Forests (Payment of Money) Order 2006
A payment to protect high conservation-value land in Southland has been exempted from income tax under the Forests (Payment of Money) Order 2006.
A payment to protect high conservation-value land in Southland has been exempted from income tax under the Forests (Payment of Money) Order 2006.
The Order in Council, made under the Forests Amendment Act 2004 (see Tax Information Bulletin Vol. 16, No. 8, page 19) exempts the January 2005 payment made by the Nature Heritage Fund to the owners of a block of land in Waitutu Forest for entering into a conservation covenant over the land.
The Order in Council, which came into effect on 20 July 2006, implements part of the government's SILNA (South Island Landless Natives Act 1906) Policy Package announced in 2002.
(Forests (Payment of Money) Order 2006 (2006/155))