Statute
Section FO 9 — Income Tax Act 2007: Unexpired portion of prepaid expenditure
Text of the provision Official document
FO 9 Unexpired portion of prepaid expenditure If an amalgamating company ends its existence on amalgamation, the unexpired portion under section EA 3 (Prepayments) of an amount of expenditure of the amalgamating company for the income year of amalgamation is treated as the amalgamated company’s unexpired amount of the expenditure. Defined in this Act: amalgamated company , amalgamating company , amalgamation , amount , income year , prepaid expenditure , Compare: 2004 No 35 s FE 4(a)
Official source: legislation.govt.nz
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