Section CC 8 — Income Tax Act 2007: Use of money interest payable by Commissioner

CC 8 Use of money interest payable by Commissioner Income (1) Interest payable by the Commissioner to a person under Part 7 of the Tax Administration Act 1994 is income of the person. Timing of income (2) Interest to which this section applies is allocated under section EF 4 (Use of money interest payable by Commissioner). Relationship with financial arrangements rules (3) Interest to which this section applies is disregarded for the purposes of the financial arrangements rules. Defined in this Act: Commissioner , financial arrangements rules , income , interest , pay Compare: 2004 No 35 s CC 8