We have just released a new determination under section 91AAR of the Tax Administration Act 1994 that outlines when eligible relocation expenses may be treated as exempt income.
The determination applies to relocation expenses incurred for the 2002–2003 and subsequent income years.
The determination can be viewed in Tax Information Bulletin, Volume 21, No. 9 (December 2009) or at
www.ird.govt.nz/technical-tax