Section CZ 11 — Income Tax Act 2007: Recovery of deductions for software acquired before 1 April 1993

CZ 11 Recovery of deductions for software acquired before 1 April 1993 What this section applies to (1) This section applies to any of the following items for the acquisition of which a person was allowed a deduction before 1 April 1993: (a) the copyright in software: (b) the right to use the copyright in software: (c) the right to use software. Income (2) An amount derived from the disposal of the item is income. Relationship with sections EE 44 to EE 52 and EZ 20 (3) Sections EE 44 to EE 52 (which relate to disposals and similar events) apply to the item. Section EZ 20 (Adjusted tax value for software acquired before 1 April 1993) deals with the adjusted tax value of the item. Defined in this Act: adjusted tax value , amount , income , Compare: 2004 No 35 s CZ 11