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Inland Revenue

Tax Policy

PUBLISHED 9 April 2021

Special report on new tax legislation

On 30 March, the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 was granted Royal assent and passed into law.

A special report on the new legislation is now available and provides early information on:

  • land-related amendments (including the extension to the bright-line test)
  • feasibility expenditure
  • purchase price allocation
  • unclaimed money, and
  • other changes.

Comprehensive coverage of the new Act will be published in an upcoming edition of the Tax Information Bulletin.