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Inland Revenue
Inland Revenue
Inland Revenue

Tax Policy

Special report
Published 9 April 2021

Special report on the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021

This special report provides early information on new legislation in the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021, enacted on 30 March 2021.

The report covers:

  • 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 was published in the July 2021 edition of the Tax Information Bulletin (Vol 33 No 6).

Corrections

This special report was first published on 9 April 2021. A corrected version was published on 28 April 2021.

Related Bills

Title Stage
Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill Enacted
Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Bill
Stage
Enacted

Related Announcements

Title Date
Special report on new tax legislation 09 Apr 2021
Updates required to the recent special report 21 Apr 2021
Special report on new tax legislation
Date
09 Apr 2021
Updates required to the recent special report
Date
21 Apr 2021