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FZ 4: Deductions under specified leases
or “Rules for claiming expenses under certain types of leases”
You could also call this:

“Rules for transferring commercial bills during relationship property division”

This law is about what happens when someone gives a commercial bill to their partner as part of dividing up their property when their relationship ends. A commercial bill is a type of money-related document.

When this happens, the law treats it as if the person giving the bill has sold it, and the person getting the bill has bought it. The price of this ‘sale’ is the same as what the original person paid for the bill.

This rule is used when figuring out taxes related to commercial bills from before 31 July 1986, as mentioned in section CZ 6 of the law.

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Next up: FZ 6: Transitional valuation rule for estate property

or “Special valuation rules for inherited property before October 2005”
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Part F Recharacterisation of certain transactions
Terminating provisions

FZ 5Commercial bills

  1. This section applies for the purposes of section CZ 6 (Commercial bills before 31 July 1986) when a commercial bill is transferred under a settlement of relationship property.

  2. The transfer is treated as a disposal by the transferor and an acquisition by the transferee for an amount that equals the cost of the bill to the transferor.

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