Statute
Section CZ 6 — Income Tax Act 2007: Commercial bills before 31 July 1986
Text of the provision Official document
CZ 6 Commercial bills before 31 July 1986 Income: redemption (1) The amount that a person receives on the redemption of a commercial bill owned by the person is income of the person. Income: disposal (2) The value of a commercial bill on the day its owner disposes of it is income of the owner. This subsection does not apply if the disposal is a transfer under a relationship agreement. Defined in this Act: amount , commercial bill , income , relationship agreement , Compare: 2004 No 35 s CZ 6
Official source: legislation.govt.nz
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