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Income Tax Act 2007

Income - Terminating provisions

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

You could also call this:

"Excluding your main home from the bright-line rule if bought after 29 March 2018"

Illustration for Income Tax Act 2007

You have a main home that is excluded from the bright-line rule if you bought it on or after 29 March 2018. This rule is part of the Income Tax Act 2007 and is about your income. The main home exclusion for bright-line was repealed on 1 July 2024, by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024, which you can find on the legislation website https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS945321

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS478299.

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Topics:
Money and consumer rights > TaxesHousing and property > Buying and selling homes
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CZ 39: Disposal within 5 years: bright-line test for residential land: acquisition on or after 29 March 2018, or

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CZ 41: Distributions to supplying shareholders of Fonterra: 2022–23 to 2024–25 income years, or

"Money from Fonterra for shareholders who supply goods"

Part CIncome
Terminating provisions

CZ 40Main home exclusion for bright-line: acquisition on or after 29 March 2018 (Repealed)

    Notes
    • Section CZ 40: repealed, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).