Statute
Section DB 16 — Income Tax Act 2007: Share-lending collateral under share-lending arrangements
Text of the provision Official document
DB 16 Share-lending collateral under share-lending arrangements No deduction (1) A person is denied a deduction for the amount of expenditure incurred as share-lending collateral under a share-lending arrangement. Link with subpart DA and other subject matter (2) This section overrides— (a) the general permission: (b) sections DB 23 to DB 26 . Defined in this Act: amount , deduction , general permission , share-lending arrangement , share-lending collateral , Compare: 2004 No 35 s DB 12B
Official source: legislation.govt.nz
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