Statute
Section DP 7 — Income Tax Act 2007: Land contouring: no deduction
Text of the provision Official document
DP 7 Land contouring: no deduction No deduction (1) A person who derives income under section CB 24 (Disposal of timber or right to take timber) or CB 25 (Disposal of land with standing timber) is denied a deduction for expenditure that they incur on land contouring in the course of deriving the income. Link with subpart DA (2) This section overrides the general permission. Defined in this Act: deduction , general permission , income , Compare: 2004 No 35 s DP 6
Official source: legislation.govt.nz
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