Income Tax Act 2007

Recharacterisation of certain transactions - Transfers of relationship property

FB 1B: Meaning of settlement of relationship property and property

You could also call this:

"What a settlement of relationship property and property means"

When you are talking about relationship property, a settlement of relationship property means a transaction under a relationship agreement. This transaction creates a disposal and acquisition of property between two people who are parties to the agreement or associated with parties to the agreement. You know that property includes a look-through interest for a look-through company.

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 It might be out of date or be missing some parts.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

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6759410.

This page was last updated on 29 January 2026 — View changes

Topics:

Family and relationships > Marriage and partnershipsMoney and consumer rights > Consumer protectionHousing and property > Buying and selling homesHousing and property > Home safety and repairs

FB 1: When this subpart applies, or

"When you split property with your ex-partner"

FB 1C: Obligations for periods before and from transfer of property, or

"Tax responsibilities when getting a property from someone else"

Part FRecharacterisation of certain transactions
Transfers of relationship property

FB 1BMeaning of settlement of relationship property and property

In this subpart,—
settlement of relationship property means a transaction under a relationship agreement that creates a disposal and acquisition of property between—
1. a person who is a party to the relationship agreement or is associated with a party to the agreement:
2. another person who is a party to the relationship agreement or is associated with a party to the agreement:
property includes a look-through interest for a look-through company.

Notes

Section FB 1B: inserted (with effect on 1 April 2008 and applying for the 2008–09 and later income years), on 24 February 2016, by section 162(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).
Section FB 1B: replaced (with effect on 1 April 2011 and applying for income years beginning on or after that date), on 24 February 2016, by section 163(1) of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).
Section FB 1B(a): replaced, on 24 February 2016, by section 164 of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Act 2016 (2016 No 1).