Income Tax Act 2007
Sections and provisions with full text and the judgments that cite each one.
Section Sch4-1-dup4
1 A payment for commercial cleaning or maintenance work has a 0.20 rate of tax for each dollar of the payment.
Section Sch4-1-dup5
1 A payment for labour-only building work, or for labour-only fishing boat work, has a 0.20 rate of tax for each dollar of the payment.
Section Sch4-1-dup6
1 A payment of a media contribution fee, or of a promotional appearance fee, has a 0.25 rate of tax for each dollar of the payment.
Section Sch4-1-dup7
1 A payment of commission or remuneration to an insurance agent or sub-agent, or to a salesperson has a 0.20 rate of tax for each dollar of the payment.
Section Sch4-1-dup8
1 A payment that relates to a purchase of schedular natural products has a 0.25 rate of tax for each dollar of the payment, if the payment is made to the seller and it is not an exempt natural…
Section Sch4-1-dup9
1 A personal service rehabilitation payment for a person under the Accident Compensation Act 2001 has a 0.105 rate of tax for each dollar of the payment. Schedule 4 part 1 clause 1: amended, on 21…
Section Sch4-2-dup3
2 A payment for work or services referred to in the following paragraphs has a 0.15 rate of tax for each dollar of the payment: (a) mail delivery or collection: (b) transporting school children: (c)…
Section Sch4-2-dup4
2 In this part,— labour-only fishing boat work means work or services under a contract, arrangement, or agreement for profit-sharing which is exclusively or substantially for the supply of labour in…
Section Sch4-2-dup5
2 A payment that relates to media production work has a 0.20 rate of tax for each dollar of the payment, if part A of this schedule, and clauses 4 and 5 of this part do not apply to the payment.
Section Sch4-2-dup6
2 A payment that relates to a purchase of game has a 0.25 rate of tax for each dollar of the payment, if the payment is made to the seller.
Section Sch4-3
3 In this part,— commercial cleaning or maintenance work means work or services that are related to schedular commercial land, if the work or services have the following nature: (a) cleaning all or…
Section Sch4-3-dup2
3 A payment of a modelling fee has a 0.20 rate of tax for each dollar of the payment.
Section Sch4-3-dup3
3 In this part,— exempt natural products payment means a payment that relates to the purchase of schedular natural products, if the payment is made— (a) to a natural products dealer: (b) on a…
Section Sch4-4
4 A payment for services connected with a non-resident entertainer providing or performing a Part F activity has a 0.20 rate of tax for each dollar of the payment, if the payment is— (a) to the…
Section Sch4-5
5 A payment for services connected with a New Zealand resident providing or performing a Part F activity has a 0.20 rate for each dollar of the payment, if clause 6 does not apply to the payment and…
Section Sch4-6
6 A payment for services connected with a New Zealand resident providing or performing a Part F activity has a 0.15 rate for each dollar of the payment, if the payment relates to shares of riding or…
Section Sch4-7
7 In this part,— media contribution fee means fees or remuneration, paid to a contributor, that relate to a contribution for television, radio, theatre, stage, or printed media media production work…
Section DB 4B — Fees to purchase funds in tax pooling accounts
DB 4B Fees to purchase funds in tax pooling accounts Deduction (1) A person is allowed a deduction for expenditure incurred in purchasing an amount held in a tax pooling account to pay a liability…
Section DV 4B — Carry forward of expenditure by member funds investing in portfolio investment entities
DV 4B Carry forward of expenditure by member funds investing in portfolio investment entities When this section applies (1) This section applies when— (a) a master fund that is a multi-rate PIE has a…
Section GC 4B — Disposals of ETS units at below market value
GC 4B Disposals of ETS units at below market value [Repealed] Section GC 4B: repealed (with effect on 26 September 2008), on 6 October 2009, by section 244 of the Taxation (International Taxation,…
Section HR 4B — Crown activities through New Zealand Superannuation Fund
HR 4B Crown activities through New Zealand Superannuation Fund Amounts of income derived and expenditure incurred by the Crown in relation to the activities of its New Zealand Superannuation Fund are…
Section HZ 4B — Qualifying companies: transition into partnership
HZ 4B Qualifying companies: transition into partnership When this section applies (1) This section applies when a QCP transitional process is carried out for a qualifying company or companies for the…
Section MF 4B — Calculation of instalments: 1 April 2008 to 30 September 2008
MF 4B Calculation of instalments: 1 April 2008 to 30 September 2008 Section MF 4B: repealed, on 1 April 2011 (applying for the 2011–12 income year and later income years), by section 63(2) of the…
Section OK 4B — MACA expenditure on research and development
OK 4B MACA expenditure on research and development Credit (1) A Maori authority has a Maori authority credit for an amount of a tax credit that the authority has under section LH 2 (Tax credits…
Section Sch4-1B
1B A payment has a 0.33 rate of tax for each dollar of the payment, if it is for work or services performed by–– (a) a local government elected representative: (b) an official of a community…
Section HZ 4C — Qualifying companies: transition into look-through companies
HZ 4C Qualifying companies: transition into look-through companies When this section applies (1) This section applies when a qualifying company first becomes a look-through company for the first or…
Section MF 4C — Calculation of instalments: 1 October 2008 to 31 March 2009
MF 4C Calculation of instalments: 1 October 2008 to 31 March 2009 Section MF 4C: repealed, on 1 April 2011 (applying for the 2011–12 income year and later income years), by section 63(2) of the…
Section HZ 4D — Qualifying companies: transition into sole traderships
HZ 4D Qualifying companies: transition into sole traderships When this section applies (1) This section applies when a QCST transitional process is carried out for a qualifying company for the first…
Section MF 4D — Calculation of instalments: 1 April 2010 to 30 September 2010
MF 4D Calculation of instalments: 1 April 2010 to 30 September 2010 When this section applies (1) This section applies for calculating the amount of an instalment by way of tax credit under section…
Section MF 4E — Calculation of instalments: 1 October 2010 to 31 March 2011
MF 4E Calculation of instalments: 1 October 2010 to 31 March 2011 When this section applies (1) This section applies for calculating the amount of an instalment by way of tax credit under section MD…
Section BC 5 — Taxable income
BC 5 Taxable income A person's taxable income for a tax year is determined by subtracting any available tax loss that the person has from their net income under Part I (Treatment of tax losses).…
Section CB 5 — Business of dealing in personal property
CB 5 Business of dealing in personal property An amount that a person derives from disposing of personal property is income of the person if their business is to deal in property of that kind.…
Section CC 5 — Annuities
CC 5 Annuities Income (1) An annuity derived by a person is income of the person. Apportionment (2) Income under an annuity due but unpaid on the date on which a person disposes of the annuity is…
Section CD 5 — What is a transfer of value?
CD 5 What is a transfer of value? General test (1) A transfer of value from a company to a person occurs when— (a) the company provides money or money’s worth to the person; and (b) if the person…
Section CE 5 — Meaning of expenditure on account of an employee
CE 5 Meaning of expenditure on account of an employee Meaning (1) Expenditure on account of an employee means a payment made by an employer relating to expenditure incurred by an employee or to be…
Section CG 5 — Recoveries or receipts by employers from superannuation schemes
CG 5 Recoveries or receipts by employers from superannuation schemes When this section applies (1) This section applies when— (a) an employer makes an employer’s superannuation contribution to a…
Section CH 5 — Adjustment for GST
CH 5 Adjustment for GST Income (1) An adjustment taken into account under section 20(3)(e) of the Goods and Services Tax Act 1985 relating to the application of goods and services is income of a…
Section CQ 5 — When FIF income arises
CQ 5 When FIF income arises General rule (1) A person has FIF income in an income year if— (a) at any time in the year, the person has— (i) rights in a foreign company, or a foreign superannuation…
Section CS 5 — Exclusion of withdrawal paid as annuity or pension
CS 5 Exclusion of withdrawal paid as annuity or pension [Repealed] Section CS 5: repealed, on 1 April 2011, by section 12 of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver,…
Section CT 5 — Petroleum mining operations outside New Zealand
CT 5 Petroleum mining operations outside New Zealand This subpart, and sections CX 42 (Disposal of ownership interests in controlled petroleum mining entities) and CX 43 (Farm-out arrangements for…
Section CU 5 — Compensation and scrap payment: income from mining
CU 5 Compensation and scrap payment: income from mining Income (1) When, under section CU 4 , this section applies, the total of the following amounts is income from mining of the mining company: (a)…
Section CV 5 — Statutory producer boards
CV 5 Statutory producer boards A levy received by a statutory producer board, other than a levy charged specifically for capital development, is income. Defined in this Act: income , levy , statutory…
Section CW 5 — Payments of interest: post-war credits
CW 5 Payments of interest: post-war credits Interest derived by a person under section 2 of the Income Tax (Repayment of Post-War Credits) Act 1959 of the United Kingdom Parliament is exempt income.…
Section CX 5 — Relationship with exempt income
CX 5 Relationship with exempt income Exempt income not fringe benefit (1) To the extent to which a benefit that an employer provides to an employee in connection with their employment is exempt…
Section CZ 5 — Exempt interest: overseas money lent to government or local or public authority before 29 July 1983
CZ 5 Exempt interest: overseas money lent to government or local or public authority before 29 July 1983 Exempt income (1) Amounts that a non-resident derives are exempt income if they are derived…
Section DB 5 — Transaction costs: borrowing money for use as capital
DB 5 Transaction costs: borrowing money for use as capital Deduction (1) A person is allowed a deduction for expenditure incurred in borrowing money that is used as capital in deriving their income.…
Section DC 5 — Payments to spouses, civil union partners, or de facto partners: services
DC 5 Payments to spouses, civil union partners, or de facto partners: services No deduction without approval (1) A person is denied a deduction for a payment to their spouse, civil union partner, or…
Section DD 5 — Promoting businesses, goods, or services
DD 5 Promoting businesses, goods, or services Sponsored promotions (1) The limitation rule does not apply to a deduction for expenditure on entertainment if— (a) the entertainment is sponsored mainly…
Section DE 5 — Actual records
DE 5 Actual records To determine the proportion of business use of a motor vehicle, a person may use actual records showing the reasons for and the distance of journeys by a motor vehicle for…
Section DF 5 — Government funding additional to government screen production payments
DF 5 Government funding additional to government screen production payments When this section applies (1) This section applies when a public authority makes a payment (the funding payment ) to a…