Section DZ 9 — Income Tax Act 2007: Premium paid on land leased before 1 April 1993

DZ 9 Premium paid on land leased before 1 April 1993 When this section applies (1) This section applies when a person ( person A ) leases land that they use in deriving their income and a grant or renewal of the lease occurs before 1 April 1993. Deduction (2) Person A is allowed a deduction of the amount quantified in section EZ 8(2) (Premium paid on land leased before 1 April 1993). Link with subpart DA (3) This section supplements the general permission. The general limitations still apply. Defined in this Act: amount , deduction , general limitation , general permission , income , lease , premium , supplement , Compare: 2004 No 35 s DZ 9