A 1 Title

A 2 Commencement

AA 1 Purpose of Act

AA 2 Interpretation

AA 3 Definitions

BA 1 Purpose

BB 1 Imposition of income tax

BB 2 Main obligations

BB 3 Overriding effect of certain matters

BC 1 Non-filing and filing taxpayers

BC 2 Annual gross income

BC 3 Annual total deduction

BC 4 Net income and net loss

BC 5 Taxable income

BC 6 Income tax liability of filing taxpayer

BC 7 Income tax liability of person with schedular income

BC 8 Surplus rebates

BC 9 Satisfaction of income tax liability

BC 10 Surplus credits

BD 1 Income, exempt income, excluded income, non-residents' foreign-sourced income, and assessable income

BD 2 Deductions

BD 3 Allocation of income to particular income years

BD 4 Allocation of deductions to particular income years

BE 1 Withholding liabilities

BF 1 Other obligations

BG 1 Tax avoidance

BH 1 Double tax agreements

CA 1 Amounts that are income

CA 2 Amounts that are exempt income or excluded income

CB 1 Amounts derived from business

CB 2 Profit-making undertaking or scheme

CB 3 Personal property acquired for purpose of disposal

CB 4 Business of dealing in personal property

CB 4B Disposal of certain shares by portfolio investment entity or New Zealand Superannuation Fund after declaration of dividend

CB 5A Land partially sold or sold with other land

CB 5 Disposal: land acquired for purpose or with intention of disposal

CB 6 Disposal: land acquired for purposes of business relating to land

CB 6B Disposal: Land used for landfill, if notice of election

CB 7 Disposal within 10 years: land dealing business

CB 8 Disposal within 10 years: land development or subdivision business

CB 9 Disposal within 10 years of improvement: building business

CB 10 Disposal: schemes for development or division begun within 10 years

CB 11 Disposal: amount from major development or division and not already in income

CB 12 Disposal: amount from land affected by change and not already in income

CB 13 Transactions between associated persons

CB 14 Residential exclusion from sections CB 5 to CB 9

CB 15 Residential exclusion from sections CB 10 and CB 11

CB 16 Residential exclusion from section CB 12

CB 17 Business exclusion from sections CB 5 to CB 9

CB 18 Business exclusion from sections CB 10 and CB 11

CB 19 Farm land exclusion from sections CB 10 and CB 11

CB 20 Farm land exclusion from section CB 12

CB 21 Investment exclusion from sections CB 10 and CB 11

CB 22 Disposal of timber or right to take timber

CB 23 Disposal of land with standing timber

CB 24 Income equalisation schemes

CB 24B Environmental restoration accounts

CB 25 Disposal of minerals

CB 26 Sale of patent applications or patent rights

CB 27 Sale of business: transferred employment income obligations

CB 28 Property obtained by theft

CB 29 Disposal of ETS units

CC 1 Land

CC 2 Non-compliance with covenant for repair

CC 3 Financial arrangements

CC 4 Payments of interest

CC 5 Annuities

CC 6 Prizes received under Building Societies Act 1965

CC 7 Consideration other than in money

CC 8 Use of money interest payable by Commissioner

CC 8B Certain commercial bills: non-resident holders

CC 9 Royalties

CC 10 Films

CD 1 Dividend

CD 1B Distribution excluded from being dividend

CD 2 Meaning of dividend

CD 3 Transfers of value generally

CD 4 What is a transfer of value?

CD 5 When is a transfer caused by a shareholding relationship?

CD 6 Bonus issues in lieu of dividend

CD 7 Elections to make bonus issue into dividend

CD 7B Interests in money or property of foreign unit trust

CD 7C Bonus issue by foreign unit trust instead of money or property

CD 8 Notional distributions of producer boards and co-operative companies

CD 9 Tax credits linked to dividends

CD 10 Certain dividends not increased by tax credits

CD 10B Credit transfer notice

CD 10C Dividend reduced if foreign tax paid on company's income

CD 11 Foreign tax credits and refunds linked to dividends

CD 12 Benefits of shareholder-employees or directors

CD 13 Attributed repatriations from controlled foreign companies

CD 14 Returns of capital: off-market share cancellations

CD 15 Ordering rule and slice rule

CD 16 Returns of capital: on-market share cancellations

CD 17 Treasury stock acquisitions

CD 18 Capital distributions on liquidation or emigration

CD 19 Property made available intra-group

CD 20 Transfers of certain excepted financial arrangements within wholly-owned groups

CD 21 Non-taxable bonus issues

CD 21B Transfer by unit trust of legal interest after beneficial interest vests

CD 22 Flat-owning companies

CD 23 Employee benefits

CD 24 Payments corresponding to notional distributions of producer boards and co-operative companies

CD 24B Distribution to member of co-operative company based on member's transactions

CD 25 Qualifying amalgamations

CD 26 Foreign investment fund income

CD 27 General calculation rule for transfers of value

CD 28 Calculation of amount of dividend when property made available

CD 29 Adjustment if dividend recovered by company

CD 30 Adjustment if amount repaid later

CD 31 Adjustment if additional consideration paid

CD 32 Available subscribed capital amount

CD 33 Available capital distribution amount

CD 34 When does a person have attributed repatriation from a CFC?

CD 35 New Zealand repatriation amount

CD 36 New Zealand property amount

CD 37 Cost of tangible property

CD 38 Cost of associated party equity

CD 39 Outstanding balances of financial arrangements

CD 40 Property transfers between associated persons

CD 41 Unrepatriated income balance

CD 42 Prevention of double taxation of share cancellation dividends

CD 43 Replacement payments

CE 1 Amounts derived in connection with employment

CE 2 Value and timing of benefits under share purchase agreements

CE 3 Restrictions on disposal of shares under share purchase agreements

CE 4 Adjustments to value of benefits under share purchase agreements

CE 5 Meaning of expenditure on account of an employee

CE 6 Meaning of share: when share acquired

CE 7 Meaning of share purchase agreement

CE 8 Attributed income from personal services

CE 9 Restrictive covenants

CE 10 Exit inducements

CE 11 Proceeds from claims under policies of income protection insurance

CE 12 Tax credits under section LD 1B added to provider's income

CF 1 Benefits, pensions, compensation, and government grants

CF 2 Remission of specified suspensory loans

CG 1 Amount of depreciation recovery income

CG 2 Remitted amounts

CG 3 Bad debt repayment

CG 4 Recovered expenditure or loss

CG 5 Recoveries or receipts by employers from superannuation schemes

CG 6 Receipts from insurance, indemnity, or compensation for trading stock

CH 1 Adjustment for closing values of trading stock, livestock, and excepted financial arrangements

CH 2 Adjustment for prepayments

CH 3 Adjustment for deferred payment of employment income

CH 4 Adjustment for change to accounting practice

CH 5 Adjustment for GST

CP 1 Portfolio investor allocated income

CQ 1 Attributed controlled foreign company income

CQ 2 When attributed CFC income arises

CQ 3 Calculation of attributed CFC income

CQ 4 Foreign investment fund income

CQ 5 When FIF income arises

CQ 6 Calculation of FIF income

CR 1 Income of life insurer

CR 2 Amount of income of life insurer

CR 3 Income for general insurance outstanding claims reserve

CS 1 Withdrawals

CS 2 Exclusions of withdrawals of various kinds

CS 3 Exclusion of withdrawal on grounds of hardship

CS 4 Exclusion of withdrawal to settle division of relationship property

CS 5 Exclusion of withdrawal paid as annuity or pension

CS 6 Exclusion of withdrawal on partial retirement

CS 7 Exclusion of withdrawal when member ends employment

CS 8 Exclusion of withdrawal when member ends employment: lock-in rule

CS 9 Exclusion of withdrawal from defined benefit fund when member ends employment

CS 10 When member treated as not ending employment

CS 10B Exclusion of permitted withdrawals from KiwiSaver schemes and complying superannuation funds

CS 11 Transfer by superannuation fund to another superannuation fund

CS 12 Transfer from superannuation scheme to superannuation fund

CS 13 Investment by superannuation fund in another superannuation fund

CS 14 Superannuation fund becomes superannuation scheme

CS 15 Superannuation fund becomes foreign superannuation scheme

CS 16 Superannuation scheme becomes superannuation fund

CS 17 Superannuation fund wound up

CT 1 Disposal of exploratory material or petroleum mining asset

CT 2 Damage to assets

CT 3 Exploratory well used for commercial production

CT 4 Partnership interests and disposal of part of asset

CT 5 Petroleum mining operations outside New Zealand

CT 6 Meaning of petroleum miner

CT 6B Meaning of petroleum mining operations

CT 7 Meaning of petroleum mining asset

CU 1 Mining company's 2 kinds of income

CU 2 Mining company that processes or manufactures

CU 3 Disposal of assets

CU 4 Compensation for lost, destroyed, or damaged assets

CU 5 Compensation and scrap payment: income from mining

CU 6 Compensation and scrap payment: use to replace or repair asset

CU 7 Compensation and scrap payment: not income from mining

CU 8 Compensation and scrap payment: more than expenditure

CU 9 Previous deduction for income appropriated

CU 10 Mining asset used to derive income other than income from mining

CU 11 Meaning of asset for sections CU 3 to CU 10

CU 12 Application of sections to resident mining operators

CU 13 Application of sections to non-resident mining operators

CU 14 Recovery of reinvestment profit on disposal of mining shares

CU 15 Recovery of reinvestment profit not used for mining purposes

CU 16 Recovery of reinvestment profit on repayment of loans

CU 17 Repayment by mining company of amount written off

CU 18 Amount treated as repayment for purposes of section CU 17: excess

CU 19 Amount treated as repayment for purposes of section CU 17: net income

CU 20 Mining company or mining holding company liquidated

CU 21 Meaning of income from mining

CU 22 Meaning of mining company

CU 23 Meaning of mining development expenditure

CU 24 Meaning of mining exploration expenditure

CU 25 Meaning of mining operations

CU 26 Meaning of mining venture

CU 27 Meaning of resident mining operator

CU 28 Meaning of specified mineral

CU 29 Other definitions

CV 1 Group companies

CV 2 Crown Research Institutes

CV 3 Australian wine producer rebate

CV 4 Regulations: Australian wine producer rebate

CW 1 Forestry companies established by Crown, Maori owners, and holding companies buying land with standing timber from founders

CW 2 Forestry encouragement agreements

CW 3 Forestry companies and Maori investment companies

CW 3B Pre-1990 forest land units: emissions trading scheme [Repealed]

CW 4 Annuities under life insurance policies

CW 5 Payments of interest: post-war credits

CW 6 Payments of interest: farm mortgages

CW 7 Foreign-sourced interest

CW 8 Money lent to government of New Zealand

CW 9 Dividend derived by company from overseas

CW 10 Dividend within New Zealand wholly-owned group

CW 11 Dividend of conduit tax relief holding company

CW 11B Proceeds of share disposal by qualified foreign equity investor

CW 11C Proceeds from share or option acquired under venture investment agreement

CW 12 Income of Governor-General

CW 13 Expenditure on account, and reimbursement, of employees

CW 13B Relocation payments

CW 13C Payments for overtime meals and certain other allowances

CW 14 Allowance for additional transport costs

CW 15 Amounts derived during short-term visits

CW 16 Amounts derived by visiting entertainers (including sportspersons)

CW 17 Amounts derived by visiting crew of pleasure craft

CW 18 Amounts derived by overseas experts and trainees in New Zealand by government arrangement

CW 19 Income for military or police service in operational area

CW 20 Deferred military pay for active service

CW 21 Value of board for religious society members

CW 22 Jurors' and witnesses' fees

CW 22B Certain income derived by transitional resident

CW 23 Pensions

CW 23B Reinvested amount from foreign superannuation scheme in Australia

CW 24 Annuities from Crown Bank Accounts

CW 25 Services for members of Parliament

CW 26 Maintenance payments

CW 27 Allowances and benefits

CW 28 Compensation payments

CW 28B Payment of certain accident compensation payments

CW 29 Scholarships and bursaries

CW 30 Film production grants

CW 31 Public authorities

CW 32 Local authorities

CW 33 Local and regional promotion bodies

CW 34 Charities: non-business income

CW 35 Charities: business income

CW 36 Charitable bequests

CW 37 Friendly societies

CW 38 Funeral trusts

CW 39 Bodies promoting amateur games and sports

CW 40 TAB and racing clubs

CW 40B Income from conducting gaming-machine gambling

CW 41 Bodies promoting scientific or industrial research

CW 42 Veterinary services bodies

CW 43 Herd improvement bodies

CW 44 Community trusts

CW 45 Non-resident aircraft operators

CW 45B Non-resident company involved in exploration and development activities

CW 46 Disposal of companies' own shares

CW 47 New Zealand companies operating in Niue

CW 48 Stake money

CW 49 Providing standard-cost household service

CW 49B Interest paid under KiwiSaver Act 2006

CW 49C Income of certain international funds

CW 49D Distributions by certain international funds

CW 50 Exemption under other Acts

CW 51 Exemption under Parts to be rewritten

CX 1 GST

CX 1B KiwiSaver and complying superannuation fund tax credits

CX 2 Meaning of fringe benefit

CX 3 Excluded income

CX 4 Relationship with assessable income

CX 5 Relationship with exempt income

CX 6 Private use of motor vehicle

CX 6B Employer or associated person treated as having right to use vehicle under arrangement

CX 7 Private use of motor vehicle: use by more than 1 employee

CX 8 Subsidised transport

CX 9 Employment-related loans

CX 10 Employment-related loans: loans by life insurers

CX 11 Services for members of Parliament

CX 12 Contributions to superannuation schemes

CX 13 Contributions to sickness, accident, or death benefit funds

CX 14 Contributions to funeral trusts

CX 15 Contributions to life or health insurance

CX 16 Benefits provided to employees who are shareholders or investors

CX 17 Benefits provided instead of allowances

CX 18 Benefits to enable performance of duties

CX 18B Business tools

CX 19 Benefits to non-executive directors

CX 20 Benefits provided on premises

CX 20B Benefits related to health or safety

CX 21 Benefits provided by charitable organisations

CX 22 Non-liable payments

CX 23 Assistance with tax returns

CX 24 Accommodation

CX 25 Entertainment

CX 26 Distinctive work clothing

CX 26B Contributions to income protection insurance

CX 27 Services provided to superannuation fund

CX 27B Goods provided at discount by third parties

CX 28 Meaning of emergency call

CX 29 Meaning of employee share loan

CX 30 Meaning of private use

CX 31 Meaning of unclassified benefit

CX 32 Meaning of work-related vehicle

CX 33 Life insurers and fully reinsured persons

CX 34 Superannuation fund deriving amount from life insurance policy

CX 35 Resident insurance underwriters

CX 36 Disposal of ownership interests in controlled petroleum mining entities

CX 37 Farm-out arrangements for petroleum mining

CX 38 Disposal of mining shares

CX 39 Disposal of mining shares acquired with reinvestment profit

CX 40 Repayment of loans made from reinvestment profit

CX 41 Government grants to businesses

CX 41B Amounts remitted as condition of new start grant

CX 42 Employer's superannuation contributions

CX 42B Contributions to retirement savings scheme

CX 43 Income equalisation schemes

CX 43B Refund from environmental restoration account

CX 44 Credits for inflation-indexed instruments

CX 44B Share-lending collateral under share-lending arrangements

CX 44C Proceeds from disposal of certain shares by portfolio investment entities or New Zealand Superannuation Fund

CX 44D Portfolio investor allocated income and distributions of income by portfolio investment entities

CX 44E Rebates of certain fees by portfolio tax rate entities

CX 44F Issue of post-1989 forest land units

CX 44G Disposal of pre-1990 forest land units

CX 45 Exclusion under Parts to be rewritten

CY 1 Amounts that are income under Parts to be rewritten

CZ 1 Share purchase agreement income before 19 July 1968

CZ 2 Mining company's 1970-71 tax year

CZ 3 Exchange variations on 8 August 1975

CZ 4 Mineral mining: company making loan before 1 April 1979

CZ 5 Exempt interest: overseas money lent to government or local or public authority before 29 July 1983

CZ 6 Commercial bills before 31 July 1986

CZ 7 Primary producer co-operative companies: 1987-88 income year

CZ 8 Farm-out arrangements for petroleum mining before 16 December 1991

CZ 9 Available capital distribution amount: 1965 and 1985 to 1992

CZ 10 Transitional relief for calculation of attributed repatriation dividends: 2 July 1992

CZ 11 Recovery of deductions for software acquired before 1 April 1993

CZ 12 General insurance with risk period straddling1 July 1993

CZ 13 Treatment of units and interests in unit trusts and group investment funds on issue as at 1 April 1996

CZ 14 Treatment of superannuation fund interests in group investment funds on 1 April 1999

CZ 15 Accident insurance contracts before 1 July 2000

CZ 16 Interest payable to exiting company: 2001

CZ 17 Dividend of exiting company: 2001

CZ 18 Benefit provider approved within 6 months of 25 November 2003

CZ 19 Community trust receipts in 2004-05 or 2005-06 tax year

CZ 20 Geothermal wells between 31 March 2003 and 17 May 2006

DA 1 General Permission

DA 2 General limitations

DA 3 Effect of specific rules on general rules

DA 4 Treatment of amount of depreciation loss

DB 1 Taxes, other than GST, and penalties

DB 2 GST

DB 3 Determining tax liabilities

DB 4 Chatham Islands dues

DB 5 Transaction costs: borrowing money for use as capital

DB 6 Interest: not capital expenditure

DB 7 Interest: most companies need no nexus with income

DB 8 Interest: money borrowed to acquire shares in group companies

DB 8B Interest or expenditure connected to stapled debt security

DB 9 Negative base price adjustment

DB 9B Base price adjustment under old financial arrangements rules

DB 10 Repayment of debt sold at discount to associate of debtor

DB 11 Security payment

DB 12 Sureties

DB 12B Share-lending collateral under share-lending arrangements

DB 12C Replacement payments and imputation credits under share-lending arrangements

DB 13 Transaction costs: leases

DB 13B Expenses of failed or withdrawn application for resource consent

DB 14 Destruction of temporary building

DB 15 Amounts paid for non-compliance with covenant for repair

DB 16 Amounts paid for non-compliance and change in use

DB 17 Cost of revenue account property

DB 18 Share losses

DB 19 Amount from profit-making undertaking or scheme and not already in income

DB 20 Amount from major development or division and not already in income

DB 21 Amount from land affected by change and not already in income

DB 22 Cost of non-specified mineral

DB 23 Bad debts

DB 24 Bad debts owed to estates

DB 25 Scientific research

DB 26 Research or development

DB 27 Some definitions

DB 28 Patent expenses

DB 28B Expenses of failed or withdrawn patent application

DB 29 Patent rights: devising patented inventions

DB 30 Patent rights acquired before 1 April 1993

DB 31 Patent applications or patent rights acquired on or after 1 April 1993

DB 32 Gifts of money by company

DB 33 Property misappropriated by employees or service providers

DB 34 Making good loss from misappropriation by partners

DB 35 Restitution of stolen property

DB 36 Bribes paid to public officials

DB 37 Avoiding, remedying, or mitigating effects of discharge of contaminant

DB 38 Payments for remitted amounts

DB 39 Restrictive covenant breached

DB 40 Adjustment for opening values of trading stock, livestock, and excepted financial arrangements

DB 41 Adjustment for prepayments

DB 42 Adjustment for deferred payment of employment income

DB 43 Adjustment for change to accounting practice

DB 43B Certain investors have deduction for portfolio investor allocated loss

DB 43C Certain fees charged by portfolio tax rate entities to investors not allowed as deductions

DB 44 Expenditure incurred in deriving exempt dividend

DB 45 Expenditure incurred in operating motor vehicle under agreement or arrangement affected by section CX 6B

DB 46 Acquisition of ETS units

DB 46B Liabilities for emissions

DB 47 Surrender of pre-1990 forest land units for post-1989 forest land deforestation

DC 1 Lump sum payments on retirement

DC 2 Pension payments to former employees

DC 3 Pension payments to former partners

DC 4 Payments to working partners

DC 5 Contributions to employees' benefit funds

DC 6 Contributions to employees' superannuation schemes

DC 7 Attribution of personal services

DC 8 Restrictive covenants or exit inducements

DC 9 Sale of business: transferred employment income obligations

DC 10 Transfers of employment income obligations to associates

DC 11 Loans to employees under share purchase schemes

DC 12 Criteria for approval of share purchase schemes: before period of restriction ends

DC 13 Criteria for approval of share purchase schemes: when period of restriction ends

DC 14 Some definitions

DD 1 Entertainment expenditure generally

DD 2 Limitation rule

DD 3 When limitation rule does not apply

DD 4 Employment-related activities

DD 5 Promoting businesses, goods, or services

DD 6 Entertainment as business or for charitable purpose

DD 7 Entertainment outside New Zealand

DD 8 Entertainment that is income or fringe benefit

DD 9 Relationship with FBT rules

DD 10 Interpretation: reimbursement and apportionment

DD 11 Some definitions

DE 1 What this subpart does

DE 2 Deductions for business use

DE 3 Methods for calculating proportion of business use

DE 4 Default method for calculating proportion of business use

DE 5 Actual records

DE 6 Using logbook for test period

DE 7 Logbook requirements

DE 8 Logbook term

DE 9 Inadequate logbook

DE 10 Variance during logbook term

DE 11 Replacement vehicles

DE 12 Mileage rate method

DF 1 Government grants to businesses

DF 2 Repayment of grant-related suspensory loans

DF 3 Identifying expenditure for purposes of sections DF 1 and DF 2

DF 4 Payment by claimant receiving personal service rehabilitation payment

DN 1 Attributed controlled foreign company loss

DN 2 When attributed CFC loss arises

DN 3 Calculation of attributed CFC loss

DN 4 Ring-fencing cap on deduction

DN 5 Foreign investment fund loss

DN 6 When FIF loss arises

DN 7 Calculation of FIF loss

DN 8 Ring-fencing cap on deduction: not branch equivalent method [Repealed]

DN 9 Ring-fencing cap on deduction: branch equivalent method

DO 1 Enhancements to land, except trees

DO 2 Erosion and shelter plantings

DO 3 Trees on farms

DO 4 Improvements to farm land

DO 4B Expenditure on land: planting of listed horticultural plants

DO 4C Expenditure on land: horticultural replacement planting

DO 4D Accounting for expenditure on listed horticultural plants under sections DO 4B and DO 4C

DO 4E Some definitions

DO 5 Farming or horticulture expenditure of lessor or sublessor

DO 5B Improvement destroyed or made useless

DO 6 Improvements to aquacultural business

DO 7 Improvement destroyed or made useless

DP 1 Expenditure of forestry business

DP 2 Plant or machinery

DP 3 Improvements to forestry land

DP 3B Improvement destroyed or made useless

DP 4 Forestry encouragement agreement: deductions

DP 5 Forestry encouragement agreement: no deduction

DP 6 Land contouring: no deduction

DP 7 Forestry business on land bought from Crown, Maori owners, or holding company: no deduction

DP 8 Cost of acquiring timber: forestry business on land bought from Crown, Maori owners, or holding company

DP 9 Cost of acquiring timber or right to take timber: other cases

DP 10 Cost of timber

DQ 1 Main income equalisation scheme

DQ 2 Adverse event income equalisation scheme

DQ 3 Thinning operations income equalisation scheme

DQ 4 Environmental restoration accounts scheme

DR 1 Mortality profit formula: negative result

DR 2 Disposal of property

DR 3 Specific deductions denied to life insurers and fully reinsured persons

DS 1 Acquiring film rights

DS 2 Film production expenditure

DS 2B Expenditure in acquiring film, or film right, intended for disposal

DS 3 Clawback of deductions for film reimbursement schemes

DS 4 Meaning of film reimbursement scheme

DT 1A Ring-fenced allocations

DT 1 Petroleum exploration expenditure

DT 2 Arrangement for petroleum exploration expenditure and sale of property

DT 3 Acquisition of licences and permits

DT 4 Acquisition of exploratory material

DT 5 Petroleum development expenditure

DT 6 Expenditure on petroleum mining assets

DT 7 Exploratory well expenditure

DT 8 Acquisition of certain petroleum mining assets

DT 9 Disposal of petroleum mining asset to associate

DT 10 Disposal of petroleum mining asset outside association

DT 11 Association ending

DT 12 Damage to assets

DT 13 Disposal of ownership interests in controlled petroleum mining entities

DT 14 Farm-out arrangements

DT 15 Persons associated with petroleum miner

DT 16 Removal or restoration operations

DT 17 Attribution of expenditure

DT 18 Replacement permits

DT 19 Partnership interests and disposal of part of asset

DT 20 Petroleum mining operations outside New Zealand

DU 1 Mining exploration expenditure and mining development expenditure

DU 2 Mining exploration expenditure or mining development expenditure on acquisition of asset

DU 3 Replacing or repairing asset

DU 4 Income appropriated to expenditure

DU 5 Non-mining asset used to derive income from mining

DU 6 Depreciation

DU 7 Limit on deduction

DU 8 Meaning of asset for sections DU 1 to DU 7

DU 9 Application of sections to resident mining operators

DU 10 Application of sections to non-resident mining operators

DU 11 Disposal of mining shares by company

DU 12 Amount written off by holding company

DV 1 Publicising superannuation funds

DV 2 Transfer of expenditure to master fund

DV 3 Formula for calculating maximum deduction

DV 4 Carry forward of expenditure

DV 5 Investment funds: transfer of expenditure to master funds

DV 6 Formula for calculating maximum deduction

DV 7 Carry forward of expenditure

DV 8 Non-profit organisations

DV 9 Trusts

DV 10 Building societies

DV 10B Distribution to member of co-operative company, excluded from being dividend

DV 11 Maori authorities: donations

DV 12 Group companies

DV 13 Amalgamated company: expenditure on improvements for farming, horticultural, aquacultural, and forestry businesses

DW 1 Airport operators

DW 2 Bloodstock racing

DW 3 Deduction for general insurance outstanding claims reserve

DX 1 Testamentary annuities

DY 1 Amounts that are deductions under Parts to be rewritten

DY 2 Amounts that are not deductions under Parts to be rewritten

DZ 1 Commercial bills before 31 July 1986

DZ 2 Life insurers acquiring property before 1 April 1988

DZ 3 Petroleum mining: development expenditure from 1 October 1990 to 15 December 1991

DZ 4 Expenditure on abandoned exploratory well before 16 December 1991

DZ 5 Farm-out arrangements for petroleum mining before 16 December 1991

DZ 6 Partnership interests and disposal of part of asset before 16 December 1991

DZ 7 Petroleum mining operations outside New Zealand before 16 December 1991

DZ 8 Buying patent rights before 1 April 1993

DZ 9 Premium paid on land leased before 1 April 1993

DZ 10 General insurance with risk period straddling 1 July 1993

DZ 11 Film reimbursement scheme on or before 30 June 2001

DZ 12 Mineral mining: 1954 to 2005

DZ 13 Enhancements to land unamortised at end of 2004-05 year

DZ 14 Patent applications before 1 April 2005

DZ 15 Geothermal wells between 31 March 2003 and 17 May 2006

DZ 16 Expenditure on improvements to aquacultural business before 1995-96 income year

DZ 17 Expenditure on improvements to forestry land before 1995-96 income year

EA 1 Trading stock, livestock, and excepted financial arrangements

EA 2 Other revenue account property

EA 3 Prepayments

EA 4 Deferred payment of employment income

EB 1 When this subpart applies

EB 2 Meaning of trading stock

EB 3 Valuation of trading stock

EB 4 Trading stock valuation methods

EB 5 Transfers of trading stock within wholly-owned groups

EB 6 Cost

EB 7 Cost allocation: cost-flow method

EB 8 Cost allocation: budgeted method or standard cost method

EB 9 Discounted selling price

EB 10 Replacement price

EB 11 Market selling value

EB 12 Valuing closing stock consistently

EB 13 Low-turnover valuation

EB 14 Low-turnover valuation methods

EB 15 Cost for low-turnover traders

EB 16 Cost allocation: cost-flow method for low-turnover traders

EB 17 Costs: manufactured or produced stock of low-turnover traders

EB 18 Costs: other stock of low-turnover traders

EB 19 Discounted selling price for low-turnover traders

EB 20 Replacement price for low-turnover traders

EB 21 Market selling value for low-turnover traders

EB 22 Valuing closing stock consistently for low-turnover traders

EB 23 Valuing closing stock under $5,000

EC 1 Application of this subpart

EC 2 Valuation of livestock

EC 3 Livestock valuation methods

EC 4 Value of livestock on death of person [Repealed]

EC 5 Transfers of livestock within wholly-owned groups

EC 5B Transfer of livestock because of self-assessed adverse event

EC 6 Application of sections EC 7 to EC 27

EC 7 Valuation methods

EC 8 Restrictions on use of herd scheme

EC 9 Restrictions on use of national standard cost scheme

EC 10 Restrictions on use of cost price method

EC 11 Restrictions on making of elections

EC 12 Interests in livestock

EC 13 Changes in partnership interests

EC 14 Herd scheme

EC 15 Determining national average market values

EC 16 Valuation under herd scheme

EC 17 Herd value ratio

EC 18 Inaccurate herd value ratio

EC 19 Chatham Islands adjustment to herd value

EC 20 Herd livestock disposed of before values determined

EC 21 Herd livestock on death before values determined

EC 22 National standard cost scheme

EC 23 Determining national standard costs

EC 24 Methods for determining costs using national standard cost scheme

EC 25 Cost price, replacement price, or market value

EC 26 Bailee's treatment of livestock

EC 27 Some definitions

EC 28 Application of sections EC 29 to EC 31

EC 29 Determining standard values

EC 30 Closing value methods

EC 31 Enhanced production

EC 32 Application of sections EC 33 to EC 37

EC 33 Determining depreciation percentages

EC 34 General rule

EC 35 Livestock reaching national average market value and livestock no longer used for breeding

EC 36 Immature livestock and recently bought livestock

EC 37 Bailment

EC 38 Application of sections EC 39 to EC 48

EC 39 First income year in breeding business

EC 40 Later income years in breeding business

EC 41 Reduction: bloodstock not previously used for breeding in New Zealand other than as shuttle stallions

EC 42 Reduction: bloodstock previously used for breeding in New Zealand

EC 43 Accident, birth deformity, or infertility

EC 44 Other bloodstock

EC 45 Residual value of bloodstock

EC 46 Use of bloodstock for racing

EC 47 Change of use of bloodstock in course of business

EC 48 Replacement breeding stock

ED 1 Valuation of excepted financial arrangements

ED 2 Transfers of certain excepted financial arrangements within wholly-owned groups

EE 1 What this subpart does

EE 2 Nature of ownership of item

EE 3 Ownership of goods subject to reservation of title

EE 4 Ownership of lessee's improvements: lessee

EE 5 Ownership of lessee's improvements: other person

EE 6 What is depreciable property?

EE 7 What is not depreciable property?

EE 8 Election that property not be depreciable

EE 9 Description of elements of calculation

EE 10 Calculation rule: item temporarily not available

EE 11 Calculation rule: income year in which item disposed of

EE 12 Depreciation methods

EE 13 Application of sections EE 14 to EE 19

EE 14 Diminishing value or straight-line method: calculating amount of depreciation loss

EE 15 Amount of adjusted tax value

EE 16 Amount resulting from standard calculation

EE 17 Amount resulting from petroleum-related depreciable property calculation

EE 18 Cost: change from diminishing value to straight-line method

EE 19 Cost: fixed life intangible property

EE 20 Application of sections EE 21 to EE 24

EE 21 Pool method: calculating amount of depreciation loss

EE 22 Cases affecting pool

EE 23 Combined pools

EE 24 Property ceasing to qualify for pool

EE 24B Depreciation loss for plant variety rights application upon grant of rights in 2005–06 or later income year

EE 25 Setting of economic depreciation rate

EE 25B Economic rate for certain depreciable property

EE 25C Economic rate for buildings

EE 25D Economic rate for certain aircraft and motor vehicles

EE 25E Economic rate for plant, equipment, or building, with high residual value

EE 26 Annual rate for item acquired in person's 1995-96 or later income year

EE 26B Election in respect of certain depreciable property acquired on or after 1 April 2005

EE 27 Annual rate for fixed life intangible property

EE 27B Annual rate for patent granted in 2005–06 or later income year

EE 27C Annual rate for patent applications lodged with complete specifications on or after 1 April 2005 [Repealed]

EE 27D Annual rate for patents: applications lodged with complete specifications on or after 1 April 2005 [Repealed]

EE 27E Annual rate for plant variety rights [Repealed]

EE 28 Special rate or provisional rate

EE 29 Using economic rate or provisional rate instead of special rate

EE 30 Improvements

EE 31 Items of low value

EE 32 Items no longer used

EE 33 Transfer of depreciable property on or after 24 September 1997

EE 34 Transfer of depreciable property in non-qualifying amalgamation on or after 14 May 2002

EE 35 Transfer of radiocommunications licence right on or after 24 September 1997

EE 36 Transfer of depreciable intangible property on or after 1 July 1997

EE 37 Application of sections EE 41 to EE 44

EE 38 Consideration for purposes of section EE 37

EE 39 Items for purposes of section EE 37

EE 40 Events for purposes of section EE 37

EE 41 Effect of disposal or event

EE 42 Amount of depreciation recovery income when item partly used for business

EE 43 Amount of depreciation recovery income when lost or stolen items recovered

EE 44 Amount of depreciation recovery income when compensation received

EE 44B Unused geothermal well brought into use

EE 45 Cost: GST

EE 46 Meaning of adjusted tax value

EE 47 Formula

EE 48 Base value in section EE 47 when none of sections EE 49, EE 50, and EZ 21(1) applies

EE 49 Base value in section EE 47 when no previous deduction

EE 50 Base value in section EE 47 when property is petroleum-related depreciable property

EE 51 Total deductions in section EE 47

EE 52 Meaning of annual rate

EE 53 Meaning of depreciable intangible property

EE 54 Meaning of estimated useful life

EE 55 Meaning of excluded depreciable property

EE 56 Meaning of maximum pooling value

EE 57 Meaning of poolable property

EE 58 Other definitions

EF 1 Fringe benefit tax

EF 2 Specified superannuation contribution withholding tax

EF 3 ACC levies and premiums

EF 4 Use of money interest payable by Commissioner

EF 5 Use of money interest payable by person

EF 6 Different tax years

EG 1 Election to use balance date used in foreign country

EG 2 Adjustment for changes to accounting practice

EG 3 Allocation of income, deductions, and credits by portfolio tax rate entity

EH 1 Income equalisation schemes

EH 2 Income Equalisation Reserve Account

EH 3 Persons to whom main income equalisation scheme applies

EH 4 Main deposit

EH 5 Main income equalisation account

EH 6 Interest on deposits in main income equalisation account

EH 7 Deduction of deposit

EH 8 Refund of excess deposit

EH 9 Income does not include excess deposit

EH 10 Refund at end of 5 years

EH 11 Income when refund given at end of 5 years

EH 12 Application for refund by person, trustee of estate, Official Assignee, or liquidator

EH 13 Refund on request

EH 14 Income when refund given on request

EH 15 Refund for development or recovery

EH 16 Income when refund given for development or recovery

EH 17 Refund on retirement

EH 18 Income when refund given on retirement, and election to allocate amount to earlier year

EH 19 Refund on death

EH 20 Income when refund given on death

EH 21 Income when refund given on death, and election to allocate amount to earlier year

EH 22 Income when refund given on death, and election to allocate amount to later year or years

EH 23 Refund on bankruptcy

EH 24 Income when refund given on bankruptcy

EH 25 Refund on liquidation

EH 26 Income when refund given on liquidation

EH 27 Amendment of assessment

EH 28 Minimum refund

EH 29 Deposits from which refunds come

EH 30 When person entitled to rebate of income tax

EH 31 Kind and amount of refund that entitles person to rebate of income tax

EH 32 Kind of person entitled to rebate of income tax

EH 33 Amount of rebate of income tax

EH 34 Meaning of income from forestry

EH 35 Meaning of main maximum deposit

EH 36 Meaning of self-assessed adverse event [Repealed]

EH 37 Other definitions

EH 38 Persons to whom adverse event income equalisation scheme applies

EH 39 Adverse event deposit

EH 40 Adverse event income equalisation account

EH 41 Interest on deposits in adverse event income equalisation account

EH 42 Deduction of deposit

EH 43 Refund of excess deposit

EH 44 Income does not include excess deposit

EH 45 Application for refund by person, trustee of estate, Official Assignee, or liquidator

EH 46 Refund on request

EH 47 Income when refund given on request

EH 48 Refund on retirement

EH 49 Income when refund given on retirement, and election to allocate amount to earlier year

EH 50 Refund on death

EH 51 Income when refund given on death

EH 52 Income when refund given on death, and election to allocate amount to earlier year

EH 53 Income when refund given on death, and election to allocate amount to later year or years

EH 54 Refund on bankruptcy

EH 55 Income when refund given on bankruptcy

EH 56 Refund on liquidation

EH 57 Income when refund given on liquidation

EH 58 Amendment of assessment

EH 59 Minimum refund

EH 60 Deposits from which refunds come

EH 61 Transfer of deposit

EH 62 Meaning of adverse event maximum deposit

EH 63 Meaning of self-assessed adverse event [Repealed]

EH 64 Other definitions

EH 65 Persons to whom thinning operations income equalisation scheme applies

EH 66 Thinning operations deposit

EH 67 Thinning operations income equalisation account

EH 68 Interest on deposits in thinning operations income equalisation account

EH 69 Deduction of deposit

EH 70 Refund of excess deposit

EH 71 Income does not include excess deposit

EH 72 Application for refund by person or liquidator

EH 73 Refund on request

EH 74 Income when refund given on request

EH 75 Refund for development or recovery

EH 76 Income when refund given for development or recovery

EH 77 Refund on liquidation

EH 78 Income when refund given on liquidation

EH 79 Sections of main income equalisation scheme that apply to thinning operations income equalisation scheme

EH 80 Meaning of thinning operations maximum deposit

EH 81 Other definitions

EI 1 Spreading backward of income from timber

EI 2 Interest from inflation-indexed instruments

EI 3 Assigning or granting copyright

EI 3B Spreading income from patent rights

EI 4 Amount paid to lessor for non-compliance with covenant for repair

EI 5 Amount paid for non-compliance: when lessor ceases to own land

EI 6 Leases: income derived in anticipation

EI 7 Disposal of land to Crown

EI 8 Matching rule for employment income of shareholderemployee

EJ 1 Spreading backward of deductions for costs of timber

EJ 2 Spreading forward of deductions for repairs to fishing boats

EJ 3 Spreading forward of fertiliser expenditure

EJ 4 Expenditure incurred in acquiring film rights in feature films

EJ 5 Expenditure incurred in acquiring film rights in films other than feature films

EJ 6 Certification of New Zealand films

EJ 7 Film production expenditure for New Zealand films having no large budget screen production grant

EJ 8 Film production expenditure for other films having no large budget screen production grant

EJ 9 Personal property lease payments

EJ 10 Amount paid by lessee for non-compliance with covenant for repair

EJ 11 Petroleum development expenditure: default allocation rule

EJ 11B Petroleum development expenditure: reserve depletion method

EJ 12 Relinquishing petroleum permit

EJ 12B Dry well drilled

EJ 12C Well not producing

EJ 13 Disposal of petroleum mining asset

EJ 14 Disposal of petroleum mining asset to associate

EJ 15 Partnership interests and disposal of part of asset

EJ 16 Petroleum mining operations outside New Zealand

EJ 17 Meaning of offshore development [Repealed]

EJ 18 Meaning of petroleum mining development

EJ 19 Contributions to employees' superannuation schemes

EJ 20 Deductions for market development—product of research, development

EJ 21 Allocation of deductions for research, development, and resulting market development

EK 1 Environmental Restoration Funds Account

EK 2 Persons who may make payment to environmental restoration account

EK 3 Payments to environmental restoration account

EK 4 Environmental restoration account

EK 5 Details to be provided with payment to environmental restoration account

EK 6 Interest on payments to environmental restoration account

EK 7 Deduction for payment

EK 8 Deduction for transfer

EK 9 Refund of payment if excess, lacking details

EK 10 Certain refunds not income

EK 11 Application for refund

EK 12 Refund if request or excess balance

EK 13 Income when refund given on request

EK 14 Application for transfer

EK 15 Transfer on request

EK 16 Transfer on death, bankruptcy, or liquidation

EK 17 Minimum refund or transfer

EK 18 Payments from which refunds come

EK 19 Environmental restoration account of amalgamating company

EK 20 Environmental restoration account of member of consolidated group

EK 21 Commissioner may require notice in electronic format

EK 22 Meaning of maximum payment

EK 23 Other definitions

EW 1 What this subpart does

EW 2 Relationship of financial arrangements rules with other provisions

EW 3 What is a financial arrangement?

EW 4 What is not a financial arrangement?

EW 5 What is an excepted financial arrangement?

EW 6 Relationship between financial arrangements and excepted financial arrangements

EW 7 Change from private or domestic purpose

EW 8 Election to treat certain excepted financial arrangements as financial arrangements

EW 9 Persons to whom financial arrangements rules apply

EW 10 Financial arrangements to which financial arrangements rules apply

EW 11 What financial arrangements rules do not apply to

EW 12 When use of spreading method required

EW 13 When use of spreading method not required

EW 14 What spreading methods do

EW 15 What is included when spreading methods used

EW 15B IFRS taxpayer method

EW 15C IFRS method

EW 15D Determination alternatives to IFRS

EW 15E Expected value method and equity-free fair value method

EW 16 Yield to maturity method or alternative

EW 17 Straight-line method

EW 18 Market valuation method

EW 19 Choice among YTM or alternative, SL, and MV spreading methods

EW 20 Determination method or alternative

EW 21 Financial reporting method

EW 22 Default method

EW 23 Failure to use method for financial reporting purposes

EW 24 Consistency of use of spreading method

EW 25 Consistency of use of straight-line method and market valuation method

EW 25B Consistency of use of specific individual methods under IFRS taxpayer method

EW 26 Change of spreading method

EW 27 Spreading method adjustment formula

EW 28 How base price adjustment calculated

EW 29 When calculation of base price adjustment required

EW 30 When calculation of base price adjustment not required

EW 31 Base price adjustment formula

EW 32 Consideration for agreement for sale and purchase of property or services, hire purchase agreement, specified lease, or finance lease

EW 33 Consideration for hire purchase agreement or finance lease

EW 34 Consideration in foreign currency

EW 35 Value relevant for non-financial arrangements rule

EW 36 Consideration when person exits from rules: accrued entitlement

EW 37 Consideration when person enters rules: accrued obligation

EW 38 Consideration when disposal for no, or inadequate, consideration

EW 39 Consideration treated as paid to person on distribution in kind [Repealed]

EW 40 Consideration affected by unfavourable factors

EW 41 Consideration when person exits from rules: accrued obligation

EW 42 Consideration when person enters rules: accrued entitlement

EW 43 Consideration when acquisition for no, or inadequate, consideration

EW 44 Consideration treated as paid by person on distribution in kind [Repealed]

EW 45 Consideration when debt sold at discount to associate of debtor

EW 46 Consideration when debt forgiven for natural love and affection

EW 47 Consideration when debtor released from obligation

EW 47B Consideration when debtor released as condition of new start grant

EW 48 Legal defeasance

EW 48B Consideration when change from fair value method under IFRS method

EW 49 Anti-avoidance provisions

EW 50 Income and deduction when debt sold at discount to associate of debtor

EW 51 Income when debt forgiven to trustee

EW 52 Deduction for security payment

EW 52B Share supplier under share-lending arrangement

EW 53 Adjustment required

EW 54 Meaning of cash basis person

EW 55 Effect of being cash basis person

EW 56 Natural person

EW 57 Thresholds

EW 58 Financial arrangements, income, and expenditure relevant to criteria

EW 59 Exclusion by Commissioner

EW 60 Trustee of deceased's estate

EW 61 Election to use spreading method

EW 62 When and how calculation of cash basis adjustment required

EW 63 Cash basis adjustment formula

EX 1 Meaning of CFC

EX 2 Four categories for calculating control interests

EX 3 Control interest: total of direct, indirect, and associated person interests

EX 4 Limits to requirement to include associated person interests

EX 5 Direct control interests

EX 6 Direct control interests include options and similar rights

EX 7 Indirect control interests

EX 8 Income interests: total of direct and indirect interests

EX 9 Direct income interests

EX 10 Indirect income interests

EX 11 Options and similar rights in certain cases

EX 12 Reduction of total income interests

EX 13 Income interests of partners

EX 14 Attribution: 10% threshold

EX 15 Associates and 10% threshold

EX 16 Income interests for certain purposes

EX 17 Income interest if variations within period

EX 18 Formula for calculating attributed CFC income or loss

EX 19 Taxable distribution from non-qualifying trust

EX 20 Reduction in attributed CFC loss

EX 21 Branch equivalent income or loss: calculation rules

EX 22 Unqualified grey list CFCs

EX 23 Tax concession grey list CFCs

EX 24 Residence in grey list country

EX 25 Companies moving to or from New Zealand

EX 26 Change of CFC's balance date

EX 27 Use of quarterly measurement

EX 28 Anti-avoidance rule: stapled stock

EX 29 Meaning of FIF

EX 30 Attributing interests in FIFs

EX 31 Direct income interests in FIFs

EX 32 CFC rules exemption

EX 33 Exemptions: direct income interests in FIF in grey list country

EX 33B Exemptions limited by income years: shares in certain grey list companies

EX 33C Exemption: shares in listed Australian company

EX 33D Exemption: units in certain Australian unit trusts

EX 33E Australian superannuation fund exemption

EX 34 Foreign exchange control exemption

EX 35 Income interest of non-resident or transitional resident

EX 36 New resident's accrued superannuation entitlement exemption

EX 37 Non-resident's pension or annuity exemption

EX 38 Six calculation methods

EX 39 Exclusion of amounts of death benefit

EX 40 Limits on choice of calculation methods

EX 40B Use of particular calculation methods required

EX 41 Default calculation method

EX 42 Accounting profits method

EX 43 Branch equivalent method

EX 44 Comparative value method

EX 44B Fair dividend rate method

EX 44C Fair dividend rate method: usual method

EX 44D Fair dividend rate method: method for unit valuers and persons valuing interests daily

EX 44E Fair dividend rate method and cost method: calculating items in formulas for periods affected by share reorganisations

EX 45 Deemed rate of return method

EX 45B Cost method

EX 46 Additional FIF income or loss if CFC owns FIF

EX 47 Codes: comparative value method, deemed rate of return method, fair dividend rate method, and cost method

EX 48 Top-up FIF income: deemed rate of return method

EX 49 Top-up FIF income: 1 April 1993 uplift interests

EX 50 Limits on changes of method

EX 51 Consequences of changes in method

EX 52 Migration of persons holding FIF interests

EX 53 Changes in application of FIF exemptions

EX 54 FIFs migrating from New Zealand

EX 54B FIF rules first applying to interest for income year beginning on or after 1 April 2007

EX 55 Death of persons holding FIF interests [Repealed]

EX 56 Measurement of cost

EX 57 Change of FIF's balance date

EX 58 Market value of life policy and superannuation entitlements

EX 59 Non-market transactions in FIF interests

EX 60 Commissioner's default assessment power

EY 1 What this subpart does

EY 2 Matters to which this subpart relates

EY 3 Meaning of actuarial reserves

EY 4 Actuarial reserves: calculation

EY 5 Actuarial reserves: actuary's declaration

EY 6 Actuarial reserves: powers of Commissioner

EY 7 Meaning of claim

EY 8 Meaning of life insurance

EY 9 Meaning of life insurance policy

EY 10 Meaning of life insurer

EY 11 Meaning of life reinsurance

EY 12 Meaning of life reinsurance policy

EY 13 Life insurance and life reinsurance: how sections relate

EY 14 How premium loading is calculated

EY 15 Premium loading: when life insurers providing life insurance at start of income year

EY 16 Premium loading: when life insurers not providing life insurance at start of income year

EY 17 Premium loading formulas

EY 18 Premium loading formulas: when life insurers not providing life insurance at start of income year

EY 19 Premium loading formulas: option when more than 1 life insured

EY 20 Premium loading formula (life): when annuity payable on death

EY 21 Premium loading formulas: when annuity payable on survival to date or age specified in policy

EY 22 Premium loading formula (life): when partial reinsurance exists

EY 23 Premium loading formulas: individual result may never be negative

EY 24 How mortality profit is calculated

EY 25 Mortality profit: when life insurers providing life insurance at start of income year

EY 26 Mortality profit: when life insurers not providing life insurance at start of income year

EY 27 Mortality profit formula

EY 28 Mortality profit formula: when life insurers not providing life insurance at start of income year

EY 29 Mortality profit formula: option when more than 1 life insured

EY 30 Mortality profit formula: when annuity payable on death

EY 31 Mortality profit formula: when partial reinsurance exists

EY 32 Mortality profit formula: individual result may be negative only in some cases

EY 33 Mortality profit formula: negative result

EY 34 How discontinuance profit is calculated

EY 35 Discontinuance profit for income year

EY 36 Discontinuance profit formula (existing policies)

EY 37 Discontinuance profit formula (new policies)

EY 38 Discontinuance profit formula (existing policies): when partial reinsurance exists

EY 39 Discontinuance profit formula (new policies): when partial reinsurance exists

EY 40 Discontinuance profit formulas: individual result may never be negative

EY 41 How policyholder income is calculated

EY 42 Policyholder income formula

EY 42B Policyholder income formula: FDR adjustment

EY 42C Policyholder income formula: PILF adjustment

EY 43 Policyholder income formula: when partial reinsurance exists

EY 44 Policyholder income formula: when life insurance business transferred

EY 45 Income from disposal of property

EY 46 Deductions for disposal of property

EY 47 Non-resident life insurers with life insurance policies in New Zealand

EY 48 Non-resident life insurer may become resident

EZ 1 Life insurers acquiring property before 1 April 1988

EZ 2 Deductions for disposal of property: 1982-83 and 1989-90 income years

EZ 3 Petroleum development expenditure from 1 October 1990 to 15 December 1991

EZ 4 Valuation of livestock bailed or leased as at 2 September 1992

EZ 4B Reduction: bloodstock not previously used for breeding in New Zealand: pre-1 August 2006

EZ 4C Reduction: broodmare previously used for breeding in New Zealand: pre-1 August 2006

EZ 5 Buying patent rights before 1 April 1993

EZ 6 Premium paid on land leased before 1 April 1993

EZ 7 FIF interests held on 1 April 1993 [Repealed]

EZ 8 Pool method for items accounted for by globo method for 1992-93 income year

EZ 9 Pool items accounted for by globo method for 1992-93 income year

EZ 10 Amounts of depreciation recovery income and depreciation loss for part business use in or before 1992-93 income year

EZ 11 Amount of depreciation loss for item acquired from associated person on or before 23 September 1997

EZ 12 Annual rate for item acquired on or after 1 April 1993 and before end of person's 1994-95 income year

EZ 13 Pre-1993 depreciation rate

EZ 14 Annual rate for excluded depreciable property: 1992-93 tax year

EZ 15 Amount of depreciation loss for plant or machinery additional to section EZ 14 amount

EZ 16 Additional amount of depreciation loss: between 16 December 1991 and 1 April 1994

EZ 17 Section EZ 16 amount of depreciation loss when items transferred between companies in wholly-owned group before 1 April 1993

EZ 18 Section EZ 16 amount of depreciation loss when person previously exempt from tax acquires item

EZ 19 Adjusted tax value for software acquired before 1 April 1993

EZ 20 Sections EE 38 and EE 40: permanent removal: allowance before 1 April 1995

EZ 21 Base value and total deductions in section EE 47: before 1 April 1995

EZ 21B Economic rate for plant or equipment acquired before 1 April 2005 and buildings acquired before 19 May 2005

EZ 22 Meaning of new asset

EZ 23 Meaning of New Zealand-new asset

EZ 24 Meaning of qualifying capital value

EZ 25 Meaning of qualifying improvement

EZ 26 Meaning of qualifying asset

EZ 27 Private insurers under Accident Insurance Act 1998

EZ 28 Base premium for 1998-99 premium year under Accident Insurance Act 1998

EZ 29 Disclosure restrictions on grey list CFCs before 2011–12

EZ 30 Application of old financial arrangements rules

EZ 31 Election to apply financial arrangements rules in subpart EW

EZ 32 Accruals in relation to income and expenditure in respect of financial arrangements

EZ 33 Excepted financial arrangement that is part of financial arrangement

EZ 34 Cash basis holder

EZ 35 Income and expenditure where financial arrangement redeemed or disposed of

EZ 36 Forgiveness of debt

EZ 37 Accrued income written off

EZ 38 Sale of debt to associate of debtor

EZ 39 Post facto adjustment

EZ 40 Variable principal debt instruments

EZ 41 Relationship with rest of Act

EZ 42 Application of old financial arrangements rules

EZ 43 Election to treat short term trade credit as financial arrangement

EZ 44 Election to continue to treat certain excepted financial arrangements as financial arrangements

EZ 45 Definitions

EZ 46 Determination of core acquisition price where consideration for property denominated in foreign currency

EZ 47 Rules for non-market transactions

EZ 48 Transitional adjustment when changing to financial arrangements rules

EZ 49 References to new rules include old rules

EZ 50 Transitional rule for IFRS financial reporting method

EZ 51 Transitional rule for financial reporting method

EZ 52 Transitional rule for changes from the fair value method

FB 2 Apportionment of income derived partly in New Zealand and partly elsewhere

FB 3 Disposal of trading stock

FB 4 Income derived from disposal of trading stock together with other assets of business

FB 4A Land on revenue account

FB 7 Depreciation: partial income-producing use

FC 1 Floating rate of interest on debentures

FC 2 Interest on debentures issued in substitution for shares

FC 2B  Stapled debt securities

FC 3 Share dealing

FC 4 Valuation adjustments where company acquires its shares

FC 5 Assets purchased and resold after deduction of payments under lease

FC 6 Effect of specified lease on lessor and lessee

FC 7 Income of lessor under specified lease

FC 8 Deduction to lessee under specified lease

FC 8A Lease of personal property lease asset treated as sale

FC 8B Rules for personal property lease asset during term of finance lease

FC 8C Termination of finance lease

FC 8D Lessor's use of personal property lease asset after finance lease ends

FC 8E Purchase and sale of personal property lease asset by lessee or associated person

FC 8F Lessor's income

FC 8G Deduction to lessee

FC 8H Adjustment required if lease becomes finance lease

FC 8I Adjustment required for certain operating leases entered before 20 June 2007

FC 9 Purpose

FC 10 Taxation of hire purchase agreements

FC 13 Premiums derived by non-resident general insurers treated as being derived from New Zealand

FC 14 Non-resident general insurers' income

FC 15 Non-resident general insurers' expenditure

FC 16 Liability to make return and pay income tax

FC 17 Premiums paid to residents of Switzerland

FC 18 Non-resident shippers' income

FC 19 Non-resident shippers' excluded income

FC 20 Non-resident shippers' expenditure

FC 21 Amounts derived by non-residents from renting films

FC 22 Tax treatment of foreign-sourced amounts derived by transitional resident

FC 23 General requirements for being transitional resident

FC 24 Transitional resident

FCB 1 Tax effects of company becoming non-resident to reflect tax effects of liquidation

FCB 2 Emigrating company treated as paying distribution to shareholders

FCB 3 Emigrating company treated as disposing of property and immediately reacquiring property

FD 1 Purpose and application of consolidated grouping provisions

FD 2 Interpretation

FD 3 Companies which may constitute consolidated group

FD 4 Formation of consolidated group

FD 5 Company may not be member of more than 1 consolidated group

FD 6 Nominated companies

FD 7 Joining existing consolidated group

FD 8 Leaving consolidated group

FD 9 Part income year accounts and part tax year income allocation

FD 10 Special provisions relating to dispositions of property

FD 11 Application of international tax rules

FDA 1 Companies that may constitute imputation group

FDA 2 Formation, entry, and combination of imputation groups

FDA 3 Membership of groups

FDA 4 Liability of members of imputation group

FDA 5 Nominated company

FDA 6 Leaving imputation group

FE 1 Amalgamation of companies: purpose

FE 2 Cancellation of shares held by amalgamating company on amalgamation

FE 3 Deduction to amalgamated company for bad debts and expenditure

FE 4 Amalgamated company to assume unexpired accrual expenditure and profits or gains of amalgamating company

FE 5 Transfer of property or obligations under financial arrangements deemed to be at market value

FE 6 Acquisition of property by amalgamated company on qualifying amalgamation

FE 6A Deduction to amalgamating company for depreciable property transferred

FE 7 Succession of obligations of amalgamating company under financial arrangement on amalgamation

FE 8 Amalgamated company to assume rights and obligations of amalgamating company

FE 9 Amalgamation not to result in deemed income or remission of liabilities

FE 10 Treatment of financial arrangements between amalgamating companies

FF 1 Shares or options

FF 2 Financial arrangements

FF 3 Business stock in hand

FF 4 Personal property

FF 5 Commercial bills

FF 6 Land

FF 7 Disposal of timber under relationship agreement

FF 8 Patent applications and patent rights

FF 9 Specified livestock

FF 10 Non-specified livestock

FF 11 High-priced livestock

FF 12 Bloodstock

FF 13 Trading stock

FF 14 Leased assets

FF 15 Amount of depreciation loss for qualifying assets

FF 16 Depreciable property

FF 17 Pensions

FF 18 Land used in specified activity

FF 19 Mining assets

FG 1 Purpose of this subpart

FG 2 Entities to which interest deduction rules potentially apply

FG 3 When interest apportioned under section FG 8 or annual total deduction adjusted under section FG 8B

FG 4 Rules for calculating New Zealand group debt percentage

FG 5 Rules for calculating worldwide group debt percentage

FG 6 Concession for on-lending

FG 7 Concession for exchange rate fluctuations

FG 8 Apportionment of interest deductions—taxpayer not in New Zealand banking group

FG 8B Adjustment of annual total deduction—reporting bank

FG 8C New Zealand banking group of registered bank

FG 8D Reporting bank for New Zealand banking group

FG 8E Measurement periods and measurement days

FG 8F Financial value and regulatory value

FG 8G New Zealand net equity of New Zealand banking group

FG 8H Net equity threshold

FG 8I Valuation of debt and risk-weighted exposures

FG 8J Treatment of temporary change in New Zealand net equity or net equity threshold

FG 9 Treatment of specified leases and interest expense

FG 10 Mode of elections

FH 1 Circumstances in which group excess interest allocation required

FH 2 Rules for determining company's foreign attributed income group

FH 3 Rules for determining New Zealand foreign attributed income group debt percentage

FH 4 Rules for determining consolidated foreign attributed income group debt percentage

FH 5 Rule for calculating group excess interest allocation amount

FH 6 Rule for calculating company's excess interest allocation percentage

FH 7 Rule for calculating individual excess interest allocation amount

FH 8 Rules for applying surplus group excess interest allocation amount to increase income tax and dividend withholding payment

FI 1 Disposals and resulting acquisitions to which subpart FI applies

FI 2 Disposal and resulting acquisition of property treated as occurring at market value

FI 3 Date on which disposal and resulting acquisition treated as occurring

FI 4 Disposal and resulting acquisition of property by spouse, civil union partner, or de facto partner on death of person

FI 5 Distributions of property to close relatives and others

FI 6 Disposal and resulting acquisition of timber

FI 7 Relationship of section FI 2(2) to subpart CB

FI 8 Relationship of subpart FI to unexpired prepayments

FI 9 Death occurring before 1 October 2005

FI 10 Value of property acquired by beneficiary of trust before 1 October 2005

FI 11 Disposal of certain financial arrangements on death

FZ 1 Deduction for dividends paid on certain preference shares

FZ 2 Amounts owing under convertible notes deemed to be share capital and holders deemed to be shareholders

GB 1 Agreements purporting to alter incidence of tax to be void

GC 1 Arrangement to defeat application of cross-border arrangement provision

GC 2 Arrangements to defeat application of net loss carry forward provisions

GC 3 Effect on continuity provisions of change in beneficiaries of trust

GC 4 Arrangement to defeat application of net loss offset provisions

GC 5 Arrangement to defeat application of qualifying company provisions

GC 6 Arrangement to defeat application of depreciation provisions

GC 7 Arrangements in respect of CFCs

GC 8 Arrangement to defeat application of CFC attributed repatriation provisions

GC 9 Variations in control or income interests in foreign companies

GC 10 Attributed CFC income and FIF income: arrangements in respect of elections

GC 11A Non-market transactions to acquire film rights

GC 11B Manipulation of arrangements to acquire film rights

GC 12 Petroleum mining

GC 14 Income of beneficiaries

GC 14A Sale or transfer of commercial bill to New Zealand resident

GC 14B Attribution rule for personal services

GC 14C Definitions for use in section GC 14B

GC 14D Attribution rule: calculation

GC 14E Attribution rule: exception

GC 14EB Treatment of dividends as if from qualifying company [Repealed]

GC 14F Arrangement to avoid application of restrictive covenant rule

GC 14G Arrangement to avoid application of rules for returning share transfers

GC 15 Benefit given to associated person of employee

GC 16 Value of motor vehicle acquired from associated person

GC 17 Fringe benefit tax: general

GC 17B Fringe benefit tax: arrangement void

GC 18 Agreements not to make tax deductions to be void

GC 19 Resident withholding tax

GC 20 Agreements not to make resident withholding tax deductions to be void

GC 21 Imputation continuity requirements

GC 22 Imputation: arrangement to obtain tax advantage

GC 23 Imputation: dividend paid by another company

GC 24 Application of specific imputation provisions to consolidated groups

GC 25 Avoidance of dividend withholding payments

GC 26 Arrangement to defeat application of branch equivalent tax account provisions

GC 27 Arrangement to defeat application of dividend withholding payment account provisions

GC 27A Arrangement to obtain tax advantage with respect to Maori authority credit account provisions (subpart MK)

GC 28 Tax credits for families

GC 29 Application of sections GC 29 to GC 31

GC 30 Defined terms for sections GC 29 to GC 31

GC 31 Deferral of surplus deductions from arrangement

GD 1 Sale or other disposal of trading stock for inadequate consideration

GD 2 Distribution of trading stock to shareholders of company [Repealed]

GD 3 Payment of excessive salary or wages, or allocation of excessive share of profits or losses, to relative employed by or in partnership with taxpayer

GD 4 Payments to taxpayer's spouse, civil union partner or de facto partner

GD 5 Excessive remuneration by close company to shareholder, director, or relative

GD 6 Value of loans provided by superannuation fund deemed to be income of fund

GD 7 Distribution of property to policyholders

GD 8 Superannuation schemes

GD 10 Leases for inadequate rent

GD 11 Financial arrangements rules

GD 12 Non-market transactions for incurring film production expenditure

GD 12A Film production expenditure if payments postponed or contingent

GD 12B Manipulation of arrangements to incur film production expenditure

GD 13 Cross-border arrangements between associated persons

GD 14 Attributing interests in FIFs

GD 15 Disposal of timber, or right to take timber, or standing timber to associated person

GD 16 Disposals of ETS units at below market value

GE 1 New Zealand Raspberry Marketing Council

GZ 1 Pre-1974 agreements purporting to alter incidence of tax

HB 1 Returns, assessments, and liability of consolidated group

HB 2 Taxable income to be calculated generally as if group were single company

HC 1 Special partnerships [Repealed]

HD 1 Assessment of partners, co-trustees, and joint venturers

HE 1 Unit trusts

HE 2 Group investment funds

HF 1 Profits of mutual associations in respect of transactions with members

HG 1 Qualifying company regime

HG 2 Determination of effective interest in company

HG 3 Director elections, and revocation of director elections

HG 4 Shareholder elections

HG 5 Revocation of shareholder elections

HG 6 Period of grace for new elections following death, revocation of shareholder election, or issue of new shares

HG 7 Date on which non-complying company ceases to be qualifying company, and Commissioner's power to defer

HG 8 Liability of electing shareholder for income tax of company

HG 9 Taxation of shareholders in qualifying companies

HG 10 Taxation of qualifying company

HG 11 Taxation on election to become qualifying company

HG 12 Payment of qualifying company election tax

HG 13 Dividends from qualifying company

HG 14 Loss attributing qualifying companies

HG 14A Minority shareholders in loss attributing qualifying companies

HG 15 Revocation of loss attribution elections

HG 16 Net losses of loss attributing qualifying company to be attributed to shareholders

HG 17 Attributed CFC losses and FIF losses

HG 18 Company that ceases to be loss attributing qualifying company also ceases to be qualifying company

HH 1 Interpretation

HH 1A Treatment of settlements on trust

HH 2 Trusts settled by persons before becoming resident

HH 3 Income of beneficiaries

HH 3A Beneficiary income of minors

HH 3B Exemption for beneficiary income $1,000 or less

HH 3C Source of beneficiary income

HH 3D Treatment of various settlements

HH 3E Exceptions

HH 3F Definitions of guardian, minor, and relative

HH 4 Trustee income

HH 5 Existing trusts becoming subject to tax

HH 6 Distributions from trusts

HH 7 Commissioner may determine amount of trustee income

HH 8 Income received by trustee after death of deceased person

HI 1 Application of Act to Maori authority

HI 2 Eligibility to be Maori authority

HI 3 Election to become Maori authority

HI 4 Distributions by Maori authority

HI 5 Amount distributed to member by Maori authority

HI 6 Proportional allocation required if distribution includes amount other than taxable Maori authority distribution

HI 7 Distribution includes Maori authority credit attached and RWT deducted

HI 8 Treatment of companies and trusts that elect to apply this subpart

HI 9 Market value calculations