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CB 26: Disposal of certain shares by portfolio investment entities
or “How portfolio investment entities handle income from selling certain shares and related dividends”
You could also call this:

“Rules for managing income over time using special schemes”

You need to know about income equalisation schemes. These are ways for you to manage your income over time. The law says that certain types of income from these schemes count as your income.

There are two main types of income equalisation schemes mentioned in this law:

The main income equalisation scheme is covered in several parts of the law. These parts explain when and how much of the money from this scheme counts as your income.

There’s also a special scheme for thinning operations in forestry. This is explained in other parts of the law. These parts also tell you when and how much of the money from this scheme counts as your income.

When you use these schemes, you need to follow the rules in the law to figure out how much income you have and when you have it.

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Next up: CB 27B: Entering partners’ livestock income

or “How new partners' livestock income was treated before the rule was removed”
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Part C Income
Income from business or trade-like activities: Exclusion for investment land

CB 27Income equalisation schemes

  1. Income derived by a person, as timed and quantified under any of the following provisions, is income of the person:

  2. sections EH 11, EH 14, EH 16, EH 18, EH 20 to EH 22, EH 24, and EH 26 (which relate to the main income equalisation scheme):
      1. sections EH 72, EH 74, and EH 76 (which relate to the thinning operations income equalisation scheme).

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        Notes
        • Section CB 27(b): repealed, on , by section 126(1) (and see section 126(3) for application) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).
        • Section CB 27 list of defined terms adverse event income equalisation scheme: repealed, on , by section 126(2) of the Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Act 2019 (2019 No 5).