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CZ 37: Income equalisation schemes
or “Rules for tax treatment of refunds from income smoothing schemes for farmers and businesses”
You could also call this:

“Selling business goods to unrelated people without a business reason (no longer applies)”

You should know that this part of the law was about selling trading stock to people who aren’t connected to your business when there’s no business reason for doing it. However, this rule doesn’t apply anymore. It was removed from the law on 1 April 2024.

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Next up: CZ 39: Disposal within 5 years: bright-line test for residential land: acquisition on or after 29 March 2018

or “Selling homes bought after 29 March 2018 within 5 years: old tax rule ending 1 July 2024”
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Part C Income
Terminating provisions

CZ 38Disposals of trading stock to non-associates without business purpose (Repealed)

    Notes
    • Section CZ 38: repealed, on , by section 32 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).