Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from business or trade-like activities

CB 6AB: Residential land transferred in relation to certain family trusts and other capacities

You could also call this:

“This rule about residential land transfers involving family trusts has been removed”

This law is no longer in effect. It used to be about how residential land was handled when it was transferred in relation to certain family trusts and other situations. The government decided to remove this rule from the law books on 1 July 2024. If you want to know more about why this change happened, you can look at section 127 of the Taxation Act from 2024.

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 It might be out of date or be missing some parts.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=LMS673317.

Topics:
Money and consumer rights > Taxes
Previous

CB 6A: Disposal within 2 years: bright-line test for residential land, or

“Tax on residential land sold within 2 years of purchase”

Next

CB 6AC: Residential land transferred in relation to certain Māori family trusts, or

“Rules for residential land transfers involving Māori family trusts (repealed from July 2024)”

Part C Income
Income from business or trade-like activities

CB 6ABResidential land transferred in relation to certain family trusts and other capacities (Repealed)

    Notes
    • Section CB 6AB: repealed, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).