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Ngā tūmomo whakataunga me ngā aratohu

QB 16/07: Income tax – land sale rules – main home and residential exclusions – regular pattern of acquiring and disposing, or building and disposing

This item provides guidance on when land sellers/renovators will have a “regular pattern” of transactions that prevents them using the residential exclusion (in s CB 16) from the land sale rules in ss CB 6 to CB 11, and when they will have a regular pattern of transactions that prevents them using the main home exclusion (in s CB 16A) from the 2-year “bright-line” test.

Date of issue: 31 August 2016

QB 16/07 - PDF format (772kb | 18 pages)

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