Statute
Section CW 60 — Income Tax Act 2007: Stake money
Text of the provision Official document
CW 60 Stake money Stake or prize money for a dog race, horse race, or trotting race is exempt income if— (a) it is paid by a club that is licensed to use the totalisator under the Racing Act 2003 ; or (b) the race is held outside New Zealand. Defined in this Act: exempt income , New Zealand , pay , Compare: 2004 No 35 s CW 48
Official source: legislation.govt.nz
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