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Income Tax Act 2007

Recharacterisation of certain transactions - Transfers of relationship property

FB 1: When this subpart applies

You could also call this:

"When you split property after a relationship ends"

Illustration for Income Tax Act 2007

This part of the law applies when you transfer property as part of a settlement of relationship property. You do this when a relationship ends. The law changed on 1 April 2008 and it applies to the 2008-09 income year and later years, as stated in the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516328.

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"How payments after a hire purchase agreement ends are treated for tax purposes"

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FB 1B: Meaning of settlement of relationship property and property, or

"What 'settlement of relationship property' means in simple terms"

Part FRecharacterisation of certain transactions
Transfers of relationship property

FB 1When this subpart applies

  1. This subpart applies when property is transferred on a settlement of relationship property.

Notes
  • Section FB 1: replaced (with effect on 1 April 2008 and applying for the 2008–09 and later income years), on , by section 161(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).