Statute
Section DB 13 — Income Tax Act 2007: Repayment of debt sold at discount to associate of debtor
Text of the provision Official document
DB 13 Repayment of debt sold at discount to associate of debtor Deduction (1) When section EW 49(5)(b) (Income and deduction when debt sold at discount to associate of debtor) applies, the debtor is allowed a deduction for the amount quantified in that subsection. Link with subpart DA (2) This section supplements the general permission and overrides all the general limitations. Defined in this Act: amount , associated person , deduction , general limitation , general permission , supplement , Compare: 2004 No 35 s DB 10
Official source: legislation.govt.nz
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from New Zealand courts and tribunals with a plain-English summary and legal holding.
Explore case law →