Statute
Section Sch5-11 — Income Tax Act 2007
Text of the provision Official document
11 When a vehicle is leased or rented to the person after it has been leased or rented to another person (the other person ), the cost price of a vehicle is its market value at the time it is first leased or rented to the person if— (a) the person is not associated with the other person; and (b) the person is not associated with the lessor or owner of the vehicle; and (c) the employee is not the lessor or owner of the vehicle; and (d) the employee is not associated with the lessor or owner of the vehicle.
Official source: legislation.govt.nz
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