Section EZ 43 — Income Tax Act 2007: Variable principal debt instruments

EZ 43 Variable principal debt instruments For the purposes of the old financial arrangements rules, where a person is a party to a variable principal debt instrument on the implementation date, the person is deemed to have acquired or, as the case may be, issued it on that day for a consideration equal to the amount of money that would be payable to the holder on that day if the amount or amounts payable under the financial arrangement were due and payable on that day. Compare: 2004 No 35 s EZ 40