Interpretation statements IS 14/04 Income tax - Deductibility of company administration costs 1 considers whether a range of expenditure incurred by companies is deductible under the ITA 2007. This is based on the principles of deductibility under the Act, the general permission, the capital and private limitation and apportionment(para 25 in IS 14/04). General permission requires nexus with income(Para 27). This Interpretation statement is for companies registered in the share markets registry. Initial listing has capital limitation while periodic listing have general permission (Commissioners view) . The Interpretation statements lists out the related case laws. Following the the same reasoning Registering or liquidating a company is of a capital nature, so not deductible. 1. https://www.taxtechnical.ird.govt.nz/en/interpretation-statements/is-1404-income-tax-deductibility-of-company-administration-costs
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