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Technical tax area
Ngā tūmomo whakataunga me ngā aratohu

QB 16/06: Income tax - land acquired for a purpose or with an intention of disposal

This item provides guidance about when proceeds from the disposal of land acquired with a purpose or intention of disposal are taxable under s CB 6. This item discusses when s CB 6 will apply, providing a number of examples to illustrate this, and discusses the relationship between s CB 6 and the 2-year "bright-line" rule.

Date of issue: 28 July 2016

QB 16/06 - PDF format (199kb | 12 pages)

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