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

6 Section CB 14 amended (Disposal: amount from land affected by change and not already in income)

(1)

In section CB 14(1)(a), replace “sections CB 6” with “sections 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.