FC 9BResidential land: certain transferors

1. For the purposes of calculating a person’s net income in relation to the disposal of residential land for which they derive an amount of income under section CB 6A or CZ 39 (which relate to residential land), if the person is 1 of the following then they are treated as disposing of the relevant land for the greater of either its cost to them or the consideration they derive for the disposal:

2. a person transferring land to a trustee (the recipient), described in section CB 6AB(1) (Residential land transferred in relation to certain family trusts and other capacities), to which that subsection applies:
3. a trustee transferring land to a settlor (also a recipient), described in section CB 6AB(2), to which that subsection applies:
4. a person in a different capacity (also a recipient), described in section CB 6AB(4), to which that subsection applies:
5. a person transferring land to a Māori trustee (also recipient), described in section CB 6AC(1) (Residential land transferred in relation to certain Māori family trusts), to which that subsection applies:
6. a Māori trustee transferring land to a settlor (also a recipient), described in section CB 6AC(2), to which that subsection applies:
7. a transferor transferring land to a recipient, described in section CB 6AE (Certain transfers of residential land included in settlement of claim under the Treaty of Waitangi), to which that section applies.