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Inland Revenue

Tax Policy

PUBLISHED 15 October 2009

Special report: associated persons

The final in our series of special reports on various aspects of the new legislation deals with changes to strengthen the definitions of "associated persons" in the Income Tax Act. The changes generally come into force in the 2010-11 income year. The changes relating to land transactions generally apply to land acquired on or after 6 October 2009, the date of enactment.

Full coverage of the contents of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act will be the feature of a forthcoming "Tax Information Bulletin".