Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
DB 18A: Ring-fenced allocations: disposal of residential land within 5 years
or “This rule about selling residential land within 5 years no longer applies”
You could also call this:

“Removed rule about tax deductions when selling houses to people you know”

This section of the law has been removed. It used to be about limiting how much money you could take off your taxes when you sold a house to someone you know within 5 years. But now, this rule no longer exists in the law.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: DB 18: Transaction costs: leases

or “You can claim deductions for costs of preparing and registering leases”
Next

Part D Deductions
Specific rules for expenditure types

DB 18ABDeduction cap: disposal of residential land within 5 years to associated persons (Repealed)

    Notes
    • Section DB 18AB: repealed (with effect on 1 April 2019), on , by section 58 of the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Act 2019 (2019 No 33).