Statute
Section DN 1 — Income Tax Act 2007: Attributed controlled foreign company loss
Text of the provision Official document
DN 1 Attributed controlled foreign company loss Deduction (1) A person is allowed a deduction for an attributed controlled foreign company (CFC) loss, subject to the jurisdictional ring-fencing rule in section DN 4 . Link with subpart DA (2) This section supplements the general permission and overrides the capital limitation. The other general limitations still apply. Defined in this Act: attributed CFC loss , capital limitation , deduction , general limitation , general permission , supplement , Compare: 2004 No 35 s DN 1
Official source: legislation.govt.nz
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