Statute
Section EE 53 — Income Tax Act 2007: Unused geothermal well brought into use
Text of the provision Official document
EE 53 Unused geothermal well brought into use When this section applies (1) This section applies to a person when an event occurs to which section EE 47(6) applies. Person treated as acquiring well (2) The person is treated as having acquired the geothermal well on the day on which the event occurs for the cost of the well under this subpart before the event occurs. Defined in this Act: acquire , geothermal well , Compare: 2004 No 35 s EE 44B
Official source: legislation.govt.nz
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