When you transfer residential land as part of a relationship property settlement, it is treated as if you sold the land and bought it back for the same price. You are considered to have disposed of the land and acquired it again for the same amount it cost you. The date you first bought the land is still used for the bright-line test. You need to know what the bright-line test is, it is related to sections CB 6A and CB 16A and Part D of the law. The person you transfer the land to will use the same bright-line start date as you. This means the date you first acquired the land is the date used for the bright-line test for them as well.