Taxation (Bright-line Test for Residential Land) Act 2015

7 Section CB 15B amended (When land acquired)

(1)

In section CB 15B(1), replace “For the purposes of this subpart” with “For the purposes of this subpart except section CB 6A”.

(2)

Subsection (1) applies to a person’s disposal of residential land if the date that the person first acquires an estate or interest in the residential land is on or after 1 October 2015.