Section CA 2 — Income Tax Act 2007: Amounts that are exempt income or excluded income

CA 2 Amounts that are exempt income or excluded income What this section does (1) This section identifies the subparts in this Act that deal with exempt income and excluded income. Exempt income (2) An amount of income of a person is exempt income if it is their exempt income under a provision in subpart CW (Exempt income) or CZ (Terminating provisions). Excluded income (3) An amount of income of a person is excluded income if— (a) it is their excluded income under a provision in subpart CX (Excluded income) or CZ ; and (b) it is not their non-residents’ foreign-sourced income. Defined in this Act: amount , excluded income , exempt income , non-residents’ foreign-sourced income , Compare: 2004 No 35 s CA 2