Statute
Section DT 1 — Income Tax Act 2007: Petroleum exploration expenditure
Text of the provision Official document
DT 1 Petroleum exploration expenditure Deduction (1) A person is allowed a deduction for petroleum exploration expenditure incurred by them. Relationship with section DT 2 (2) This section is overridden by section DT 2 . Link with subpart DA (3) This section supplements the general permission and overrides the capital limitation. The other general limitations still apply. Defined in this Act: capital limitation , deduction , general limitation , general permission , petroleum exploration expenditure , supplement , Compare: 2004 No 35 s DT 1
Official source: legislation.govt.nz
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