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Inland Revenue

Tax Policy

PUBLISHED 14 November 2005

Income Tax Act rewrite: Part F

As part of the progressive rewrite of the Income Tax Act, an exposure draft of rewritten Part F was released today for public comment. The redrafted Part F, "Recharacterisation for certain arrangements and entities", has been rationalised, and provisions not related to recharacterisation have been moved to other Parts of the Act. Submissions on the exposure draft close on 31 January. See "Rewriting the Income Tax Act – Exposure Draft, Part F".