 Taxation (Limited Partnerships) Act 2008 Public Act Date of assent Commencement 2008 No 2 13 March 2008 see section 2 1 2 4 (1) (2) 5 (1) (2) 6 (1) (2) Title This Act is the Taxation (Limited Partnerships) Act 2008.
Commencement This Act comes into force on 1 April 2008.

Part 1 Amendments to Income Tax Act 2007 New section CB 27B Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section CB 35 added Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Meaning of asset for sections CU 3 to CU 10 Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
3535 7 (1) (2) 8 (1) (2) 9 (1) (2) 10 (1) (2) 11 (1) (2) Income Tax Act 2007 Reprinted as at 2 December 2011 Amount treated as repayment for purposes of section CU 17: net income Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section CW 55B added Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section CX 62 added Amendments incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
New heading and section DV 20 added Amendments incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New section DO 11B inserted Amendment incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

12 Meaning of asset for sections DU 1 to DU 7 Amendment incorporated in the principal Act.
(1) 3536 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) 13 (1) (2) 14 (1) (2) 15 (1) (2) 16 (1) (2) 17 (1) (2) For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Financial arrangements, income, and expenditure relevant to criteria Amendment incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Section EX 13 repealed Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
Cash basis holder Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

Attribution rule: calculation Amendment incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New heading and section GB 50 added Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, 3537 Income Tax Act 2007 Reprinted as at 2 December 2011 subsection (1) applies for income years starting on and after 1 April 2008.

Section HD 20 replaced Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New subpart HG Amendments incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.
Section HR 1 repealed Amendment incorporated in the principal Act.

For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

New sections HZ 3 and HZ 4 Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

18 (1) (2) 19 (1) (2) 20 (1) (2) 21 (1) (2) 22 When unincorporated bodies hold certiﬁcates (1) (2) Amendment incorporated in the principal Act.
For a person who is not a limited partner in a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

3538 Reprinted as at 2 December 2011 Income Tax Act 2007 Deﬁnitions 23 This section amends section YA 1.

(1) Amendment incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendment incorporated in the principal Act.


(5) Amendment incorporated in the principal Act.

(6) Amendment incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendment incorporated in the principal Act.

(10) Amendment incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendment incorporated in the principal Act.

(13) Amendments incorporated in the principal Act.

(14) Amendment incorporated in the principal Act.


(15) For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (2) to (14) apply for income years starting on and after 1 April 2008.

24 (1) (2) (3) 25 (1) (2) (3) Partnerships: partnership and partner Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

Partnerships: partnership and associate of partner Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

3539 Income Tax Act 2007 Reprinted as at 2 December 2011 26 (1) (2) (3) Classes of income treated as having New Zealand source Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.
3540 Reprinted as at 2 December 2011 Income Tax Act 2007 Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 Public Act Date of assent Commencement 2008 No 36 29 May 2008 see section 2 1 2 (1) (2) (3) (4) Title This Act is the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008.

Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.
In Part 1, other than sections 3, 4, 9 and 11,— (a) the subsections (1) of the sections are treated as coming into force on 1 April 2008: the subsections (2) of the sections come into force on 1 April 2009: the subsections (3) of the sections come into force on 1 April 2010: the subsections (4) of the sections come into force on 1 April 2011.
(b) (c) (d) subsection (1) comes into force on 1 July 2008: subsection (2) comes into force on 1 April 2009: subsection (3) comes into force on 1 April 2010: subsection (4) comes into force on 1 April 2011.

In Part 1, 11,— (a) (b) (c) (d) In Part 2, other than sections 12 and 17,— (a) the subsections (1) of the sections come into force on 1 October 2008: the subsections (2) of the sections come into force on 1 April 2010: the subsections (3) of the sections come into force on 1 April 2011.
(b) (c) (5) In Part 3,–– 3541 Income Tax Act 2007 Reprinted as at 2 December 2011 (a) (b) (c) (d) (e) Sections 59 and 60 are treated as coming into force on 19 December 2007: Sections 24, 25, 26(1), 27, 28, 29, 30, 32, 33, 34, 35, 36, 37, 38, 43, 44, 45, 46, 48(2) and (3)(a), 49, 50, 56, and 58are treated as coming into force on 1 April 2008: Sections 20, 21, 22, 23, 31, 48(4) and (5), 55, and 57 come into force on 1 July 2008: Sections 39, 40, 41, 42, 47, 51, and 52 come into force on 1 October 2008: Section 26(2) comes into force on 1 April 2009.
Part 1 Personal tax cuts and Working for Families tax credit increase: 2008–09 start Application In this Part, other than sections 4 and 9,— (a) the subsections (1) of the sections apply for the 2008–09 income year and later income years: the subsections (2) of the sections apply for the 2009–10 income year and later income years: the subsections (3) of the sections apply for the 2010–11 income year and later income years: the subsections (4) of the sections apply for the 2011–12 income year and later income years.
(b) (c) (d) Part 3 Annual rates, consequential personal tax cuts amendments, and remedial matters Amendments to Income Tax Act 2007 Heading and section LC 1 repealed Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Section LC 2 repealed Amendment incorporated in the principal Act.
3 24 (1) (2) 25 (1) 3542 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) 26 (1) (2) (3) (4) 27 (1) (2) 28 (1) (2) 29 (1) (2) 30 (1) (2) (3) 32 (1) (2) Subsection (1) applies for the 2008–09 income year and later income years.

Child’s income Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Subsection (2) applies for the 2009–10 income year and later income years.
Tax credits for absentees Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Adjustment for change in return date Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Adjustment when person is non-resident for part of tax year Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
Adjustment when person is non-resident Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.

Tax credits for supplementary dividends Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
3543 Income Tax Act 2007 Reprinted as at 2 December 2011 33 (1) (2) New sections MF 4B and MF 4C Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year.

34 Meaning of net family scheme income (1) (2) Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.

Calculation of maximum permitted ratios Amendment incorporated in the principal Act.
Subsection (1) applies for the 2008–09 income year and later income years.

Tax credits for non-resident investors Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.

Payment dates for terminal tax Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
Calculation of all-inclusive pay Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.

Resident passive income Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 income year and later income years.
36 (1) (2) 37 (1) (2) (3) 38 (1) (2) 43 (1) (2) (3) 44 (1) (2) (3) 3544 Reprinted as at 2 December 2011 Income Tax Act 2007 47 (1) (2) 48 (1) (2) (3) (4) (5) (6) 49 (1) (2) New sections RZ 5B and RZ 5C Amendments incorporated in the principal Act.

Subsection (1) applies for provisional tax instalments payable on or after 1 October 2008.

Deﬁnitions This section amends section YA 1.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (2) and (3)(a) apply for the 2008–09 income year and later income years.

Treatment of qualifying company election tax, FBT, FDP penalty tax, imputation penalty tax, and withdrawal tax Amendment incorporated in the principal Act.

Subsection (1) applies for the 2008–09 income year and later income years.
3545 Income Tax Act 2007 Reprinted as at 2 December 2011 Income Tax (Minimum Family Tax Credit) Order 2008 (SR 2008/384) Anand Satyanand, Governor-General Order in Council At Wellington this 6th day of October 2008 Present: His Excellency the Governor-General in Council Pursuant to section MF 7(1)(d) of the Income Tax Act 2007, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.
Order Title This order is the Income Tax (Minimum Family Tax Credit) Order 2008.

Commencement This order comes into force on 1 April 2009.

Increase of prescribed amount in formula for minimum family tax credit Amendment incorporated in the principal Act.

Subclause (1) applies in respect of the 2009–10 tax year and later tax years.

Rebecca Kitteridge, Clerk of the Executive Council.

1 2 3 (1) (2) 3546 Reprinted as at 2 December 2011 Income Tax Act 2007 Date of notiﬁcation in Gazette: 9 October 2008.
3547 Income Tax Act 2007 Reprinted as at 2 December 2011 Taxation (Urgent Measures and Annual Rates) Act 2008 Public Act Date of assent Commencement 2008 No 105 15 December 2008 see section 2 Title This Act is the Taxation (Urgent Measures and Annual Rates) Act 2008.

Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.
In Part 1, other than sections 3, 4, and 15,— (a) the subsections (1) of the sections come into force on 1 April 2009: the subsections (2) of the sections come into force on 1 April 2010: the subsections (3) of the sections come into force on 1 April 2011.
(b) (c) In Part 2,–– (a) sections 24, 27, and 28 are treated as coming into force on 19 December 2007: section 19(1)(a) and (b) is treated as coming into force on 1 April 2008: sections 19(1)(c), 21, 25, and 26 come into force on 1 April 2009: sections 19(1)(d), 20(2) to (7), and 22 come into force on 1 October 2009.
(b) (c) (d) In Part 3,–– (a) sections 33(1) and 40 are treated as coming into force on 1 April 2008: section 41 is treated as coming into force on 29 May 2008: sections 34 and 35 are treated as coming into force on 1 October 2008: 1 2 (1) (2) (3) (4) (b) (c) 3548 Reprinted as at 2 December 2011 Income Tax Act 2007 (d) sections 29, 31, 33(2), 36(2), 37, and 39 come into force on 1 April 2009: section 32 comes into force on 1 April 2010.
(e) In Part 4, sections 43, 44, 45, 46, 48, 50, 52, 53, 54, 55, 56(2) and (3), 57, and 58 come into force on 1 April 2009.

Part 2 Research and development tax credits repeal Amendments to Income Tax Act 2007 Subpart LH—Tax credits for expenditure on research and development Amendments incorporated in the principal Act.

Subsection (1)(a) and (b) applies for the 2008–09 income year and later income years.

Subsection (1)(c) applies for the 2009–10 income year and later income years.
Some deﬁnitions Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.
(5) 19 (1) (2) (3) 21 (1) (2) Part 3 Annual rates, independent earner tax credit, and consequential personal tax cuts amendments Annual rates of income tax for 2009–10 tax year 29 (1) (2) Rates of income tax for 2009–10 tax year Income tax imposed by section BB 1 of the Income Tax Act 2007 must, for the 2009–10 tax year, be paid at the basic rates speciﬁed in schedule 1 of that Act.

Section 61 of the Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 is repealed.
3549 Income Tax Act 2007 Reprinted as at 2 December 2011 Taxation (Business Tax Measures) Act 2009 Public Act Date of assent Commencement 2009 No 5 30 March 2009 see section 2 Title This Act is the Taxation (Business Tax Measures) Act 2009.

Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.

In Part 1, the sections, other than sections 3 and 24, come into force on 1 April 2009.
In Part 2,–– (a) section 32 is treated as coming into force on 19 Decem- ber 2007: sections 29(1), 30(1), and 31(1) come into force on 1 April 2009: sections 29(2), 30(2), and 31(2) come into force on 1 April 2010.

(b) (c) Part 1 Business tax measures Amendments to Income Tax Act 2007 New heading and new section DB 62 Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.
Valuing closing stock under $5,000 Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2009–10 income year and later income years.

1 2 (1) (2) (3) 4 (1) (2) 5 (1) (2) (3) 3550 Reprinted as at 2 December 2011 Income Tax Act 2007 6 (1) (2) 7 (1) (2) 8 (1) (2) (3) 9 (1) (2) 10 (1) (2) 11 (1) (2) (3) (4) (5) When use of spreading method not required Amendment incorporated in the principal Act.
Subsection (1) applies for the 2009–10 income year and later income years.

Straight-line method Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Consistency of use of straight-line method and market valuation method Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2009–10 income year and later income years.
Section EW 54 replaced Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Section EW 56 repealed Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Thresholds Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.


Subsections (1) to (3) apply for the 2009–10 income year and later income years.

3551 Income Tax Act 2007 Reprinted as at 2 December 2011 Financial arrangements, income, and expenditure relevant to criteria Amendment incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (4) apply for the 2009–10 income year and later income years.

Section EW 59 replaced Amendment incorporated in the principal Act.

Subsection (1) applies for the 2009–10 income year and later income years.

Trustee of deceased’s estate Amendment incorporated in the principal Act.

Amendment incorporated in the principal Act.

Subsections (1) and (2) apply for the 2009–10 income year and later income years.
Part 2 Minor remedial matters Amendments to Income Tax Act 2007 Employer’s liability for attributed beneﬁts Amendment incorporated in the principal Act.

In section RD 50(5), “61.29%” is replaced by “58.73%”.

Subsection (1) applies for the 2009–10 income year and later income years.

Subsection (2) applies for the 2010–11 income year and later income years.

Calculation for certain employees when information lacking Amendment incorporated in the principal Act.
In section RD 52(3)(b), “61.29%” is replaced by “58.73%”.

12 (1) (2) (3) (4) (5) 13 (1) (2) 14 (1) (2) (3) 29 (1) (2) (3) (4) 30 (1) (2) 3552 Reprinted as at 2 December 2011 Income Tax Act 2007 (3) (4) 31 (1) (2) (3) (4) Subsection (1) applies for the 2009–10 income year and later income years.

Subsection (2) applies for the 2010–11 income year and later income years.

Pooling non-attributed beneﬁts Amendment incorporated in the principal Act.

In section RD 53(4)(a), “61%” is replaced by “59%”.
Subsection (1) applies for the 2009–10 income year and later income years.

Subsection (2) applies for the 2010–11 income year and later income years.

3553 Income Tax Act 2007 Reprinted as at 2 December 2011 Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 Public Act Date of assent Commencement 2009 No 34 6 October 2009 see section 2 Title This Act is the Taxation (International Taxation, Life Insur- ance, and Remedial Matters) Act 2009.
Commencement This Act comes into force on the day on which it receives the Royal assent, except as provided in this section.

Sections 74, 108, 319, 320, 322, 323, 502, 510, 546, 549, 557(26), (45), (53), (132), (145), and (147), 605(1), and (3), 606, 610, 682, 862, and 863 are treated as coming into force 3 months after this Act receives the Royal assent.
Section 704(5) is treated as coming into force— (a) in relation to the Parliamentary Service, on 1 October 1986: in relation to the Ofﬁce of the Clerk of the House of Representatives, on 1 August 1988.

(b) Section 855 is treated as coming into force on 1 April 1993.

Section 850 is treated as coming into force on 1 April 1995.

Sections 851 and 860 are treated as coming into force on 1 April 1997.

Sections 847, 848, 849, 852, 853, 854, and 856 are treated as coming into force on 1 October 2001.
Sections 628(1), 646(1) and (4), 647(1), (3), and (6), 712, 735, 736, 738, 741, 742, 743, 746, 747, 748, 749, 750, 751, 754, 759, 760, 761, 764(2), 767, 769, 770, 771, 772, 773, 789(2) and (4), 832, 844(2), (9), (15), (23), (25), (31), and (33), 845, 858(1) and (3), and 864 are treated as coming into force on 1 April 2005.

1 2 (1) (2) (3) (4) (5) (6) (7) (8) 3554 Reprinted as at 2 December 2011 Income Tax Act 2007 (9) Section 647(2) is treated as coming into force on 1 October 2005.
(10) Sections 744, 768, and 844(3), (13), (14), (22), and (32) are treated as coming into force on 1 April 2006.

(11) Sections 646(2) and 647(4) are treated as coming into force on 3 April 2006.

(12) Sections 706, 739, 779, 780, 781, 782, 783, 784, 785, 786, 787, 788, 789(1) and (3), 793, 794, 795, 796, 797, 798, 799, 800, 801, 802, 819(2), 841, and 844(8), (11), (18), (21), and (35) are treated as coming into force on 1 April 2007.

(13) Section 684 is treated as coming into force on 17 May 2007.
(14) Sections 720, 731, 733(2) and (4), and 844(6) and (17) are treated as coming into force on 1 July 2007.

(15) Sections 612, 625, 675, 677, 756, 808, 809, 811, 812, 813, 814, 815, 816, 817, 818, 819(1), 820, 821, 822, 823, 824, 825, 826, 827, 828, 829, 833, 834, 835, 836, 837, 838, 839, 840, 842, 843, and 844(26) are treated as coming into force on 1 October 2007.

(16) Section 764(1) and (3) is treated as coming into force on 1 December 2007.
(17) Sections 638(2), 757, 830, and 831 are treated as coming into force on 19 December 2007.

(18) Section 758 is treated as coming into force on 1 January 2008.

(19) Section 737, 740, 755, 762, 790, 791, 792, 803, 804, 805, 806, 807, 810, and 844(4), (5), (7), (10), (12), (16), and (27) to (30) are treated as coming into force on 25 February 2008.

(20) Section 763 is treated as coming into force on 4 March 2008.
(21) Sections 5(1), (2), (4), (5), and (7), 11, 12, 15(1)(b), 16, 18, 19(1), (2), (3) and (5), 20(3), 24, 25, 26, 32, 34, 35, 36, 37, 38, 41(1) and (2), 42, 43, 44, 45, 47, 48, 52, 53, 54, 56(1) and (4), 60, 62, 68, 72, 73(3), 76, 81, 82, 83, 84, 85, 93, 96(1) and (3), 97, 98(1), (3), and (4), 99, 100, 101, 102(1), (3), (5), and (7), 103(1), (3), and (5), 104(1) and (3), 105(1), (3), and (5), 106(1), (3), and (5), 107, 109, 111, 117, 118, 119, 120, 121, 127, 128, 129, 130, 131, 133, 134, 135, 136(1) and (3), 137(1), (2), (3), and (5), 138, 140, 141, 142, 143, 144, 145, 146, 147, 150, 151, 152(1), 161(7) and (15), 166, 167, 168, 169, 170, 171, 172, 173(1) to (3), (5) to (7), and (11), 174, 3555 Income Tax Act 2007 Reprinted as at 2 December 2011 176(1), 177(1), (2) to (4), and (6) to (10), 178(1) to (5), and (7) to (11), 179, 180(1), 181(1), (2), and (5), 182, 183, 188, 196, 197, 198, 201, 202(1) and (3), 203, 204, 205(1), (4), and (5), 209(2), (3), and (5), 211(3) and (6), 215(1) and (3), 218(1), (4), (5), (7), and (9), 227, 230(4), 232, 233, 234, 235, 236, 238(1) and (4), 239(1), 241, 242(1), 251, 253, 254, 255, 256, 257, 258, 261, 262(1), 263, 264(2) and (4), 265, 266, 268, 269, 270, 271, 272, 273, 274, 275, 277, 280, 281, 282(1), (3), (4), and (5), 283, 284(1), (2), (4), and (6), 285, 286, 287, 288, 289, 290, 291, 293, 294, 296(2), (3), and (8), 297(2) and (5), 298(1) and (4), 299, 300, 302(2) and (4), 304, 306, 308(1), 309, 311, 312, 314, 317, 318, 321, 324(1), (2), (4), and (6), 329, 330, 331, 332, 333, 334, 335, 336(1), (3), (5), and (6), 337, 338, 339, 340(1), (3), (4), and (7), 341, 344, 345, 349, 350, 352, 353, 354, 355, 356, 357, 358, 359, 360(1) and (3), 361, 362, 363, 364, 365, 366, 367, 368, 369, 370, 371, 376, 378(1), (2), (4), (5), and (7), 379, 381(2) and (4), 383, 387, 388(2) and (5), 389(2) and (3), 390, 391, 393, 394, 397, 398, 399(1), (4), and (8), 400(2) and (6), 409, 420(1) and (3), 421(1) and (3), 422, 427, 431(1) and (3), 440, 441, 442, 443, 444, 446, 447(2) and (5), 452(3) and (6), 453,
 455, 457, 460(2), (4), and (7), 466, 470, 486, 489, 490(2), (3) and (5), 491(1), (3), and (5), 492(1) and (5), 493, 494, 495, 496, 497, 500, 503(2), (3), and (4), 504, 505, 506, 507, 509, 511, 512, 513, 514(1) to (4), (7), and (9) to (11), 515, 516, 517(1) and (3) to (5), 518(1) and (3) to (5), 519(1) to (6) and (8) to (13), 520, 521, 522, 523, 524, 525, 526, 529, 530, 531(1), (2), and (4) to (7), 532, 533, 534, 536, 537, 538, 539, 541, 542, 543, 544, 545, 547, 548, 554, 555, 556, 557(5), (7), (10), (25), (28), (29), (36), (37), (39), (42), (49), (50), (51), (52), (54), (55), (57), (58), (59), (62), (63), (64), (68), (69), (76), (84), (85), (88), (93), (95), (98), (99), (109), (114), (118), (119), (130), (134), (137), (138), (139), (140), (141), (142), (143), (144), (146), (149), (156), (157), (164), (170), (171), (175), (176), (184), (187), (191), (193), (195), (197), (198), (199), (200), (202), (204), (210), (214), (217), (219), (222), (224), (225), and (228), 559, 560, 561, 562, 564, 567, 568, 569, 570, 571(1) and (3), 572, 573, 574, 575, 576, 579(3) to (8), 580, 581, 582, 583, 585, 590, 591, 592, 593, 596(3), (4), (7), and (8), 597(4), 598(1) and (3), 599(1), 3556 Reprinted as at 2 December 2011 Income Tax Act 2007 609, 614, 615, 616(2), 619(2), (3), (6), and (7), 620, 624, 627, 628(2) to (4), 630(1), 631, 632, 633, 636, 637, 640, 642, 643, 644, 646(3) and (5), 647(5) and (7), 648, 649, 650, 651(1) and (3), 654, 659, 660, 661, 664, 665, 669, 671, 672, 673, 680, 683, 690, 691, 693, 701, 702, 715(1) to (3), 717, 719, 724, 725, 726, 727, 729, 730, 733(3) and (5), 765, 766, 774, 775, 776, 777, 778, 844(19), (20), (24), and (34), 858(2) and (4), 859, and 865 are treated as coming into force on 1 April 2008.
(22) Sections 88, 315, 316, 360(2), 503(1), 557(148), 732, 867, and 868 are treated as coming into force on 1 July 2008.

(23) Sections 40, 58, 61, 243, 244, 745, 752, and 753 are treated as coming into force on 26 September 2008.

(24) Section 137(4) and (6) are treated as coming into force on 1 October 2008.
(25) Sections 10, 80, 112(2) and (3), 115, 116, 132(2) and (4), 173(8), (13), and (15), 557(32), (48), (60), (82), (105), (127), (131), (159), (160), (181), (186), and (206), and 704(2) and (4) are treated as coming into force on 1 January 2009.
(26) Sections 9, 27, 50, 64, 92, 114, 136(2), (4), (5), and (6), 139, 173(9), 176(2) and (3), 181(4) and (8), 184, 276, 278, 279, 282(2), 284(3), (5), (7), and (8), 301, 347(1), 399(2) and (6), 445(1) and (4), 462, 463, 464, 465, 492(2), 508, 514(5), (6), and (8), 517(2), 518(2), 519(7), 550, 557(92), (158), (165), (166), (188), and (209), 571(2), (4), and (5), 587, 607, 608, 619(1), (4), and (5), 623, 715(4), and 721 are treated as coming into force on 1 April 2009.
(27) Sections 5(3), (6), and (8), 6, 14, 17(2), (3) and (5), 20(1), (2), and (4), 22, 23, 29, 30, 39, 41(3) and (6), 69, 70, 71, 79, 90, 91, 110, 152(2) and (3), 153, 154, 155, 156, 160, 161(1) to (6), (9) to (14), (16), and (17), 162, 163, 164, 165, 175, 180(2) to (4), 195, 202(2) and (4), 206, 207, 208, 209(1) and (4), 210, 211(1), (2), (4), (5), and (7), 212, 213, 214, 215(2), (4), and (5), 216, 217, 218(3) and (10), 219, 220, 221, 222, 223, 224, 225, 226, 228, 229, 230(1) to (3), and (5) to (7), 231, 237, 238(2), (3), and (5), 240, 246, 247, 248, 249, 250, 252, 259, 260, 302(1) and (3), 303, 305, 340(2), (5), and (6), 342, 343, 346, 377, 385, 395, 399(3) and (7), 400(3) and (7), 401(2) and (5), 403, 404, 405, 406, 407, 408, 412, 413, 414, 415, 416, 3557 Income Tax Act 2007 Reprinted as at 2 December 2011 417, 419, 421(2) and (4), 423, 424, 425, 426, 428, 429, 430, 431(2) and (4), 432, 433, 434, 435, 436, 437, 448, 456, 459(1) and (3), 460(3) and (8), 461(1) and (3), 468, 469(1) and (3), 471, 472, 473, 474, 475, 476, 477, 478, 479, 480, 481, 482, 485, 488, 490(1) and (4), 491(2), (4) and (6), 492(3), (4), and (6), 527, 528, 540, 557(8), (9), (11), (14), (16), (22), (23), (30), (34), (38), (40), (41), (43), (61), (70), (71), (74), (75), (77), (78), (79), (80), (89), (94), (96), (104), (117), (123), (128), (129), (182), (183), (185), (203), (208), (211), (212), (213), (215), (216), and (229), 558, 577(2), 584, 586, 596(5) and (9), 597(1) to (3), (5) and (6), 605(2) and (4), 617, 634, 635, 651(2) and (5), 652, 655, 656, 657, 658, 666, 668, 674, 676, 678, 686, 687, 688, 695, 697, and 700 are treated as coming into force on 30 June 2009.
(28) Sections 46, 56(2), (3), and (5), 59, 86, 87, and 89 come into force on 1 October 2009.

(29) Sections 95, 123, 124, 125, 126, 557(108), and (110) come into force on 1 January 2010.
(30) Sections 4, 7, 8, 13, 15(1)(a) and (2), 17(1) and (4), 19(4), (6), and (7), 21, 28, 41(4), (5), and (7), 51, 63, 65, 66, 67, 73(1), (2), and (4), 75, 77, 78, 96(2), (4), and (5), 98(2), (5), and (6), 102(2), (4), (6), and (8), 103(2), (4), and (6), 104(2) and (4), 105(2), (4), and (6), 106(2), (4), and (6), 112(1), 113, 122, 149, 157, 158, 159, 161(8) and (18), 173(4), (10), (12), and (14), 177(5), (11), and (12), 178(6), (12), and (13), 181(3), (6), and (7), 191, 192, 218(2), (6), (8), and (11), 239(2) and (3), 242(2) to (4), 245, 262(2) and (3), 264(1) and (3), 267, 292, 295, 296(4), (6), and (9), 298(2), (3), and (5), 308(2) and (3), 313, 324(3), (5), and (7), 328, 336(2), (4), and (7), 347(2), 348, 351, 378(3), (6), and (8), 384, 401(1), (3), and (4), 438, 498, 531(3) and (8), 535, 557(2), (3), (4), (13), (15), (17), (18), (19), (21), (24), (31), (44), (66), (73), (81), (83), (91), (97), (100), (101), (102), (103), (106), (107), (111), (115), (116), (121), (126), (133), (136), (150), (154), (155), (167), (177), (179), (180), (192), (196), (220), (221), (223), and (227), 563, 565, 566, 579(1) and (2), 588, 594, 599(2), 611, 613, 618, 621, 622, 626, 628(5) and (6), 645, 651(4) and (6), 679, 681, 710(3), 713, and 861 come into force on 1 April 2010.
(31) Sections 200 and 487 come into force on 30 June 2010.
3558 Reprinted as at 2 December 2011 Income Tax Act 2007 (32) Sections 33, 49, 55, 94, 132(1), (3), (5), and (6), 185, 186, 187, 189, 190, 193, 194, 199, 296(1), (5), and (7), 297(1), (3), and (4), 307, 310, 325, 326, 327, 372, 373, 374, 375, 380, 381(1), (3), and (5), 382, 386, 388(1), (3), and (4), 392, 396, 399(5) and (9), 400(1), (4), and (5), 402, 410, 411, 418, 420(2) and (4), 439, 445(2), (3), and (5), 447(1), (3), and (4), 449, 450, 451, 452(1), (2), (4), and (5), 454, 458, 459(2) and (4), 460(1), (5), and (6), 461(2) and (4), 467, 469(2) and (4), 483, 484, 557(6), (12), (20), (27), (33), (35), (46), (56), (65), (67), (72), (87), (90), (112), (113), (120), (122), (124), (151), (152), (153), (161), (162), (163), (168), (169), (172), (178), (189), (190), (194), (201), (205), (207), (218), and (226), 577(1) and (3), 629, and 663 come into force on 1 July 2010.
Part 1 Amendments to Income Tax Act 2007 Withholding liabilities Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

Subsection (3) applies for all income years beginning on or after 1 July 2009.
Other obligations Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Section CB 27B repealed Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.
5 (1) (2) (3) (4) (5) (6) (7) (8) 6 (1) (2) (3) 9 (1) (2) 3559 Income Tax Act 2007 Reprinted as at 2 December 2011 11 (1) (2) New section CC 8B inserted Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

12 What is a transfer of value?

(1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
14 (1) (2) 16 (1) (2) 17 (1) (2) (3) (4) (5) 20 (1) (2) (3) (4) Section CD 21 repealed Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Treasury stock acquisitions Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Property made available intra-group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2010–11 and later income years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

Available subscribed capital (ASC) amount Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
22 (1) Heading and sections CD 45 to CD 52 repealed Amendments incorporated in the principal Act.

3560 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) 23 (1) (2) (3) (4) 24 (1) (2) (3) (4) (5) 27 (1) (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.

Prevention of double taxation of share cancellation dividends Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.

Amounts derived in connection with employment Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

New subpart CO inserted Amendments incorporated in the principal Act.
Subsection (1) applies for the 2009–10 and later income years.

29 When attributed CFC income arises (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for all income years beginning on or after 1 July 2009.
30 When FIF income arises (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3561 (3) 33 (1) (2) 34 (1) (2) Income Tax Act 2007 Reprinted as at 2 December 2011 Subsection (1) applies for all income years beginning on or after 1 July 2009.

Sections CR 1 and CR 2 replaced Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

New section CR 4 added Amendments incorporated in the principal Act.
Subsection (1) applies— (a) for an insurer who uses IFRS 4,–– (i) (ii) (ii) for the 2009–10 and later income years, unless subparagraph (ii) applies: for the ﬁrst income year for which an insurer adopts IFRSs for the purposes of ﬁnancial report- ing and later income years, if that ﬁrst income year is before the 2009–10 income year and the person chooses to use IFRS 4 in a return of in- come for that ﬁrst year: on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(b) for a life insurer,–– (i) 35 Withdrawals (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3562 Reprinted as at 2 December 2011 Income Tax Act 2007 (4) 36 (1) (2) (3) 37 (1) (2) (3) 38 (1) (2) (3) 39 (1) (2) 41 (1) (2) (3) (4) (5) (6) (7) 44 (1) Subsections (1) and (2) apply for the 2008–09 and later income years.

Exclusions of withdrawals of various kinds Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

Exclusion of withdrawal on partial retirement Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Exclusion of withdrawal when member ends employment Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

Section CV 10 repealed Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009. Dividend derived by company from overseas Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (3) applies for all income years beginning on or after 1 July 2009.

Subsection (4) applies for the 2010–11 and later income years.

Expenditure on account, and reimbursement, of employees Amendments incorporated in the principal Act.

3563 Income Tax Act 2007 Reprinted as at 2 December 2011 Amendments incorporated in the principal Act.
Subsection (1) does not apply in relation to a tax position taken by a person— (a) in the period from 1 April 2008 to the date on which this Act receives the Royal assent; and in relation to a deduction for an amount of depreciation loss; and relying on section CW 17 in the absence of the amend- ment made by subsection (1).

(b) (c) Section CW 37 repealed Amendments incorporated in the principal Act.
Subsection (1) applies for an amount derived by a company as a large budget screen production grant if— (a) the ﬁnal application for the large budget screen produc- tion grant is made on or after 1 October 2009; and the company does not incur before 1 July 2008 an amount of $3,000,000 or more in expenditure on the project to which the large budget screen production grant relates.

(b) New section CW 59C inserted Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

New section CW 62B inserted Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.
Contributions to superannuation schemes Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

(2) (3) 46 (1) (2) 49 (1) (2) 50 (1) (2) 52 (1) (2) 3564 Reprinted as at 2 December 2011 Income Tax Act 2007 (3) Subsection (1) applies for the 2008–09 and later income years.

54 (1) (2) 55 (1) (2) 56 (1) (2) (3) (4) (5) 60 (1) (2) 63 (1) (2) Section CX 28 replaced Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
Section CX 39 repealed Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

Government grants to businesses Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
Subsection (2) applies for an amount derived by a company as a large budget screen production grant if— (a) the ﬁnal application for the large budget screen produc- tion grant is made on or after 1 October 2009; and the company does not incur before 1 July 2008 an amount of $3,000,000 or more in expenditure on the project to which the large budget screen production grant relates.

(b) New heading and section CX 48D inserted Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

Section CX 55 replaced Amendments incorporated in the principal Act.
Subsection (1) applies— 3565 Income Tax Act 2007 Reprinted as at 2 December 2011 (a) (b) for a portfolio investment entity, including a life fund PIE, and the New Zealand Superannuation Fund, for the 2010–11 and later income years: for a life insurer, other than in relation to a life fund PIE,— (i) on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(ii) Section 63(2)(b)(i): amended (with effect on 7 October 2009), on 7 December 2009, by section 166 of the Taxation (Consequential Rate Alignment and Re- medial Matters) Act 2009 (2009 No 63).

Determining tax liabilities Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Interest: not capital expenditure Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

Interest: most companies need no nexus with income Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Interest: money borrowed to acquire shares in group companies Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
68 (1) (2) (3) 69 (1) (2) 70 (1) (2) 71 (1) (2) 3566 Reprinted as at 2 December 2011 Income Tax Act 2007 76 (1) (2) 79 (1) (2) (3) 81 (1) (2) 82 (1) (2) (3) (4) 83 (1) (2) 87 (1) (2) (3) Portfolio investment entities: zero-rated portfolio investors and allocated losses Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Expenditure incurred in deriving exempt dividend Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

New section DB 60B inserted Amendments incorporated in the principal Act.

Subsection (1) applies for deductions accrued on or after 1 January 2008.

Contributions to employees’ superannuation schemes Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

Criteria for approval of share purchase schemes: before period of restriction ends Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Government grants to businesses Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for an amount derived by a company as a large budget screen production grant if— (a) the ﬁnal application for the large budget screen produc- tion grant is made on or after 1 October 2009; and the company does not incur before 1 July 2008 an amount of $3,000,000 or more in expenditure on the (b) 3567 Income Tax Act 2007 Reprinted as at 2 December 2011 project to which the large budget screen production grant relates.
90 When attributed CFC loss arises (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (2) and (3) apply for all income years beginning on or after 1 July 2009.

91 When FIF loss arises (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

92 (1) (2) 94 (1) (2) Section DO 11B repealed Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

Sections DR 1 to DR 3 replaced Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

97 (1) (2) New section DT 1A inserted Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 4 March 2008.
3568 Reprinted as at 2 December 2011 Income Tax Act 2007 99 (1) (2) Petroleum development expenditure Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

100 Disposal of petroleum mining asset to associate (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for expenditure incurred on or after 1 April 2008.
101 Amount written off by holding company (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2008–09 and later income years.

102 Transfer of expenditure to master fund (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (3) apply for the 2008–09 and 2009–10 income years.

Subsections (2) and (4) apply for the 2010–11 and later income years.

(8) 103 Carry forward of expenditure (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and 2009–10 income years.

Subsection (2) applies for the 2010–11 and later income years.

(6) 3569 Income Tax Act 2007 Reprinted as at 2 December 2011 104 New section DV 4B inserted and replaced (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and 2009–10 income years.
Subsection (2) applies for the 2010–11 and later income years.

Investment funds: transfer of expenditure to master funds Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and 2009–10 income years.

Subsection (2) applies for the 2010–11 and later income years.
(4) 105 (1) (2) (3) (4) (5) (6) 106 Formula for calculating maximum deduction Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsection (1) applies for the 2008–09 and 2009–10 income (5) years.

Subsection (2) applies for the 2010–11 and later income years.

(6) 107 Carry forward of expenditure (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

109 New section DW 4 added (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies— (a) for an insurer who uses IFRS 4,–– (i) for the 2009–10 and later income years, unless subparagraph (ii) applies: 3570 Reprinted as at 2 December 2011 Income Tax Act 2007 (ii) for the ﬁrst income year for which an insurer adopts IFRSs for the purposes of ﬁnancial report- ing and later income years, if that ﬁrst income year is before the 2009–10 income year and the person chooses to use IFRS 4 in a return of in- come for that ﬁrst year: (b) for a life insurer,–– (i) (ii) on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
110 Section DX 2 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

114 New heading and section EC 26B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

117 Pool method: calculating amount of depreciation Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.
(2) 120 Meaning of adjusted tax value (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

121 Employer’s superannuation contribution tax Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.

(3) 3571 Income Tax Act 2007 Reprinted as at 2 December 2011 127 Section EJ 12 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for expenditure incurred on or after 1 April 2008.

128 Relinquishing petroleum mining permit (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

129 New sections EJ 13B and EJ 13C inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.
130 Disposal of petroleum mining asset (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

131 Sections EJ 19 and EJ 20 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for expenditure incurred on or after 1 April 2008.

132 What is an excepted ﬁnancial arrangement?

Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.


(5) Subsections (1) and (3) apply— (6) (a) on and after 1 July 2010, unless paragraph (b) applies; or for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for (b) 3572 Reprinted as at 2 December 2011 Income Tax Act 2007 the tax year corresponding to the ﬁrst relevant income year.
135 (1) (2) (3) (4) (5) IFRS ﬁnancial reporting method Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) does not apply for a taxpayer and an income year if the taxpayer has,— (a) before 30 June 2009, ﬁled a return of income for the income year; and taken a tax position in the return which ignores subsec- tion (2).
(b) 136 Determination alternatives (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (2) and (4) apply for the 2009–10 and later income years.

137 Expected value method (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (4) applies for the 2009–10 and later income years.

139 Mandatory use of some determinations (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.
3573 Income Tax Act 2007 Reprinted as at 2 December 2011 152 Associates and 10% threshold (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

153 New section EX 18A inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
154 Formula for calculating attributed CFC income or loss (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

155 Taxable distribution from non-complying trust (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.

156 New heading and sections EX 20B to EX 20E inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

161 Branch equivalent income or loss: calculation rules Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) 3574 Reprinted as at 2 December 2011 Income Tax Act 2007 Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) Amendments incorporated in the principal Act.


(9) (10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.

(13) Amendments incorporated in the principal Act.

(14) Amendments incorporated in the principal Act.

(15) Amendments incorporated in the principal Act.

(16) Amendments incorporated in the principal Act.


(17) Subsections (1) to (6) and (9) to (14) apply for all income years beginning on or after 1 July 2009.

(18) Subsection (8) applies for the 2010–11 and later income years.

162 New heading and sections EX 21B to EX 21E inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

163 Heading and section EX 22 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

164 Section EX 23 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

165 Change of CFC’s balance date (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
3575 Income Tax Act 2007 Reprinted as at 2 December 2011 169 Exemption for Australian unit trusts with adequate turnover or distributions Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 173 Limits on choice of calculation methods Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.


(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.


(13) Amendments incorporated in the principal Act.

(14) Subsections (4) and (10) apply for the 2010–11 and later in- come years.

(15) Subsection (8) applies for all income years beginning on or after 1 July 2009.

175 Branch equivalent method (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
176 Comparative value method (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

180 Additional FIF income or loss if CFC owns FIF (1) Amendments incorporated in the principal Act.

3576 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (2) and (3) apply for all income years beginning on or after 1 July 2009.

(1) (2) (3) 181 Codes: comparative value method, deemed rate of return method, fair dividend rate method, and cost method Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Section EX 59(1C)(b) is replaced by the following: the FIF is a foreign PIE equivalent.” “(b) Amendments incorporated in the principal Act.


In section EX 59, in the list of deﬁned terms,— “foreign investment vehicle” is omitted: (a) (b) “foreign PIE equivalent” is inserted.

Subsection (3) applies for the 2010–11 and later income years.

Subsection (4) applies for the 2009–10 and later income years.

(4) (5) (6) (7) (8) 183 Changes in application of FIF exemptions (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

184 New section EX 66B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

185 Sections EY 1 to EY 5 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for 3577 Income Tax Act 2007 Reprinted as at 2 December 2011 the tax year corresponding to the ﬁrst relevant income year.

186 Section EY 6 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

187 Meaning of claim (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

188 Superannuation schemes providing life insurance Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Subsections (1) and (2) apply for the 2008–09 and later income (4) years.

189 Meaning of life reinsurance (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply–– (a) on and after 1 July 2010, unless paragraph (b) applies: 3578 Reprinted as at 2 December 2011 Income Tax Act 2007 (b) for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
190 Sections EY 15 to EY 47 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
193 Non-resident life insurers with life insurance policies in (1) (2) (3) New Zealand Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
194 Deductions for disposal of property: 1982–83 and 1989–90 (1) (2) (3) (4) (5) income years Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (4) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 3579 Income Tax Act 2007 Reprinted as at 2 December 2011 life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
195 Section EZ 31 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

197 (1) (2) Income and expenditure where ﬁnancial arrangement redeemed or disposed of Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

199 New headings and sections EZ 53 to EZ 62 added Amendments incorporated in the principal Act.
(1) Subsection (1) applies–– (2) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

202 New section FA 2B inserted (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies if a debt security is stapled to a share on or after 25 February 2008.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

(4) 203 Financial arrangements rules (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
3580 Reprinted as at 2 December 2011 Income Tax Act 2007 205 Property transferred to charities or to close relatives and others Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) (3) (4) (5) 206 What this subpart does (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

207 When this subpart applies (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

208 Section FE 3 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
209 Some deﬁnitions (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsection (2) applies for the 2008–09 and later income years.

(5) 210 Thresholds for application of interest apportionment rules (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3581 Income Tax Act 2007 Reprinted as at 2 December 2011 (3) Subsection (1) applies for all income years beginning on or after 1 July 2009.

211 Apportionment of interest by excess debt entity (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (3) applies for the 2008–09 and later income years.

Subsections (1), (2), and (4) apply for all income years begin- ning on or after 1 July 2009.

212 Calculation of debt percentages (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (4) apply for all income years beginning on or after 1 July 2009.

213 Financial arrangements entered into with persons outside (1) (2) (3) (4) (5) group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (3) applies for all income years beginning on or after 1 July 2009.
214 Consolidation of debts and assets (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

3582 Reprinted as at 2 December 2011 Income Tax Act 2007 215 Total group debt (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (2) applies for all income years beginning on or after 1 July 2009.

216 Total group assets (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

217 Measurement of debts and assets of worldwide group (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for all income years beginning on or after 1 July 2009.

218 Banking group’s New Zealand net equity (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Subsection (3) applies for all income years beginning on or Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

after 1 July 2009.
after 1 July 2009.

3583 Income Tax Act 2007 Reprinted as at 2 December 2011 (11) Subsections (2), (6), and (8) apply for the 2010–11 and later income years.

219 New Zealand group for excess debt entity that is a (1) (2) (3) company Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Identifying New Zealand parent 220 Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.


(11) Subsections (1) to (9) apply for all income years beginning on or after 1 July 2009.

221 Section FE 28 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

222 Section FE 29 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
3584 Reprinted as at 2 December 2011 Income Tax Act 2007 223 Ownership interests in companies outside New Zealand (1) (2) (3) (4) group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.

224 Worldwide group for corporate excess debt entity Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Subsections (1) and (2) apply for all income years beginning (4) on or after 1 July 2009.

225 New sections FE 31B and FE 31C inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

226 Section FE 32 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

227 (1) (2) (3) (4) (5) Identifying members of New Zealand banking group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for the 2008–09 and later income years.

228 Subpart FF repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3585 Income Tax Act 2007 Reprinted as at 2 December 2011 229 Consolidation rules (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

230 Some general rules for treatment of consolidated groups (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) and (5) apply for all income years be- ginning on or after 1 July 2009.

231 Heading and sections FM 24 to FM 26 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

232 Eligibility rules (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

234 Trans-Tasman imputation groups and resident imputation (1) (2) (3) subgroups Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

235 Amortising property (1) Amendments incorporated in the principal Act.

3586 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

237 New sections GB 15B and GB 15C inserted Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.
238 Attribution rule for income from personal services Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Subsection (1) applies for the 2008–09 and later income years.

(4) Subsection (2) applies for all income years beginning on or (5) after 1 July 2009.

240 Section GB 39 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

246 (1) (2) Insufﬁcient amount receivable by person Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

247 Compensating arrangement: person receiving more than (1) (2) arm’s length amount Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
248 Requests for matching treatment (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

3587 Income Tax Act 2007 Reprinted as at 2 December 2011 249 Section GC 12 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
250 New section GZ 2 inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

251 Shareholding requirements (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

252 New section HA 8B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

253 Limit on foreign non-dividend income (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

254 When requirements no longer met (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

256 Fully imputed distributions (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

257 Section HA 16 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

3588 Reprinted as at 2 December 2011 Income Tax Act 2007 259 Calculating qualifying company election tax Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.


(3) Subsections (1) and (2) apply for all income years beginning (4) on or after 1 July 2009.

260 Corpus of trust (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.

261 Trustee income (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

263 Distributions from community trusts (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

264 Who is a settlor?

(1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies, for the purposes of— (a) (b) (c) for the provisions other than the land provisions, 2010–11 and later income years: the land provisions other than section CB 11, for land acquired on or after the date on which this Act receives the Royal assent: section CB 11, for land on which improvements are be- gun on or after the date on which this Act receives the Royal assent.

(4) Subsection (2) applies for the 2008–09 and later income years.
3589 Income Tax Act 2007 Reprinted as at 2 December 2011 265 Liability of trustee as agent (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

266 Beneﬁciary income of minors (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

269 General provisions relating to disposals (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

270 Section HG 4 replaced (1) (2) Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

271 Disposal of partner’s interests (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsections (1) and (2) apply for income years starting on and after 1 April 2008.

272 Disposal of trading stock (1) (2) Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, 3590 Reprinted as at 2 December 2011 Income Tax Act 2007 subsection (1) applies for income years starting on and after 1 April 2008.

273 Disposal of depreciable property (1) (2) Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

274 Disposal of ﬁnancial arrangements and certain excepted (1) (2) ﬁnancial arrangements Amendments incorporated in the principal Act.
For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (1) applies for income years starting on and after 1 April 2008.

275 Disposal of short-term agreements for the sale and (1) (2) (3) (4) purchase of property or services Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


For a person who is not a limited partner of a limited part- nership registered under the Limited Partnerships Act 2008, subsection (2) applies for income years starting on and after 1 April 2008.

276 Section HG 10 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2009–10 and later income years.

282 (1) (2) (3) (4) Investor membership requirement Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3591 Income Tax Act 2007 Reprinted as at 2 December 2011 (5) (6) 284 (1) (2) (3) (4) (5) (6) (7) (8) Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

Investor interest size requirement Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (3), (5), and (7) apply for the 2009–10 and later income years.

288 Treatment of income from interest when entitlement conditional or lacking Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 290 Credits received by portfolio tax rate entity or portfolio (1) (2) (3) (4) investor proxy Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

293 Transitional residents (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (5) apply for the 2008–09 and later income years.

3592 Reprinted as at 2 December 2011 Income Tax Act 2007 294 New heading and sections HR 9 and HR 10 added Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.
(2) 296 Restrictions relating to ring-fenced tax losses Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.


(6) Subsection (1) applies–– (7) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(8) (9) Subsections (2) and (3) apply for the 2008–09 and later income years.
Subsection (4) applies for the 2010–11 and later income years.

297 Restrictions relating to schedular income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (3) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(5) Subsection (2) applies for the 2008–09 and later income years.
298 Common ownership: group of companies (1) Amendments incorporated in the principal Act.

3593 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and 2009–10 income years.

Subsection (2) applies for the 2010–11 and later income years.

300 Pre-consolidation losses: use by group companies Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.

(3) 301 When this subpart applies (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

302 Ring-fencing cap on attributed CFC net losses (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
Subsection (2) applies for the 2008–09 and later income years.

(4) 303 New section IQ 2B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

304 Ring-fencing cap on FIF net losses (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.
305 Group companies using attributed CFC net losses Amendments incorporated in the principal Act.

(1) 3594 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.

306 Group companies using FIF net losses (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
307 Subpart IT replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

310 New section LA 8B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

311 Use of tax credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
314 Tax credits for families (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3595 Income Tax Act 2007 Reprinted as at 2 December 2011 (5) Subsections (1) and (2) apply for the 2008–09 and later income years.

315 Tax credits related to personal service rehabilitation payments: providers Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 316 Tax credits related to personal service rehabilitation payments: payers Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 317 Tax credits for transitional circumstances (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
324 Tax credits for imputation credits (1) (2) (3) (4) (5) (6) (7) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Subsection (3) applies for the 2010–11 and later income years.
325 Use of remaining credits by companies and trustees Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.


(5) Subsections (1) to (4) apply–– (6) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 3596 Reprinted as at 2 December 2011 Income Tax Act 2007 life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
326 New section LE 2B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

327 Use of remaining credits by others (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

330 Who this subpart applies to (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for the 2008–09 and later income years.

331 Tax credits relating to expenditure on research and development Amendments incorporated in the principal Act.

(1) 3597 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) Subsection (1) applies for the 2008–09 and later income years.
332 Requirements (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

333 Adjustments to eligible expenditure (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
334 New section LH 14B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

335 What this subpart does (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

336 Tax credits for foreign income tax (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

Subsection (2) applies for the 2010–11 and later income years.

(7) 338 Calculation of New Zealand tax (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3598 Reprinted as at 2 December 2011 Income Tax Act 2007 (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

339 Section LJ 7 replaced by new sections LJ 7 and LJ 8 Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.
(2) 340 Tax credits relating to attributed CFC income (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

Subsections (1) and (3) apply for the 2008–09 and later income years.
(7) 341 Calculation of amount of credit (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

342 New section LK 5B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

343 Subpart LL repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
344 Use of remaining credits (1) Amendments incorporated in the principal Act.

3599 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) Subsection (1) applies for the 2008–09 and later income years.

345 Continuity rules for carrying credits forward Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.
(3) 346 Sections LQ 1 to LQ 4 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

349 Meaning of full-time earner for family scheme (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.
352 Family scheme income of major shareholders in close companies Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 354 Third requirement: residence (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

355 When person does not qualify (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

356 Continuing requirements (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3600 Reprinted as at 2 December 2011 Income Tax Act 2007 (3) (4) Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

357 Principal caregiver (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

358 Second requirement: principal care (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

359 Third requirement: residence (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

360 Fifth requirement: full-time earner (1) (2) (3) (4) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

361 Calculation of in-work tax credit (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

363 Meaning of net family scheme income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (3) apply for the 2008–09 and later income years.

364 Recovery of overpaid tax credit (1) Amendments incorporated in the principal Act.

3601 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) Subsection (1) applies for the 2008–09 and later income years.

365 Section MF 6 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

368 When short payment and unpaid compulsory employer contributions found after tax credit used Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 371 New section MZ 3 added (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

372 Memorandum accounts (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

373 Credits (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

3602 Reprinted as at 2 December 2011 Income Tax Act 2007 374 Debits (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

375 Opening balances of memorandum accounts Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Subsection (1) applies–– (3) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

377 Section OA 12 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

378 General rules for companies with imputation credit (1) (2) (3) (4) (5) (6) (7) accounts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1), (2), and (4) apply for the 2008–09 and later income years.

3603 Income Tax Act 2007 Reprinted as at 2 December 2011 (8) Subsection (3) applies for the 2010–11 and later income years.

379 Australian companies with imputation credit accounts (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
380 New section OB 3B inserted (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

ICA payment of tax Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsection (2) applies for the 2008–09 and later income years.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
ICA resident withholding tax withheld Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new 381 (1) (2) (3) (4) (5) 382 (1) (2) (3) 3604 Reprinted as at 2 December 2011 Income Tax Act 2007 life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
385 Section OB 11 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for dividends received in all income years beginning on or after 1 July 2009.

386 Section OB 17 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

387 (1) (2) 388 (1) (2) (3) (4) ICA transfer to master fund Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
ICA refund of income tax Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(5) Subsection (2) applies for the 2008–09 and later income years.

3605 389 (1) (2) (3) 390 (1) (2) (3) Income Tax Act 2007 Reprinted as at 2 December 2011 ICA amount applied to pay other taxes Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2008–09 and later income years.

ICA refund from tax pooling account Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for a tax position taken on or after 1 April 2008 except for a tax position taken by a company when— (a) the company has received a refund of the type referred to in section OB 34(1); and the refund is received in the company’s 2008–09 in- come year but before 2 July 2008; and the company has relied on section OB 34(4), as it was before the amendment made by this section, to deter- mine the date of the debit.
(b) (c) 392 New section OB 35B inserted (1) (2) Amendments incorporated in the principal Act.\ Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

393 (1) (2) (3) ICA refund of tax credit Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

394 (1) ICA transfer for net foreign attributed income Amendments incorporated in the principal Act.

3606 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

395 Section OB 39 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
396 Section OB 47 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
397 (1) (2) 398 (1) (2) (3) (4) (5) ICA benchmark dividend rules Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

Imputation additional tax on leaving wholly-owned group Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (4) apply for the 2008–09 and later income years.
399 Table O1: imputation credits (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

3607 Income Tax Act 2007 Reprinted as at 2 December 2011 (7) (8) (9) Subsection (3) applies for all income years beginning on or after 1 July 2009.
Subsection (4) applies for the 2008–09 and later income years.

Subsection (5) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

400 Table O2: imputation debits (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (4) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(6) (7) Subsection (2) applies for the 2008–09 and later income years.

Subsection (3) applies for all income years beginning on or after 1 July 2009.

401 General rules for companies with FDP accounts (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2010–11 and later income years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.
402 New section OC 2B inserted (1) Amendments incorporated in the principal Act.

3608 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
403 When company chooses to stop being FDPA company (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

404 When company emigrates (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

405 Section OC 6 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for dividends received in all income years beginning on or after 1 July 2009.

406 Section OC 8 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

407 Section OC 9 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

408 Section OC 10 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3609 Income Tax Act 2007 Reprinted as at 2 December 2011 409 FDPA refund of tax credit (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

410 Section OC 20 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

411 Section OC 23 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

413 Payment of further FDP for closing debit balance Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsections (1) to (3) apply for all income years beginning on (5) or after 1 July 2009.

414 Payment of further FDP when company no longer New Zealand resident Amendments incorporated in the principal Act.

(1) 3610 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) (3) (4) (5) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.

415 Reduction of further FDP (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for all income years beginning on or after 1 July 2009.
416 Section OC 33 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

417 Section OC 34 replaced (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

418 Heading and sections OC 35 to OC 39 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

419 Table O3: FDP credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
3611 Income Tax Act 2007 Reprinted as at 2 December 2011 420 Table O4: FDP debits (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

421 General rules for companies with CTR accounts Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Subsection (1) applies for the 2008–09 and later tax years.

(3) Subsection (2) applies for all income years beginning on or (4) after 1 July 2009.

422 Choosing to become CTR company (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later tax years.

423 When company stops being CTR company (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

424 Section OD 5 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

425 Section OD 8 repealed (1) Amendments incorporated in the principal Act.

3612 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.
426 Section OD 11 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

427 CTRA increase in resident shareholding (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later tax years.

428 Section OD 23 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
429 Section OD 24 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

430 Table O5: conduit tax relief credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

431 Table O6: conduit tax relief debits (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later tax years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

432 Branch equivalent tax accounts of companies Amendments incorporated in the principal Act.

(1) 3613 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) Subsection (1) applies for all income years beginning on or after 1 July 2009.
433 Heading and sections OE 12 and OE 13 repealed Amendments incorporated in the principal Act.

(1) Subsection (1) applies for dividends received in all income (2) years beginning on or after 1 July 2009.

434 Sections OE 14 to OE 16 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

435 New heading and section OE 16B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

436 Table O7: branch equivalent tax credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

437 Table O8 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

439 Subpart OJ repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

3614 Reprinted as at 2 December 2011 Income Tax Act 2007 440 MACA payment of tax (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

441 MACA refund of income tax (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

442 MACA payment of other taxes (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

443 New section OK 14B inserted (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

444 Table O18: Maori authority debits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

445 When credits and debits arise only in consolidated (1) (2) (3) (4) (5) imputation group accounts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsections (2) and (3) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
446 Provisions applying to consolidated imputation groups (1) Amendments incorporated in the principal Act.

3615 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

447 Consolidated ICA payment of tax (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(5) Subsection (2) applies for the 2008–09 and later income years.
448 Section OP 14 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

449 Consolidated ICA resident withholding tax withheld Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Subsection (1) applies–– (3) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

450 Section OP 20 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– 3616 Reprinted as at 2 December 2011 Income Tax Act 2007 (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

451 Section OP 21 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

452 Consolidated ICA refund of income tax (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (2) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(6) Subsection (3) applies for the 2008–09 and later income years.

453 Consolidated ICA amount applied to pay other taxes (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

454 New section OP 33B inserted (1) Amendments incorporated in the principal Act.
3617 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

455 Consolidated ICA refund of tax credit (1) (2) (3) (4) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

456 Section OP 38 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

457 Consolidated ICA transfer to policyholder credit account (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

458 Section OP 44 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

3618 Reprinted as at 2 December 2011 Income Tax Act 2007 459 Table O19: imputation credits of consolidated imputation (1) (2) (3) (4) groups Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
460 Table O20: imputation debits of consolidated imputation (1) (2) (3) (4) (5) (6) groups Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (5) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(7) (8) Subsections (2) and (4) apply for the 2008–09 and later income years.
Subsection (3) applies for all income years beginning on or after 1 July 2009.

461 When credits and debits arise only in consolidated FDP group accounts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

(1) (2) 3619 Income Tax Act 2007 Reprinted as at 2 December 2011 (3) (4) Subsection (1) applies for all income years beginning on or after 1 July 2009.
Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

462 Section OP 56 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
463 Section OP 57 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

464 Section OP 61 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

465 Section OP 62 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
466 Consolidated FDPA refund of tax credit (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

3620 Reprinted as at 2 December 2011 Income Tax Act 2007 467 Section OP 74 replaced (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

468 Table O21: FDP credits of consolidated FDP groups Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.
(4) 469 Table O22: FDP debits of consolidated FDP groups Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for all income years beginning on or (3) after 1 July 2009.
Subsection (2) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

470 CTR accounts of consolidated groups (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
471 When credits and debits arise only in CTR group accounts (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

3621 Income Tax Act 2007 Reprinted as at 2 December 2011 472 Section OP 81 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

473 Section OP 82 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

474 Section OP 88 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

475 Section OP 95 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
476 Table O23: conduit tax relief credits of consolidated (1) (2) groups Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

477 Table O24: conduit tax relief debits of consolidated (1) (2) groups Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

478 Section OP 99 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3622 Reprinted as at 2 December 2011 Income Tax Act 2007 479 Heading and sections OP 105 to OP 108 repealed Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.

480 New heading and section OP 108B inserted Amendments incorporated in the principal Act.

(1) Subsection (1) applies for all income years beginning on or (2) after 1 July 2009.
481 Table O25: branch equivalent tax credits of consolidated (1) (2) BETA groups Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

482 Table O26 repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

483 Headings and sections OP 109 to OP 116 repealed Amendments incorporated in the principal Act.
(1) Subsection (1) applies–– (2) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

484 Tables O27 and O28 repealed (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for 3623 Income Tax Act 2007 Reprinted as at 2 December 2011 the tax year corresponding to the ﬁrst relevant income year.

485 ASCA lost excess available subscribed capital (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

486 Modifying ratios for imputation credits and FDP credits (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

488 What this Part does (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.
489 Tax obligations for employment-related taxes Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsections (1) to (3) apply for the 2008–09 and later income (5) years.

490 Withholding and payment obligations for passive income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for all income years beginning on or after 1 July 2009.

Subsection (2) applies for the 2008–09 and later income years.

(5) 491 When obligations not met (1) Amendments incorporated in the principal Act.

3624 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2008–09 and later income years.

Subsection (2) applies for all income years beginning on or after 1 July 2009.

492 Payment dates for interim and other tax payments Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.


(4) Subsection (1) applies for the 2008–09 and later income years.

(5) However, subsection (1) does not apply to a person in relation to a tax position taken by the person— (a) in the period from 1 April 2008 to the date of Royal assent of this Act; and in relation to the payment of FDP; and relying upon section RA 15(2) prior to the amendment made by subsection (1).
(b) (c) (6) Subsection (3) applies for all income years beginning on or after 1 July 2009.

493 Amalgamation of companies (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

494 Regulations (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
495 Application of other provisions for purposes of ESCT rules and NRWT rules Amendments incorporated in the principal Act.

(1) 3625 Income Tax Act 2007 Reprinted as at 2 December 2011 (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

496 Payment of terminal tax (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
497 Schedular income tax liability for ﬁling taxpayers for non-resident passive income Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 500 Attribution rule for income from personal services Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.
(3) 503 PAYE income payments (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (2) and (3) apply for the 2008–09 and later income years.
However, subsections (2) and (3) do not apply to a person in relation to a tax position taken by the person— (a) in the period from 1 April 2008 to the date of Royal assent of this Act; and relating to the treatment of an amount of income; and relying upon section RD 3(3) and (4) as they were prior to the amendment made by subsections (2) and (3).

(b) (c) 504 Salary or wages (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3626 Reprinted as at 2 December 2011 Income Tax Act 2007 (6) (7) (8) (9) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1), (2), and (6) apply for the 2008–09 and later income years.
(10) Subsections (3) and (4) apply for the 2008–09 and later income years.

507 Reduction in certain circumstances (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

508 Multiple payments of salary or wages (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies for the 2009–10 and later income years.

509 Advance payments of salary or wages (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

511 Payments of extra pay with other PAYE income payments (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
512 Schedular payments without notiﬁcation (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

514 PAYE income payment forms for amounts of tax paid to Commissioner Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

(1) (2) (3) 3627 Income Tax Act 2007 Reprinted as at 2 December 2011 Amendments incorporated in the principal Act.
(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.

(11) Subsections (4) and (7) apply for the 2008–09 and later income years.

517 Close company option (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.

518 Small business option (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (3) apply for the 2008–09 and later income years.

519 Employer’s superannuation contributions (1) (2) (3) (4) (5) (6) (7) (8) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3628 Reprinted as at 2 December 2011 Income Tax Act 2007 Amendments incorporated in the principal Act.

(9) (10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.

(12) Amendments incorporated in the principal Act.

(13) Subsections (1) to (6) and (8) to (11) apply for the 2008–09 and later income years.
520 Calculating amounts of tax for employer’s superannuation (1) (2) (3) (4) (5) contributions Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) to (3) apply for the 2008–09 and later income years.

521 Choosing to have amount treated as salary or wages Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.


(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Subsections (1) to (3) apply for the 2008–09 and later income (5) years.

522 Choosing different rates for employer’s superannuation (1) (2) (3) (4) contributions Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

523 Calculating amounts on failure to withhold Amendments incorporated in the principal Act.

(1) Amendments incorporated in the principal Act.

(2) Subsection (1) applies for the 2008–09 and later income years.
(3) 3629 Income Tax Act 2007 Reprinted as at 2 December 2011 524 Amounts of tax treated as paid to and received by (1) (2) (3) (4) superannuation funds Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

525 Resident passive income (1) (2) (3) (4) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.
However, subsections (1) and (2) do not apply to a person in relation to a tax position taken by the person— (a) in the period from 1 April 2008 to 3 December 2008; and in relation to the payment of an amount of resident pas- sive income to a non-resident engaged in business in New Zealand; and relying upon section RE 2 as it was prior to the amend- ment made by subsections (1) and (2).

(b) (c) 526 Obligation to withhold RWT (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

527 Persons who have withholding obligations (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

528 Agents’ or trustees’ obligations in relation to certain dividends Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


(1) (2) 3630 Reprinted as at 2 December 2011 Income Tax Act 2007 (3) Subsection (1) applies for all income years beginning on or after 1 July 2009.

529 Notiﬁcation by companies (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

530 (1) (2) Interest Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
531 Non-resident passive income (1) (2) (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

Subsection (4) applies for the 2008–09 and later income years.
However, subsection (4) does not apply to a person in relation to a tax position taken by the person— (a) (7) in the period from 1 April 2008 to 3 December 2008; and in relation to a payment of non-resident passive income; and relying on section RF 2(5) as it was prior to the amend- ment made by subsection (4).

(b) (c) (8) Subsection (3) applies for the 2010–11 and later income years.

533 When dividends fully imputed or fully credited (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

534 Non-cash dividends (1) (2) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

3631 Income Tax Act 2007 Reprinted as at 2 December 2011 (3) (4) (5) (6) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (3) apply for the 2008–09 and later income years.
536 Section RF 12 replaced by sections RF 12 to RF 12C Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 537 Credit balance in branch equivalent tax account Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 538 Using loss balances (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.
539 Reduction of payments for conduit tax relief Amendments incorporated in the principal Act.

(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 540 Subpart RG repealed (1) (2) Amendments incorporated in the principal Act.

Subsection (1) applies for all income years beginning on or after 1 July 2009.

543 Using refund to satisfy tax liability (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

544 Operation of PAYE intermediaries’ trust accounts Amendments incorporated in the principal Act.

(1) 3632 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsections (1) to (3) apply for the 2008–09 and later income years.

545 General responsibility of employers (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

547 Employer’s superannuation contributions (1) (2) (3) (4) Amendments incorporated in the principal Act.


Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

548 General responsibilities of PAYE intermediaries (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (1) applies for the 2008–09 and later income years.

554 Standard method: 2008–09 and 2009–10 income years (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

555 GST ratio method: 2008–09 and 2009–10 income years (1) (2) This section amends section YA 1.

Subsection (1) applies for the 2008–09 and later income years.

557 Deﬁnitions (1) (2) (3) (4) This section amends section YA 1.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


3633 Income Tax Act 2007 Reprinted as at 2 December 2011 Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Amendments incorporated in the principal Act.

(8) (9) Amendments incorporated in the principal Act.

(10) Amendments incorporated in the principal Act.

(11) Amendments incorporated in the principal Act.


(12) Amendments incorporated in the principal Act.

(13) Amendments incorporated in the principal Act.

(14) Amendments incorporated in the principal Act.

(15) Amendments incorporated in the principal Act.

(16) Amendments incorporated in the principal Act.

(17) Amendments incorporated in the principal Act.

(18) Amendments incorporated in the principal Act.

(19) Amendments incorporated in the principal Act.


(20) Amendments incorporated in the principal Act.

(21) Amendments incorporated in the principal Act.

(22) Amendments incorporated in the principal Act.

(23) Amendments incorporated in the principal Act.

(24) Amendments incorporated in the principal Act.

(25) Amendments incorporated in the principal Act.

(26) Amendments incorporated in the principal Act.

(27) Amendments incorporated in the principal Act.


(28) Amendments incorporated in the principal Act.

(29) Amendments incorporated in the principal Act.

(30) Amendments incorporated in the principal Act.

(31) Amendments incorporated in the principal Act.

(32) Amendments incorporated in the principal Act.

(33) Amendments incorporated in the principal Act.

(34) Amendments incorporated in the principal Act.

(35) Amendments incorporated in the principal Act.


(36) Amendments incorporated in the principal Act.

(37) Amendments incorporated in the principal Act.

(38) Amendments incorporated in the principal Act.

3634 Reprinted as at 2 December 2011 Income Tax Act 2007 (39) Amendments incorporated in the principal Act.

(40) Amendments incorporated in the principal Act.

(41) Amendments incorporated in the principal Act.

(42) Amendments incorporated in the principal Act.


(43) Amendments incorporated in the principal Act.

(44) Amendments incorporated in the principal Act.

(45) Amendments incorporated in the principal Act.

(46) Amendments incorporated in the principal Act.

(47) Amendments incorporated in the principal Act.

(48) Amendments incorporated in the principal Act.

(49) Amendments incorporated in the principal Act.

(50) Amendments incorporated in the principal Act.


(51) Amendments incorporated in the principal Act.

(52) Amendments incorporated in the principal Act.

(53) Amendments incorporated in the principal Act.

(54) Amendments incorporated in the principal Act.

(55) Amendments incorporated in the principal Act.

(56) Amendments incorporated in the principal Act.

(57) Amendments incorporated in the principal Act.

(58) Amendments incorporated in the principal Act.


(59) Amendments incorporated in the principal Act.

(60) Amendments incorporated in the principal Act.

(61) Amendments incorporated in the principal Act.

(62) Amendments incorporated in the principal Act.

(63) Amendments incorporated in the principal Act.

(64) Amendments incorporated in the principal Act.

(65) Amendments incorporated in the principal Act.

(66) Amendments incorporated in the principal Act.


(67) Amendments incorporated in the principal Act.

(68) Amendments incorporated in the principal Act.

(69) Amendments incorporated in the principal Act.

(70) Amendments incorporated in the principal Act.

(71) Amendments incorporated in the principal Act.

(72) Amendments incorporated in the principal Act.

3635 Income Tax Act 2007 Reprinted as at 2 December 2011 (73) Amendments incorporated in the principal Act.
(74) Amendments incorporated in the principal Act.

(75) Amendments incorporated in the principal Act.

(76) Amendments incorporated in the principal Act.

(77) Amendments incorporated in the principal Act.

(78) Amendments incorporated in the principal Act.

(79) Amendments incorporated in the principal Act.

(80) Amendments incorporated in the principal Act.

(81) Amendments incorporated in the principal Act.

(82) Amendments incorporated in the principal Act.


(83) Amendments incorporated in the principal Act.

(84) Amendments incorporated in the principal Act.

(85) Amendments incorporated in the principal Act.

(86) Amendments incorporated in the principal Act.

(87) Amendments incorporated in the principal Act.

(88) Amendments incorporated in the principal Act.

(89) Amendments incorporated in the principal Act.

(90) Amendments incorporated in the principal Act.


(91) Amendments incorporated in the principal Act.

(92) Amendments incorporated in the principal Act.

(93) Amendments incorporated in the principal Act.

(94) Amendments incorporated in the principal Act.

(95) Amendments incorporated in the principal Act.

(96) Amendments incorporated in the principal Act.

(97) Amendments incorporated in the principal Act.

(98) Amendments incorporated in the principal Act.


(99) Amendments incorporated in the principal Act.

(100) Amendments incorporated in the principal Act.

(101) Amendments incorporated in the principal Act.

(102) Amendments incorporated in the principal Act.

(103) Amendments incorporated in the principal Act.

(104) Amendments incorporated in the principal Act.

(105) Amendments incorporated in the principal Act.

(106) Amendments incorporated in the principal Act.
3636 Reprinted as at 2 December 2011 Income Tax Act 2007 (107) Amendments incorporated in the principal Act.

(108) Amendments incorporated in the principal Act.

(109) Amendments incorporated in the principal Act.

(110) Amendments incorporated in the principal Act.

(111) Amendments incorporated in the principal Act.

(112) Amendments incorporated in the principal Act.

(113) Amendments incorporated in the principal Act.

(114) Amendments incorporated in the principal Act.
(115) Amendments incorporated in the principal Act.

(116) Amendments incorporated in the principal Act.

(117) Amendments incorporated in the principal Act.

(118) Amendments incorporated in the principal Act.

(119) Amendments incorporated in the principal Act.

(120) Amendments incorporated in the principal Act.

(121) Amendments incorporated in the principal Act.

(122) Amendments incorporated in the principal Act.

(123) Amendments incorporated in the principal Act.
(124) Amendments incorporated in the principal Act.

(125) Amendments incorporated in the principal Act.

(126) Amendments incorporated in the principal Act.

(127) Amendments incorporated in the principal Act.

(128) Amendments incorporated in the principal Act.

(129) Amendments incorporated in the principal Act.

(130) Amendments incorporated in the principal Act.

(131) Amendments incorporated in the principal Act.

(132) Amendments incorporated in the principal Act.
(133) Amendments incorporated in the principal Act.

(134) Amendments incorporated in the principal Act.

(135) Amendments incorporated in the principal Act.

(136) Amendments incorporated in the principal Act.

(137) Amendments incorporated in the principal Act.

(138) Amendments incorporated in the principal Act.

(139) Amendments incorporated in the principal Act.

(140) Amendments incorporated in the principal Act.
3637 Income Tax Act 2007 Reprinted as at 2 December 2011 (141) Amendments incorporated in the principal Act.

(142) Amendments incorporated in the principal Act.

(143) Amendments incorporated in the principal Act.

(144) Amendments incorporated in the principal Act.

(145) Amendments incorporated in the principal Act.

(146) Amendments incorporated in the principal Act.

(147) Amendments incorporated in the principal Act.

(148) Amendments incorporated in the principal Act.
(149) Amendments incorporated in the principal Act.

(150) Amendments incorporated in the principal Act.

(151) Amendments incorporated in the principal Act.

(152) Amendments incorporated in the principal Act.

(153) Amendments incorporated in the principal Act.

(154) Amendments incorporated in the principal Act.

(155) Amendments incorporated in the principal Act.

(156) Amendments incorporated in the principal Act.

(157) Amendments incorporated in the principal Act.
(158) Amendments incorporated in the principal Act.

(159) Amendments incorporated in the principal Act.

(160) Amendments incorporated in the principal Act.

(161) Amendments incorporated in the principal Act.

(162) Amendments incorporated in the principal Act.

(163) Amendments incorporated in the principal Act.

(164) Amendments incorporated in the principal Act.

(165) Amendments incorporated in the principal Act.

(166) Amendments incorporated in the principal Act.
(167) Amendments incorporated in the principal Act.

(168) Amendments incorporated in the principal Act.

(169) Amendments incorporated in the principal Act.

(170) Amendments incorporated in the principal Act.

(171) Amendments incorporated in the principal Act.

(172) Amendments incorporated in the principal Act.

(173) Amendments incorporated in the principal Act.

(174) Amendments incorporated in the principal Act.
3638 Reprinted as at 2 December 2011 Income Tax Act 2007 (175) Amendments incorporated in the principal Act.

(176) Amendments incorporated in the principal Act.

(177) Amendments incorporated in the principal Act.

(178) Amendments incorporated in the principal Act.

(179) Amendments incorporated in the principal Act.

(180) Amendments incorporated in the principal Act.

(181) Amendments incorporated in the principal Act.

(182) Amendments incorporated in the principal Act.
(183) Amendments incorporated in the principal Act.

(184) Amendments incorporated in the principal Act.

(185) Amendments incorporated in the principal Act.

(186) Amendments incorporated in the principal Act.

(187) Amendments incorporated in the principal Act.

(188) Amendments incorporated in the principal Act.

(189) Amendments incorporated in the principal Act.

(190) Amendments incorporated in the principal Act.

(191) Amendments incorporated in the principal Act.
(192) Amendments incorporated in the principal Act.

(193) Amendments incorporated in the principal Act.

(194) Amendments incorporated in the principal Act.

(195) Amendments incorporated in the principal Act.

(196) Amendments incorporated in the principal Act.

(197) Amendments incorporated in the principal Act.

(198) Amendments incorporated in the principal Act.

(199) Amendments incorporated in the principal Act.

(200) Amendments incorporated in the principal Act.
(201) Amendments incorporated in the principal Act.

(202) Amendments incorporated in the principal Act.

(203) Amendments incorporated in the principal Act.

(204) Amendments incorporated in the principal Act.

(205) Amendments incorporated in the principal Act.

(206) Amendments incorporated in the principal Act.

(207) Amendments incorporated in the principal Act.

(208) Amendments incorporated in the principal Act.
3639 Income Tax Act 2007 Reprinted as at 2 December 2011 (209) Amendments incorporated in the principal Act.

(210) Amendments incorporated in the principal Act.

(211) Amendments incorporated in the principal Act.

(212) Amendments incorporated in the principal Act.

(213) Amendments incorporated in the principal Act.

(214) Amendments incorporated in the principal Act.

(215) Amendments incorporated in the principal Act.

(216) Amendments incorporated in the principal Act.
(217) Amendments incorporated in the principal Act.

(218) Amendments incorporated in the principal Act.

(219) Amendments incorporated in the principal Act.

(220) Amendments incorporated in the principal Act.

(221) Amendments incorporated in the principal Act.

(222) Amendments incorporated in the principal Act.

(223) Amendments incorporated in the principal Act.
(224) Subsections (7) and (141) apply— (a) (b) (ii) (ii) for an insurer who uses IFRS 4,–– (i) for the 2009–10 and later income years, unless subparagraph (ii) applies: for the ﬁrst income year for which an insurer adopts IFRSs for the purposes of ﬁnancial report- ing and later income years, if that ﬁrst income year is before the 2009–10 income year and the person chooses to use IFRS 4 in a return of in- come for that ﬁrst year: for a life insurer,–– (i) on and after 1 July 2010, unless subparagraph (ii) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(225) Subsections (5), (10), (29), (36), (42), (51), (54), (55), (57), (58), (59), (62), (68), (84), (88), (99), (109), (119), (130), (134), (144), (145), (146), (184), (187), (193), (195), (198), 3640 Reprinted as at 2 December 2011 Income Tax Act 2007 (199), (214), and (217) apply for the 2008–09 and later in- come years.
(226) Subsections (6), (12), (20), (27), (33), (35), (46), (56), (65), (67), (72), (87), (90), (112), (113), (120), (122), (124), (151), (152), (153), (161), (162), (163), (168), (169), (172), (178), (189), (190), (194), (201), (205), (207), (218), and (219) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(227) Subsections (2), (3), (4), (13), (15), (31), (44), (91), (100), (107), (115), (179), (180), and (196) apply, for the purposes of— (a) for the (b) (c) provisions other than the land provisions, 2010–11 and later income years: the land provisions other than section CB 11, for land acquired on or after the date on which this Act receives the Royal assent: section CB 11, for land on which improvements are be- gun on or after the date on which this Act receives the Royal assent.
(228) Subsections (50) and (52) apply for the 2008–09 and later in- come years.

However, subsections (50) and (52) do not apply to a person in relation to a tax position taken by the person— in the period from 1 April 2008 to 3 December 2008; (a) and in relation to the rate of tax applying to a schedular payment; and relying on the deﬁnition of employee or employer, as applicable, as the deﬁnition was before the amendment made by subsections (50) and (52).
(b) (c) (229) Subsections (8), (9), (11), (14), (16), (22), (23), (30), (34), (38), (40), (41), (43), (61), (70), (71), (74), (75), (77), (78), (79), (80), (89), (94), (96), (104), (117), (123), (128), (129), (182), (183), (185), (203), (208), (211), (212), (213), (215), 3641 Income Tax Act 2007 Reprinted as at 2 December 2011 and (216) apply for all income years beginning on or after 1 July 2009.

558 Meaning of income tax varied (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for all income years beginning on or after 1 July 2009.

563 Table, heading, and sections YB 1 to YB 20 replaced Amendments incorporated in the principal Act.
(1) Subsection (1) applies, for the purposes of— (2) (a) (b) (c) for the provisions other than the land provisions, 2010–11 and later income years: the land provisions other than section CB 11, for land acquired on or after the date on which this Act receives the Royal assent: section CB 11, for land on which improvements are be- gun on or after the date on which this Act receives the Royal assent.

568 Disregarding certain securities (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

571 Residence of natural persons (1) (2) (3) (4) (5) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsection (2) applies for the 2009–10 and later income years.

572 Country of residence of foreign companies (1) (2) Amendments incorporated in the principal Act.
Subsection (1) applies for the 2008–09 and later income years.

576 New section YZ 2 inserted (1) Amendments incorporated in the principal Act.

3642 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

577 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, (1) (2) (3) RWT, and attributed fringe beneﬁts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.


Subsection (1) applies— (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in this Act in a return of income for the tax year corresponding to the ﬁrst relevant income year.

579 Schedule 4—Rates of tax for schedular payments Amendments incorporated in the principal Act.
(1) Amendments incorporated in the principal Act.

(2) Amendments incorporated in the principal Act.

(3) Amendments incorporated in the principal Act.

(4) Amendments incorporated in the principal Act.

(5) Amendments incorporated in the principal Act.

(6) Amendments incorporated in the principal Act.

(7) Subsections (3) to (7) apply for the 2008–09 and later income (8) years.

580 Schedule 5—Fringe beneﬁt values for motor vehicles Amendments incorporated in the principal Act.
(1) Subsection (1) applies for the 2008–09 and later income years.

(2) 581 Schedule 13—Depreciable land improvements (1) (2) (3) Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

3643 Income Tax Act 2007 Reprinted as at 2 December 2011 582 Schedule 20—Expenditure on farming, horticultural, (1) (2) (3) aquacultural, and forestry improvements Amendments incorporated in the principal Act.


Subsections (1) and (2) apply for the 2008–09 and later income years.

583 Schedule 21—Expenditure and activities related to (1) (2) (3) research and development Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.

585 Schedule 25—Foreign investment funds (1) (2) (3) Amendments incorporated in the principal Act.


Subsection (2) applies for the 2008–09 and later income years.

589 Schedule 32—Recipients of charitable or other public (1) (2) (3) beneﬁt gifts Amendments incorporated in the principal Act.

Amendments incorporated in the principal Act.

Subsections (1) and (2) apply for the 2008–09 and later income years.
3644 Reprinted as at 2 December 2011 Income Tax Act 2007 Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 Public Act Date of assent Commencement 2009 No 63 7 December 2009 see section 2 1 Title This Act is the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009.

(2) (5) 2 (1) (3) (4) Commencement This Act comes into force on the day after the date on which it receives the Royal assent, except as provided in this section.
Sections 102 and 118(20) come into force on the day that the New Zealand Superannuation and Retirement Income Amend- ment Act 2009 comes into force.

Section 164 is treated as coming into force on 1 April 1995.

Sections 149, 150, 151, 152, 153, 155, 157, 158, 160, 161, 162(2), (5), (6), (7), (8), and (9), and 163, and schedule 2, rows 1, and 3 to 13 are treated as coming into force on 1 April 2005.

Sections 146 and 162(3) are treated as coming into force on 1 July 2007.
Section 159 and schedule 2, row 2 are treated as coming into force on 1 October 2007.

Section 154 is treated as coming into force on 19 December 2007.

Section 162(4) is treated as coming into force on 25 February 2008.

Section 156 is treated as coming into force on 4 March 2008.
(9) (10) Sections 80(1), 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 104(1), 105, 106, 107, 110, 111, 112, 113, 116, 117, 118(2), (3), (4), (8) (7) (6) 3645 Income Tax Act 2007 Reprinted as at 2 December 2011 (7), (8), (9), (10), (11), (12), (13), (14), (15), (16), (17), (24), (26), (27), (29), (31), (32), and (33), 121, 122(1), 123(1), 125, 126, 135, 139, and schedule 1, rows 2 to 17, 20, 22, 23, and 27 to 44 are treated as coming into force on 1 April 2008.
(11) Sections 19, 30, 43, and schedule 1, row 21 are treated as com- ing into force on 1 April 2009.

(12) Sections 23, 24, 25, 27, 28, and schedule 1, row 18 are treated as coming into force on 30 June 2009.

(13) Sections 147 and 165 are treated as coming into force on 1 July 2009.

(14) Sections 166 and 167 are treated as coming into force on 7 October 2009.

(15) Sections 74, 75, and 76 come into force on 7 January 2010.
(16) Sections 78(1), 114, 115, 118(21), and schedule 1, row 35 come into force on 1 February 2010.

(17) Sections 8, 9, 21, 22, 39, 46, 47, 48, 49, 50, 51, 52, 83, 103, 104(2), 108, 109, 118(5), (18), (22), (23), (25), and (36), 120, 122(2), (4), (5), and (6), 123(2) and (3), 124, 130, 131, 132, 133, and 134(1), (2), (3), (4), (5), (6), and (7), and schedule 1, rows 24 to 26 come into force on 1 April 2010.
(18) Sections 32, 33, 34, 35, 36, 37, 38, 118(6), (19), (28), and (34), and schedule 1, row 19 come into force on 1 July 2010.

(19) Sections 77, 78(2), (3), and (5), 118(35), 119, 122(3), and schedule 1, row 37 comes into force on 1 April 2011.

(20) Sections 73, 78(4) and (6), 79, 80(2), 81, 82, 118(30) and (40), and schedule 1, row 36 come into force on 1 April 2013.

Part 1 Amendments to Income Tax Act 2007 11 (1) (2) (3) Research or development Amendment(s) incorporated in the Act(s).


Subsections (1) and (2) apply for the 2008–09 and later income years.

3646 Reprinted as at 2 December 2011 Income Tax Act 2007 14 (1) (2) 15 (1) (2) 16 (1) (2) Cost of acquiring timber or right to take timber: other cases Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Section DP 11 replaced Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Acquiring ﬁlm rights Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

17 Mining exploration expenditure or mining development expenditure on acquisition of asset Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

(1) (2) 18 Meaning of income from forestry (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
19 (1) (2) 23 (1) (2) (3) (4) 24 (1) (2) Determination alternatives Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2009–10 and later income years.

Attributable CFC amount Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.

Net attributable CFC income or loss Amendment(s) incorporated in the Act(s).
Subsection (1) applies for all income years beginning on or after 1 July 2009.

3647 Income Tax Act 2007 Reprinted as at 2 December 2011 Adjustment of fraction for excessively debt funded CFC Amendment(s) incorporated in the Act(s).

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Attributable CFC amount and net attributable CFC income or loss Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Non-attributing active CFC: default test Amendment(s) incorporated in the Act(s).

Subsection (1) applies for all income years beginning on or after 1 July 2009.

Non-attributing active CFC: test based on accounting standard Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for all income years beginning on or after 1 July 2009.
Exemption for Australian unit trusts with adequate turnover or distributions Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Accounting proﬁts method Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
However, subsection (1) does not apply to a person in relation to a tax position taken by the person in a return of income ﬁled before the date of Royal assent of this Act in relation to the calculation of an income interest in a FIF, relying on section EX 49(6) before the amendment made by this section.
25 (1) (2) 26 (1) (2) 27 (1) (2) 28 (1) (2) (3) (4) 29 (1) (2) 31 (1) (2) 3648 Reprinted as at 2 December 2011 Income Tax Act 2007 33 (1) (2) (3) (4) (5) 34 (1) (2) 36 (1) (2) (3) (4) Policyholder base income: proﬁt participation policies Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (4) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Policyholder base allowable deductions: proﬁt participation policies Amendment(s) incorporated in the Act(s).

Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Shareholder base income: proﬁt participation policies Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (3) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009in a return of income for the tax year corresponding to the ﬁrst relevant income year.
3649 Income Tax Act 2007 Reprinted as at 2 December 2011 37 (1) (2) Shareholder base allowable deductions: proﬁt participation policies Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

38 Transitional adjustments: life risk (1) Amendment(s) incorporated in the Act(s).
(2) Amendment(s) incorporated in the Act(s).

(3) Amendment(s) incorporated in the Act(s).

(4) Amendment(s) incorporated in the Act(s).

(5) Amendment(s) incorporated in the Act(s).

(6) Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

(9) (10) Amendment(s) incorporated in the Act(s).

(11) Amendment(s) incorporated in the Act(s).


(12) Subsections (1) to (11) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
41 (1) (2) Attribution rule for income from personal services Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

3650 Reprinted as at 2 December 2011 Income Tax Act 2007 43 (1) (2) (3) (4) Beneﬁciary income Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for income years corresponding to the 2009–10 and later tax years.

44 Who is a settlor?


(1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
However, subsection (1) does not apply to a person in relation to a tax position taken by the person— (a) (b) (c) in the period that starts on the ﬁrst day of the 2008–09 income year and ends on the date of Royal assent of this Act; and in relation to a payment to an employee share purchase agreement in consideration of a valid salary sacriﬁce made by the employee; and relying upon paragraph (a)(i) of the deﬁnition of settlor in the Income Tax Act 2004, that the term settlor in the trust rules, and in the deﬁnitions of corpus, foreign trust, and settlement, for a trust other than a unit trust, means a person who makes, or has made at any time, a disposition of property to or for the beneﬁt of the trust or on terms of the trust for less than market value.
45 (1) (2) 54 (1) (2) (3) (4) (5) Unlisted company choosing to become portfolio listed company Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Tax losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


3651 Income Tax Act 2007 Reprinted as at 2 December 2011 Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

(6) (7) (8) (9) (10) Subsections (1) to (9) apply for the 2008–09 and later income years.

Using tax losses in tax year Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) and (2) apply for the 2008–09 and later income years.

Using loss balances carried forward to tax year Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

Restrictions on companies’ loss balances carried forward Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (3) apply for the 2008–09 and later income years.

Restrictions on companies grouping tax losses Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Restrictions relating to ring-fenced losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for the 2008–09 and later income years.
55 (1) (2) (3) 56 (1) (2) (3) 57 (1) (2) (3) (4) 58 (1) (2) 59 (1) (2) (3) (4) 3652 Reprinted as at 2 December 2011 Income Tax Act 2007 60 (1) (2) 61 (1) (2) 62 (1) (2) (3) (4) 63 (1) (2) (3) 64 (1) (2) (3) (4) (5) 65 (1) (2) General treatment Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

New section IQ 1B inserted Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Ring-fencing cap on attributed CFC net losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for the 2008–09 and later income years.

Ring-fencing cap on FIF net losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
Group companies using attributed CFC net losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (4) apply for the 2008–09 and later income years.

Pre-consolidation losses: general treatment Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
66 When group membership lacking in loss period Amendment(s) incorporated in the Act(s).

(1) Amendment(s) incorporated in the Act(s).

(2) 3653 Income Tax Act 2007 Reprinted as at 2 December 2011 (3) Subsections (1) and (2) apply for the 2008–09 and later income years.

67 When group membership lacking in tax year of use (1) (2) (3) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
General treatment of mining companies’ tax losses Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) to (3) apply for the 2008–09 and later income years.

Treatment of tax losses resulting from certain expenditure Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (6) apply for the 2008–09 and later income years.

Holding companies’ tax losses Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Petroleum miners’ tax losses Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
Life insurers’ policyholder net losses Amendment(s) incorporated in the Act(s).

68 (1) (2) (3) (4) 69 (1) (2) (3) (4) (5) (6) (7) 70 (1) (2) 71 (1) (2) 72 (1) 3654 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) (3) 84 (1) (2) 85 (1) (2) 87 (1) (2) (3) 89 (1) (2) (3) 91 (1) (2) (3) Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

Adjustments for calculation of family scheme income Amendment(s) incorporated in the Act(s).
Subsection (1) applies for the 2008–09 and later income years.

Calculation of maximum permitted ratios Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

ICA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

FDPA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).


Subsections (1) and (2) apply for the 2008–09 and later income years.

BETA credit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

93 MACA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

(1) Amendment(s) incorporated in the Act(s).


(2) Subsections (1) and (2) apply for the 2008–09 and later income (3) years.

3655 Income Tax Act 2007 Reprinted as at 2 December 2011 95 (1) (2) (3) 97 (1) (2) (3) 99 (1) (2) (3) Consolidated ICA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
Consolidated FDPA debit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

Consolidated BETA credit for loss of shareholder continuity Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.

101 Amounts treated as income tax (1) (2) Amendment(s) incorporated in the Act(s).
Subsection (1) applies for the 2008–09 and later income years.

104 Payment of extra pay with other PAYE income payments (1) (2) (3) (4) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

Subsection (2) applies for the 2010–11 and later income years.

105 RWT rules and their application (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.
106 Resident passive income (1) Amendment(s) incorporated in the Act(s).

3656 Reprinted as at 2 December 2011 Income Tax Act 2007 (2) Subsection (1) applies for the 2008–09 and later income years.

107 New section RE 10B inserted (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

110 When payment treated as non-resident passive income (1) (2) Amendment(s) incorporated in the Act(s).
Subsection (1) applies for the 2008–09 and later income years.

111 NRWT rules and their application (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

112 Obligation to withhold amounts of tax for non-resident (1) (2) (3) passive income Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Subsections (1) and (2) apply for the 2008–09 and later income years.
113 When amounts of tax not withheld or partly withheld (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

117 Overpaid RWT or NRWT (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

118 Deﬁnitions (1) (2) (3) (4) (5) (6) This section amends section YA 1.

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


3657 Income Tax Act 2007 Reprinted as at 2 December 2011 Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) (9) Amendment(s) incorporated in the Act(s).

(10) Amendment(s) incorporated in the Act(s).

(11) Amendment(s) incorporated in the Act(s).

(12) Amendment(s) incorporated in the Act(s).

(13) Amendment(s) incorporated in the Act(s).


(14) Amendment(s) incorporated in the Act(s).

(15) Amendment(s) incorporated in the Act(s).

(16) Amendment(s) incorporated in the Act(s).

(17) Amendment(s) incorporated in the Act(s).

(18) Amendment(s) incorporated in the Act(s).

(19) Amendment(s) incorporated in the Act(s).

(20) Amendment(s) incorporated in the Act(s).

(21) Amendment(s) incorporated in the Act(s).

(22) Amendment(s) incorporated in the Act(s).


(23) Amendment(s) incorporated in the Act(s).

(24) Amendment(s) incorporated in the Act(s).

(25) Amendment(s) incorporated in the Act(s).

(26) Amendment(s) incorporated in the Act(s).

(27) Amendment(s) incorporated in the Act(s).

(28) Amendment(s) incorporated in the Act(s).

(29) Amendment(s) incorporated in the Act(s).

(30) The deﬁnition of supplementary dividend holding company is omitted.

(31) Amendment(s) incorporated in the Act(s).


(32) Amendment(s) incorporated in the Act(s).

(33) Amendment(s) incorporated in the Act(s).

(34) Amendment(s) incorporated in the Act(s).

(35) The deﬁnition of year of payment is omitted.

(36) Amendment(s) incorporated in the Act(s).

(37) Subsections (2), (3), (4), (7), (8), (9), (10), (11), (12), (13), (14), (17), (27), (29), (31), (32), and (33) apply for the 2008–09 and later income years.
3658 Reprinted as at 2 December 2011 Income Tax Act 2007 (38) Subsections (5), (18), (22), (25), and (36) apply for the 2010–11 and later income years.
(39) Subsections (6), (19), (28), and (34) apply–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

(40) Subsection (30) applies for the 2013–14 and later income years.
121 Transparency of nominees (1) (2) Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2008–09 and later income years.

122 Schedule 1—Basic tax rates: income tax, ESCT, RSCT, RWT, and attributed fringe beneﬁts Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

In schedule 1, part D, table 3, “0.33” is replaced by “0.30” in each place where it appears.

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsection (1) applies for the 2008–09 and later income years.

Subsections (2), (4), (5), and (6) apply for the 2010–11 and later income years.

Subsection (3) applies for the 2011–12 and later income years.

(1) (2) (3) (4) (5) (6) (7) (8) (9) 123 Schedule 2—Basic tax rates for PAYE income payments (1) (2) (3) (4) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsection (1) applies for the 2008–09 and later income years.

3659 Income Tax Act 2007 Reprinted as at 2 December 2011 (5) Subsections (2) and (3) apply for the 2010–11 and later income years.

125 Schedule 51—Identiﬁed changes in legislation Amendment(s) incorporated in the Act(s).

(1) Amendment(s) incorporated in the Act(s).

(2) Subsections (1) and (2) apply for the 2008–09 and later income (3) years.
3660 Reprinted as at 2 December 2011 Income Tax Act 2007 Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 Public Act Date of assent Commencement 2010 No 109 7 September 2010 see section 2 1 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) Title This Act is the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010.
Commencement This Act comes into force on the day on which it receives the Royal assent, except as provided in this section.

Section 195(2) is treated as coming into force on 24 May 1999.

Section 198 is treated as coming into force on 21 December 2004.

Section 192 is treated as coming into force on 1 January 2005.

Sections 199, 202, 207(1) and (3), 208, and 211(1) and (3) are treated as coming into force on 1 April 2005.

Sections 200, 201, and 207(2) are treated as coming into force on 1 April 2007.
Sections 66, 131, 134, 135, 170, 204, 205, and 206 are treated as coming into force on 1 October 2007.

Sections 197 and 203 are treated as coming into force on 19 December 2007.
Sections 5, 10, 11, 17, 25, 26, 27, 30, 31, 36, 37, 38, 42, 52, 53, 54, 55, 57, 58, 59, 60, 61, , 63, 64, 65, 75, 81, 82, 83, 84, 86, 87, 89, 90, 92, 95, 97, 98, 99, 100, 105,106, 107, 108, 112, 116, 117(2), (4), (5), (8), (10), (23), (28), and (33), 118, 119, 121(1), (2), and (4), 127, 128, 130(1) to (3), 136, 138, 145, 195(5), and 211(2) and (4) are treated as coming into force on 1 April 2008.

(10) Section 195(4) is treated as coming into force on 1 July 2008.
3661 Income Tax Act 2007 Reprinted as at 2 December 2011 (11) Section 56 is treated as coming into force on 26 September 2008.

(12) Sections 6(1), (2), (3), and (5)(b), 20, 21, 28(1) and (5)(b) and 117(9), (18), (22), and (24) are treated as coming into force on 1 January 2009.

(13) Section 117(12) is treated as coming into force on 1 April 2009.

(14) Sections 43, 44, 103, 104, 109, 110, and 149(1) are treated as coming into force on 30 June 2009.
(15) Sections 178, 179, and 180 are treated as coming into force on 7 October 2009.

(16) Section 14 is treated as coming into force on 31 December 2009.

(17) Sections 23, 32 to 35, 117(11) and (14), and 126(3) are treated as coming into force on 1 January 2010.

(18) Sections 101 and 102 are treated as coming into force on 1 March 2010.
(19) Sections 7, 8, 9, 19, 24, 67, 70, 72(3) and (4), 73, 74, 80, 91, 93, 113, 115, 117(13), (15), (19), (20), (21), (29), and (34), 120, 121(3), 122, 123, 124, 126(6), 129, 130(4) and (5), 137, and 186 are treated as coming into force on 1 April 2010.

(20) Sections 76, 77, 78, 79, and 117(6), (25), and (31) are treated as coming into force on 1 June 2010.
(21) Sections 6(4) and (5)(a), 18, 22, 28(2), (3), (4), and (5)(a), 29, 45, 46, 47, 48, 49, 50, 85, 117(7), (26), and (35), 189(3), and 191 are treated as coming into force on 1 July 2010.

(22) Sections 39 to 41 and 51 come into force on 26 September 2010.

(23) Sections 69, 71, 72(1) and (2), and 111 come into force on 1 October 2010.

(24) Sections 12, 16, 68, 88, 96, 114, 117(16), (27), (30), and (32), 132, 133, and 173 come into force on 1 April 2011.
(25) Sections 13, 94, 117(3) and (17), 176(1) and (3), 183, 184, 188, and 189(1), (2), (4), and (5) come into force on the ﬁrst day of the second month after the month in which the Gov- ernments of Australia and New Zealand exchange notes, as 3662 Reprinted as at 2 December 2011 Income Tax Act 2007 provided by clause 21 of the Arrangement between them on trans-Tasman retirement savings portability.
Part 2 Amendments to Income Tax Act 2007 17 (1) (2) 27 (1) (2) Beneﬁts provided to employees who are shareholders or investors Amendment(s) incorporated in the Act(s).
Subsection (1)— (a) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken for the income year by the person— (i) (b) in the period from 1 April 2008 to the date of the Royal assent of this Act; and in a return of income, an FBT return, or a GST return ﬁled before the date of the Royal assent of this Act; and relying upon section CX 17(4) as it was before the amendment made by subsection (1).
(ii) (iii) Apportionment on disposal of business assets that include trading stock Amendment(s) incorporated in the Act(s).
Subsection (1)— (a) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken by the person— (i) (b) in a return of income ﬁled before 28 October 2009; and relating to an apportionment of an amount on a disposal of trading stock and other assets; and relying on section EB 24(1) as it was before the amendment made by subsection (1).
(ii) (iii) 3663 Income Tax Act 2007 Reprinted as at 2 December 2011 42 Meaning of controlled foreign company Amendment(s) incorporated in the Act(s).

(1) Subsection (1)— (2) (a) (b) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person in relation to a tax position taken by the person— (i) (ii) before 19 November 2009; and relying on the provision amended by this sec- tion as it was immediately before the amendment made by this section.
Part-year tax calculations Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (1) to (3) apply–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Outstanding claims reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
45 (1) (2) (3) (4) 46 (1) (2) 3664 Reprinted as at 2 December 2011 Income Tax Act 2007 47 (1) (2) 48 (1) (2) 49 (1) (2) Premium smoothing reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Unearned premium reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Capital guarantee reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.

50 (1) Transitional adjustments: life risk Amendment(s) incorporated in the Act(s).
3665 Income Tax Act 2007 Reprinted as at 2 December 2011 Amendment(s) incorporated in the Act(s).

(2) Amendment(s) incorporated in the Act(s).

(3) Amendment(s) incorporated in the Act(s).

(4) Amendment(s) incorporated in the Act(s).

(5) Amendment(s) incorporated in the Act(s).

(6) Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) (9) Amendment(s) incorporated in the Act(s).

(10) Amendment(s) incorporated in the Act(s).


(11) Amendment(s) incorporated in the Act(s).

(12) Amendment(s) incorporated in the Act(s).

(13) Amendment(s) incorporated in the Act(s).

(14) Amendment(s) incorporated in the Act(s).

(15) Amendment(s) incorporated in the Act(s).

(16) Amendment(s) incorporated in the Act(s).


(17) Subsections (1) to (15) apply–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
(b) Disposals of trading stock at below market value Amendment(s) incorporated in the Act(s).

Subsection (1)— (a) applies for the 2008–09 and later income years, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken by the person— (i) in a return of income ﬁled before 28 October 2009; and relating to a disposal of trading stock; and relying on section GC 1 as it was before the re- placement made by subsection (1).
(ii) (iii) 54 (1) (2) 3666 Reprinted as at 2 December 2011 Income Tax Act 2007 89 (1) (2) (3) (4) Limitation on deductions Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsections (2) and (3)— (a) (b) apply for the 2008–09 and later income years, except if paragraph (b) applies: do not apply for a person and an income year after the 2007–08 income year in relation to a tax position for the income year taken by the person— (i) (ii) before 19 November 2009; and relying on the provision amended by this sec- tion as it was immediately before the amendment made by this section.
117 Deﬁnitions (1) (2) (3) After the deﬁnition of Australian approved deposit fund, the This section amends section YA 1.

Amendment(s) incorporated in the Act(s).

following is inserted: “Australian complying superannuation scheme means an entity that is a complying superannuation fund for the purposes of Part 5, Division 2 of the Superannuation Industry (Supervi- sion) Act 1993 (Aust) and that is regulated by the Australian Prudential Regulation Authority”.

Amendment(s) incorporated in the Act(s).


(4) Amendment(s) incorporated in the Act(s).

(5) Amendment(s) incorporated in the Act(s).

(6) Amendment(s) incorporated in the Act(s).

(7) Amendment(s) incorporated in the Act(s).

(8) (9) Amendment(s) incorporated in the Act(s).

(10) Amendment(s) incorporated in the Act(s).

(11) Amendment(s) incorporated in the Act(s).

(12) Amendment(s) incorporated in the Act(s).

(13) Amendment(s) incorporated in the Act(s).

(14) Amendment(s) incorporated in the Act(s).


(15) Amendment(s) incorporated in the Act(s).

3667 Income Tax Act 2007 Reprinted as at 2 December 2011 (16) (17) In the deﬁnition of member, paragraph (b) is repealed.

In the deﬁnition of member credit contribution, after para- graph (a)(iii), the following is added: “(iv) a superannuation contribution that was trans- ferred from an Australian complying superannu- ation scheme and contributed to a KiwiSaver scheme:”.
(18) Amendment(s) incorporated in the Act(s).

(19) Amendment(s) incorporated in the Act(s).

(20) Amendment(s) incorporated in the Act(s).

(21) Amendment(s) incorporated in the Act(s).

(22) Amendment(s) incorporated in the Act(s).

(23) Amendment(s) incorporated in the Act(s).

(24) Amendment(s) incorporated in the Act(s).

(25) Amendment(s) incorporated in the Act(s).

(26) Amendment(s) incorporated in the Act(s).

(27) The deﬁnition of signiﬁcant ﬁnancial hardship is repealed.
(28) Amendment(s) incorporated in the Act(s).

(29) Amendment(s) incorporated in the Act(s).

(30) (31) Amendment(s) incorporated in the Act(s).

(32) The deﬁnition of withdrawal is repealed.

(33) Subsections (2), (5), (8), (23), and (28) apply for the 2008–09 In the deﬁnition of trust rules, paragraph (a) is repealed.

and later income years.

(34) Subsection (13) applies for the 2010–11 and later income years.
(35) Subsection (26) applies–– (a) (b) on and after 1 July 2010, except if paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
3668 Reprinted as at 2 December 2011 Income Tax Act 2007 121 Schedule 4––Rates of tax for schedular payments (1) (2) (3) (4) Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).


Subsection (2) applies to a payment for work and services made in the 2008–09 and later income years, other than a pay- ment–– (a) for work or services performed before the day that this Act receives the Royal assent; and from which the payer is not obliged to withhold an amount of tax, ignoring subsection (2).
(b) 3669 Income Tax Act 2007 Reprinted as at 2 December 2011 Taxation (GST and Remedial Matters) Act 2010 Public Act Date of assent Commencement 2010 No 130 20 December 2010 see section 2 1 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) Title This Act is the Taxation (GST and Remedial Matters) Act 2010.

Commencement This Act comes into force on the day after the date on which it receives the Royal assent, except as provided in this section.

Section 184 is treated as coming into force on 1 January 2005.
Sections 164, 165, 168, and 170 are treated as coming into force on 1 April 2005.

Section 169 is treated as coming into force on 1 April 2006.

Sections 166 and 167 are treated as coming into force on 1 Oc- tober 2007.

Section 12 is treated as coming into force on 30 November 2007.
Sections 28, 30, 37(1), 38, 41, 51, 52, 65, 66, 82, 83, 106, 108, 113, 117, 118, 119, 125, 126(1) and (3), 127, 128, 132(30), (32), and (46), 133, 141, 146(2), (4), (5), and (9), 147, 156, 160, and 188 are treated as coming into force on 1 April 2008.

Section 114 is treated as coming into force on 1 October 2008.

Sections 132(39) and 146(1), (6), and (8) are treated as coming into force on 1 April 2009.

(10) Sections 132(31) and 151 are treated as coming into force on 6 October 2009.
(11) Sections 43, 44, 57, 72, 75, 85, 86, 87, 88, 89, 90, 91, 92, 94, 97, 98, 99, 100, 105, 110, 130(2), 132(3), (13), and (22), and 146(3) and (7) are treated as coming into force on 1 April 2010.

(12) Sections 49 and 50 are treated as coming into force on 20 May 2010.

3670 Reprinted as at 2 December 2011 Income Tax Act 2007 (13) Sections 10(2), 11, 27, 47, 48, 58, 59, 132(35), and 180 are treated as coming into force on 1 July 2010.

(14) Sections 145, 182, and 183 come into force on 1 August 2010.
(15) Section 34 comes into force on 5 August 2010.

(16) Section 23 comes into force on 7 September 2010.

(17) Sections 22, 35, 42, 56(1) and (3), 116, 120 to 124, 131, and 157 come into force on 1 October 2010.

(18) Section 186 comes into force on 31 October 2010.

(19) Section 138 comes into force on 1 November 2010.
(20) Sections 4, 5, 6, 7, 8, 9, 10(1), (3), and (4), 14, 15, 16, 19, 21, 26, 31, 37(2) and (3), 39, 40, 46, 54, 56(2), (4), and (5), 62, 63, 67, 68, 69, 70, 73, 74, 76, 77, 78, 79, 81, 96(1), 104, 111, 112, 126(2) and (4), 132(2), (4), (5), (6), (7), (8), (9), (11), (12), (14), (15), (16), (19), (21), (23), (24), (25), (26), (27), (28), (33), (34), (36), (37), (38), (40), (41), (42), (44), (45), (47), (48), and (50), 135, 136, 137, 139(1)(b), (c), and (d), 140, 144, 149, 152, 154, 155, 158, 162, and 172 come into force on 1 April 2011.
(21) Section 96(2) comes into force on 1 April 2013.

(22) Section 115 comes into force on the ﬁrst day of the second month after the month in which the Governments of Australia and New Zealand exchange notes, as provided by clause 21 of the Arrangement between them on trans-Tasman retirement savings portability.

Part 2 Amendments to Income Tax Act 2007 58 (1) (2) Outstanding claims reserving amount: non-participation policies not annuities Amendment(s) incorporated in the Act(s).
Subsection (1) applies–– (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 3671 Income Tax Act 2007 Reprinted as at 2 December 2011 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
Transitional adjustments: life risk 59 (1)–(3) Amendment(s) incorporated in the Act(s).

Subsections (1), (2), and (3) apply–– (4) (a) (b) on and after 1 July 2010, unless paragraph (b) applies: for an income year that includes 1 July 2010 and later income years, if the life insurer chooses to apply the new life insurance rules in the Taxation (International Tax- ation, Life Insurance, and Remedial Matters) Act 2009 in a return of income for the tax year corresponding to the ﬁrst relevant income year.
84 (1) (2) 95 (1) (2) New section HL 19B inserted Amendment(s) incorporated in the Act(s).
Subsection (1) does not apply to a portfolio tax rate entity in relation to a tax position taken by the entity— (a) in the period from 1 April 2008 to the date of Royal assent of this Act; and in relation to the attribution of income to investors in the entity and the determination of net amounts in section HL 19; and relying on the rules related to portfolio investment en- tities as they were before the amendment made by sub- section (1).
(b) (c) New section HM 35B inserted Amendment(s) incorporated in the Act(s).

Subsection (1) applies for the 2010–11 and later income years.
However, subsection (1) does not apply to a multi-rate PIE in relation to a tax position taken by the PIE— (a) in the period from 1 April 2010 to the date of Royal assent of this Act; and in relation to the attribution of income to investors in the PIE and the determination of net amounts in section HM 35; and (b) 3672 Reprinted as at 2 December 2011 Income Tax Act 2007 (c) relying on the PIE rules as they were before the amend- ment made by subsection (1).
115 Treatment of tax credits on permanent emigration other (1) (2) than to Australia In the heading to section MK 8(1), “other than to Australia” is omitted.

In section MK 8(1), “to a place other than Australia” is omit- ted.

3673 Income Tax Act 2007 Reprinted as at 2 December 2011 Taxation (Tax Administration and Remedial Matters) Act 2011 Public Act Date of assent Commencement 2011 No 63 29 August 2011 see section 2 Title This Act is the Taxation (Tax Administration and Remedial Matters) Act 2011.
Commencement This Act comes into force on the date on which it receives the Royal assent, except as provided in this section.

Sections 219 and 222 are treated as coming into force on 1 April 1995.

Sections 220 and 221 are treated as coming into force on 1 April 1997.

Sections 192, 193, 194, 195, 196, 197, 198, 201, 206, 207, and 208 are treated as coming into force on 1 April 2005.

Sections 199, 200, and 202 are treated as coming into force on 1 April 2007.
Sections 203, 204, and 205 are treated as coming into force on 1 October 2007.
Sections 4, 7, 12, 13, 17, 18, 19, 20, 22, 31, 32, 33, 34, 35, 40, 41, 45(1), (3), (4), and (6), 46, 48, 49, 50, 91, 92(1) and (3), 93, 94(1), (3), (7), (8), and (10), 96(1), (3), (4), and (5), 97(1), (2), (3), (6), and (8), 98, 99, 100, 101, 102, 103, 104, 108, 112, 113, 114, 115, 116, 117, 118, 119, 120, 121, 122, 124, 130(3), (5), (10), (15), (16), and (19), 131, 133, 135, 140, 161, and 210 are treated as coming into force on 1 April 2008.
Section 130(14) is treated as coming into force on 1 January 2009.

Sections 21(1) and (3), 37(1), (3), and (5), 39, 42, 44(1) and (3), 94(4), (5), (6), (9), and (11), 95, 96(2) and (6), 97(5), (7), and (9), and 130(6), (8), and (17) come into force on 30 June 2009.

1 2 (1) (2) (3) (4) (5) (6) (7) (8) (9) 3674 Reprinted as at 2 December 2011 Income Tax Act 2007 (10) Sections 109 and 110 come into force on 5 January 2010.
(11) Sections 53, 54(1) and (5), 59(1) and (2), 65, 80(1), (3), (4), and (5), 106(1) and (3), and 130(9) and (18) are treated as coming into force on 1 April 2010.

(12) Section 237 comes into force on 1 July 2010.

(13) Sections 5, 11, 23, 24, 25, 26, 27, 43, and 188 are treated as coming into force on 4 September 2010.

(14) Sections 47, 130(2), and 160 are treated as coming into force on 30 September 2010.

(15) Section 136(8) is treated as coming into force on 1 October 2010.
(16) Section 45(2) and (5) are treated as coming into force on the day of introduction for the Taxation (Tax Administration and Remedial Matters) Bill.

(17) Sections 28, 29, 30, 88, 89, 107, 134, 136(1), (2), (3), (6), (7), and (9), 139, 209, 235(1)(b) and (c), (2), and (3), 236, 238, 239, 240, 241, 243, 244(2) and (3) are treated as coming into force on 1 April 2011.

(18) Section 132 is treated as coming into force on 1 May 2011.
(19) Sections 92(2), 94(2) and (12), and 97(4) and (10) come into force on 1 July 2011.

(20) Section 245 comes into force on 1 October 2011.

(21) Sections 9(3) and (5), 71, 81, 106(2) and (4), 123, 130(13) and (20), 136(4) and (5), and 138 come into force on 1 April 2012.

(22) Sections 21(2) and (4), 37(2), (4), and (6), and 44(2) and (4) come into force on 30 June 2013. Dividend within New Zealand wholly-owned group 8 (1)–(2) Amendment(s) incorporated in the Act(s).
Subsections (1) and (2) apply to— (3) (a) dividends derived by a company, other than a Maori authority, on or after the ﬁrst day of the company’s 2010–11 income year; or dividends derived by a Maori authority on or after the ﬁrst day of the Maori authority’s 2012–13 income year.

(b) 3675 Income Tax Act 2007 Reprinted as at 2 December 2011 New section DB 3B Amendment(s) incorporated in the Act(s).
Subsection (1) applies— (a) (b) for the 2010–11 and later income years; and for the 2009–10 income year,— (i) (ii) for a person who has not furnished a return of in- come for the income year on or before 24 Novem- ber 2010; or for a person who has furnished a return of income on or before 24 November 2010, only in relation to an amount of interest imposed under Part 7 of the Tax Administration Act 1994 that the person has treated as a deduction in the return or in a notice of proposed adjustment issued before that date: (c) for the 2008–09 income year, only in relation to an amount of interest imposed under Part 7 of the Tax Ad- ministration Act 1994 that the person has treated as a deduction— (i) in a return of income that they have furnished on or before 24 November 2010: in a notice of proposed adjustment that is issued on or before 24 November 2010.
(ii) Limits on choice of calculation methods Amendment(s) incorporated in the Act(s).
Subsection (1)— (a) (b) applies for income years beginning on or after 1 July 2009, except if paragraph (b) applies: does not apply for a person and an income year in rela- tion to a tax position taken by the person— (i) in a return of income ﬁled before the date of Royal assent to the Taxation (Tax Administration and Remedial Matters) Act 2011; and relating to the calculation of FIF income or loss from shares; and relying on section EX 46(10)(a) as it was before the replacement made by subsection (1).
(ii) (iii) 13 (1) (2) 39 (1) (2) 3676 Reprinted as at 2 December 2011 Income Tax Act 2007 Apportionment of interest by excess debt entity 45 (1)–(4) Amendment(s) incorporated in the Act(s).
(5) Subsection (2) does not apply to a person and an income year in relation to a tax position taken by the person— (a) in a return of income ﬁled before the date on which the Taxation (Tax Administration and Remedial Matters) Bill is reported to the House of Representatives by the select committee considering the bill; and relating to the apportionment of interest expenditure; and relying on section FE 6(3)(ac) as it was before the re- placement made by subsection (2).
(b) (c) (6) Subsection (3) applies for the 2008–09 and later income years.

Further eligibility requirements relating to investments 49 (1) After section HL 10(2)(b)(vii), the following is added: “(viii) an amount of income under section CW 4 (An- nuities under life insurance policies) or CX 40 (Superannuation fund deriving amount from life insurance policy).” (2) Subsection (1) applies for the 2008–09 and later income years.
50 Portfolio entity tax liability and tax credits of portfolio tax rate entity for period (1) After section HL 21(12), the following is added: “Determining investors’ prescribed investor rate “(13) For the purposes of determining the item rate in subsection (9), the taxable income of the investor does not include an amount that— “(a) arises because their portfolio investor rate is lower than their prescribed investor rate; and is treated as taxable income because section CX 56 (Portfolio investor allocated income and distributions of income by portfolio investment entities) does not apply.” “(b) (2) (3) In section HL 21, in the list of deﬁned terms, “prescribed in- vestor rate” and “taxable income” are inserted.
Subsection (1) applies for the 2008–09 and later income years.

3677 Income Tax Act 2007 Reprinted as at 2 December 2011 Ring-fencing cap on attributed CFC net losses 94 (1)–(2) Amendment(s) incorporated in the Act(s).
(3) Section IQ 2(1), other than its heading, is replaced by the fol- lowing: “(1) The total amount of attributed CFC net loss and FIF net loss, relating to a CFC or FIF that is resident in the jurisdiction when the loss arises, that is subtracted from the person’s net income for the tax year is— “(a) the total amount of attributed CFC income and FIF in- come calculated under the branch equivalent method that the person derives in the tax year in relation to a CFC or FIF that is resident in the jurisdiction, if that amount is less than or equal to the amount referred to in paragraph (b); or the total amount of such attributed CFC net loss and FIF net loss that— “(i) “(ii) the person carries forward to the tax year: is made available in the tax year to the person by another company in the same group.” “(b) (4)–(9) Amendment(s) incorporated in the Act(s).
(10) Subsections (1), (3), and (7) apply for the 2008–09 and later income years.

(11)–(12) Amendment(s) incorporated in the Act(s).


“(1) 96 (1) Ring-fencing cap on FIF net losses Section IQ 3(1), other than the heading, is replaced by the following: If a person’s FIF net loss is carried forward to a tax year or FIF net loss is made available to the person in the tax year, the FIF net loss may be subtracted, under section IQ 2, from the person’s net income for the tax year.” (2)–(4) Amendment(s) incorporated in the Act(s).
(5) Subsections (1), (3), and (4) apply for the 2008–09 and later income years.

Amendment(s) incorporated in the Act(s).

(6) 130 Deﬁnitions (1)–(12) Amendment(s) incorporated in the Act(s).

3678 Reprinted as at 2 December 2011 Income Tax Act 2007 (14)–(15) Amendment(s) incorporated in the Act(s).
(16) Subsection (5) does not apply in relation to a tax position taken by a person— (a) in the period from 1 April 2008 to 30 November 2010; and in relation to the payment of fringe beneﬁt tax; and relying on section RD 3(2) to (4) in the absence of the amendment made by subsection (5).

(b) (c) (17)–(19) Amendment(s) incorporated in the Act(s).
3679 Notes Income Tax Act 2007 Reprinted as at 2 December 2011 Contents 1 2 3 General About this eprint List of amendments incorporated in this eprint (most recent ﬁrst) General This is an eprint of the Income Tax Act 2007.

The eprint incorporates all the amendments to the Act as at 2 December 2011.

The list of amendments at the end of these notes speciﬁes all the amendments incorporated into this eprint since 3 September 2007.
Relevant provisions of any amending enactments that contain transitional, savings, or application provisions that cannot be compiled in the eprint are also included, after the principal enactment, in chronological order.

eprint has not been ofﬁcialised.

About this eprint This For more information about eprints and ofﬁcialisation, please see http://www.pco.parliament.govt.nz/eprints/.
List of amendments incorporated in this eprint (most recent ﬁrst) Local Government Borrowing Act 2011 (2011 No 77): section 14 Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63): sections 4 to 140 Taxation (Canterbury Earthquake Measures) Act 2011 (2011 No 24): sections 4, 5, 7–9, 11(2) Taxation (Annual Rates and Budget Measures) Act 2011 (2011 No 23): sections 6, 7 Financial Reporting Amendment Act 2011 (2011 No 22): section 12 Land Transport (Road Safety and Other Matters) Amendment Act 2011 (2011 No 13): section 100(3) Kiwisaver Amendment Act 2011 (2011 No 8): section 56 Financial Markets Authority Act 2011 (2011 No 5): sections 82, 85(1) Research, Science, and Technology Act 2010 (2010 No 131): section 18 Notes 1 2 3 3680 Reprinted as at 2 December 2011 Income Tax Act 2007 Notes Taxation (GST and Remedial Matters) Act 2010 (2010 No 130): sections 26–95, 96(1),97–114,116–141, 189 Governor-General Act 2010 (2010 No 122): sections 22–25 Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109): sections 5–12, 14–93, 95–116, 117(2), (4)–(16), (18)–(35), 118–124 Taxation (Deﬁnitions of Dependent Child) Act 2010 (2010 No 104): section 7 Local Government (Auckland Transitional Provisions) Act 2010 (2010 No 37): section 113(1) Taxation (Budget Measures) Act 2010 (2010 No 27): sections 4–40 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 75, 76, 77, 78, 79, 80, 81–94, 96(2)–(5), (7)–(9), 97–99 Accident Compensation Amendment Act 2010 (2010 No 1): section 49 Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63): sections 4–72, 74–77, 78(1)–(3), (5), 80(1), 83–117, 118(2)–(20), (22)-(29), (31)–(36), 119–121, 122, 123–126 Income Tax (Minimum Family Tax Credit) Order 2009 (SR 2009/367): clause 3 Immigration Act 2009 (2009 No 51): section 406(1) Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34): sections 4–594 Taxation (Business Tax Measures) Act 2009 (2009 No 5):
 sections 4–22, 29– 31 Taxation (Urgent Measures and Annual Rates) Act 2008 (2008 No 105): sections 5–14, 19, 20, 21, 22, 29(1), 31 33, 34, 35, 36, 37, 52–57 Income Tax (Minimum Family Tax Credit) Order 2008 (SR 2008/384): clause 3 Climate Change Response (Emissions Trading) Amendment Act 2008 (2008 No 85): sections 68–76 Taxation (Personal Tax Cuts, Annual Rates, and Remedial Matters) Act 2008 (2008 No 36): sections 5–8, 13–16, 20–52 Taxation (Limited Partnerships) Act 2008 (2008 No 2): sections 4–26 Taxation (KiwiSaver) Act 2007 (2007 No 110): sections 123–137 Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109): sections 307–562 3681