Finance (Income Taxes) Bill · cl 26

Suggest a correction

Tell us what is wrong in this text. We check every suggestion against the official version before we change anything.

What is wrong?Wrong or mistyped wordsWrong structure or numberingWrong title or detailsText that appears twice

What should change, and whyUp to 2,000 characters.The text as it should read (optional)Edit the text above. Up to 20,000 characters.Where you checked it (optional)A link to the official version, if you have one.

The text as we hold it

Open the official text

cl 26Amendment of section 45I

In the ITA, in section 45I —

(a)

in subsections (1)(a) and (3)(d), (e), (f)(i) and (g), replace “31 December 2026” with “31 December 2031”;

(b)

in subsection (1)(ca)(i), replace “the date on which the Income Tax (Amendment) Act 2022 is published in the Gazette, to 31 December 2026” with “4 November 2022 to 31 December 2031”;

(c)

in subsection (3), replace paragraph (da) with —“(da)at any time during the period from 4 November 2022 to 31 December 2031 (both dates inclusive) under a contract which was varied, where the variation takes effect on or after 4 November 2022 and before the approval date;”; and

(d)

in subsection (3)(fa), replace sub‑paragraph (i) with —“(i)the variation takes effect on a date which falls within the period from 4 November 2022 or the approval date (whichever is later) to 31 December 2031 (both dates inclusive); and”.