Section EW 51 — Income Tax Act 2007: Deduction for security payment

EW 51 Deduction for security payment When subsection (2) applies: loss generally (1) Subsection (2) applies when a person is allowed a deduction under section DB 14(2) (Security payment). Amount of deduction (2) The person is allowed a deduction no greater than the amount of the security payment. When subsection (4) applies: share loss (3) Subsection (4) applies when a person is allowed a deduction under section DB 14(4) . Amount of deduction (4) The person is allowed a deduction no greater than the amount of the security payment. Defined in this Act: amount , deduction , pay , security payment , Compare: 2004 No 35 s EW 52