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CZ 38: Disposals of trading stock to non-associates without business purpose
or “Selling business goods to unrelated people without a business reason (no longer applies)”
You could also call this:

“Selling homes bought after 29 March 2018 within 5 years: old tax rule ending 1 July 2024”

You might have heard of a rule called the ‘bright-line test’ for residential land. This rule was about selling houses within 5 years of buying them. It applied to houses bought on or after 29 March 2018. However, this specific part of the law will no longer be in effect from 1 July 2024. The government has decided to remove this rule from the Income Tax Act 2007.

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Next up: CZ 40: Main home exclusion for bright-line: acquisition on or after 29 March 2018

or “Tax rules for selling homes bought after 29 March 2018, changing from 1 July 2024”
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Part C Income
Terminating provisions

CZ 39Disposal within 5 years: bright-line test for residential land: acquisition on or after 29 March 2018 (Repealed)

    Notes
    • Section CZ 39: repealed, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).