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Income Tax Act 2007

Timing and quantifying rules - Life insurance rules - Transitional adjustments and annuities

EY 34: Mortality profit formula: negative result

You could also call this:

“This rule about calculating life insurance profits no longer applies”

You should know that this part of the law, called ‘Mortality profit formula: negative result’, no longer applies. It was removed from the Income Tax Act 2007 on 1 July 2010. This means that you don’t need to worry about this specific rule anymore when thinking about income tax in New Zealand.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1515898.

Topics:

Money and consumer rights > Taxes

EY 33: Mortality profit formula: individual result may be negative only in some cases, or

"Rules for negative mortality profit calculations in insurance are no longer applicable"

EY 35: How discontinuance profit is calculated, or

"This section has been removed and no longer applies"

Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 34Mortality profit formula: negative result (Repealed)

Notes

Section EY 34: repealed, on 1 July 2010, by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).

	
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