Statute
Section CC 5 — Income Tax Act 2007: Annuities
Text of the provision Official document
CC 5 Annuities Income (1) An annuity derived by a person is income of the person. Apportionment (2) Income under an annuity due but unpaid on the date on which a person disposes of the annuity is apportioned between the person disposing of the annuity and the person acquiring it. Relationship with sections CW 4 and CW 30 (3) This section is overridden by sections CW 4 (Annuities under life insurance policies) and CW 30 (Annuities from Crown Bank Accounts). Defined in this Act: income , pay Compare: 2004 No 35 s CC 5
Official source: legislation.govt.nz
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