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Income Tax Act 2007

Recharacterisation of certain transactions - Transfers of relationship property

FB 9: Financial arrangements rules

You could also call this:

"Rules for money arrangements when relationships end"

Illustration for Income Tax Act 2007

You have a financial arrangement that is transferred when a relationship ends. The financial arrangements rules do not apply if it meets certain criteria set out in section EW 10(6). You can find out about the old financial arrangements rules in section EZ 45(c).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1516345.

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Family and relationships > Marriage and partnershipsFamily and relationships > Children and parentingMoney and consumer rights > Taxes
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Part FRecharacterisation of certain transactions
Transfers of relationship property

FB 9Financial arrangements rules

  1. The financial arrangements rules do not apply to a financial arrangement transferred on a settlement of relationship property if the financial arrangement meets the criteria set out in section EW 10(6) (Financial arrangements to which financial arrangements rules apply). For the application of the old financial arrangements rules, see section EZ 45(c) (Application of old financial arrangements rules).

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Notes
  • Section FB 9: amended (with effect on 1 April 2008), on , by section 203(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).