Income - Income from business or trade-like activities
CB 6AE: Certain transfers of residential land included in settlement of claim under the Treaty of Waitangi
You could also call this:
“Residential land transfers for Treaty of Waitangi settlements are ending soon”
This part of the law is about a special kind of land transfer. It’s about residential land that is given as part of settling claims under the Treaty of Waitangi. The Treaty of Waitangi is a very important agreement in New Zealand’s history.
You should know that this part of the law will not be used anymore after 1 July 2024. The government has decided to remove it from the law. This change was made by another law called the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024.
Even though this law will soon stop being used, it’s still part of the Income Tax Act 2007 for now. This Act is all about how income is taxed in New Zealand.
CB 6: Disposal: land acquired for purpose or with intention of disposal, or
“Tax on profit from selling land you bought to resell”
Part C
Income
Income from business or trade-like activities
CB 6AECertain transfers of residential land included in settlement of claim under the Treaty of Waitangi (Repealed)
Notes
Section CB 6AE: repealed, on , by section 127 of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Act 2024 (2024 No 11).
