Section EW 12 — Income Tax Act 2007: When use of spreading method required

EW 12 When use of spreading method required A party to a financial arrangement must use 1 of the spreading methods to calculate an amount of income or expenditure under the arrangement for each income year over the arrangement’s term, and to allocate it to the income year, unless section EW 13 applies. Defined in this Act: amount , financial arrangement , income , income year , spreading method , Compare: 2004 No 35 s EW 12