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Income Tax Act 2007

Income - Income from business or trade-like activities - Partial or multiple disposals of land

CB 23B: Land partially disposed of or disposed of with other land

You could also call this:

"Selling land that is partly or wholly sold, or sold with other land"

Illustration for Income Tax Act 2007

When you dispose of land, sections CB 6A to CB 23 apply if the land is part of the land, the whole of the land, or disposed of with other land. You need to consider these sections when land is disposed of in these ways. This helps you understand how the rules apply to the land you dispose of.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1611230.

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Money and consumer rights > TaxesHousing and property > Buying and selling homesHousing and property > Land use
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Part CIncome
Income from business or trade-like activities: Partial or multiple disposals of land

CB 23BLand partially disposed of or disposed of with other land

  1. Sections CB 6A to CB 23 apply to an amount derived from the disposal of land if the land is—

  2. part of the land to which the relevant section applies:
    1. the whole of the land to which the relevant section applies:
      1. disposed of together with other land.

        Compare
        Notes
        • Section CB 23B: inserted, on , by section 313 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).
        • Section CB 23B heading: amended (with effect on 1 April 2015 and applying for the 2015–16 and later income years), on , by section 242(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).
        • Section CB 23B: amended, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).
        • Section CB 23B: amended (with effect on 27 March 2021), on , by section 13 of the Taxation (Annual Rates for 2020–21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021 No 8).
        • Section CB 23B: amended (with effect on 1 October 2015 and applying to a person’s disposal of residential land if the date that the person first acquires an estate or interest in the residential land is on or after that date), on , by section 9(1) of the Taxation (Bright-line Test for Residential Land) Act 2015 (2015 No 111).