Statute
Section CU 7 — Income Tax Act 2007: Compensation and scrap payment: not income from mining
Text of the provision Official document
CU 7 Compensation and scrap payment: not income from mining When, under sections CU 4 and CU 6 , this section applies, neither of the following amounts is income from mining of the mining company: (a) the amount of insurance, indemnity, or compensation paid; or (b) the amount, if any, payable to the company for the disposal of any scrap of the asset. Defined in this Act: amount , asset , income from mining , mining company , pay , Compare: 2004 No 35 s CU 7
Official source: legislation.govt.nz
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