Statute
Section CW 59C — Income Tax Act 2007: Life reinsurance outside New Zealand
Text of the provision Official document
CW 59C Life reinsurance outside New Zealand An amount of life reinsurance claim derived by a life insurer is exempt income to the extent to which, for the relevant life reinsurance policy, deductions for premiums are denied under section DR 3 (Life reinsurance outside New Zealand). Defined in this Act: amount , claim , deduction , exempt income , income , life insurer , life reinsurance , life reinsurance policy , New Zealand , premium Section CW 59C: inserted, on 1 July 2010, by section 49(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
Official source: legislation.govt.nz
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