Section HD 25 — Income Tax Act 2007: Persons remitting amounts outside New Zealand

HD 25 Persons remitting amounts outside New Zealand Absentee landlords, mortgagors, or creditors (1) A person is treated as an agent if they are a tenant, mortgagor, or other person who remits an amount from New Zealand to an absentee who is their landlord, mortgagee, or creditor, when the amount is income derived by the absentee. But this subsection applies only after the Commissioner has notified the person that they are accountable as the absentee’s agent. When fund outside New Zealand (2) If the amount referred to in subsection (1) is paid by or on account of a person resident in New Zealand from a fund outside New Zealand, it is treated as an amount to which this section applies. Defined in this Act: absentee , agent , amount , Commissioner , income , New Zealand , notify , pay , resident in New Zealand , Compare: 2004 No 35 s HK 19