Section CZ 26 — Income Tax Act 2007: Land and buildings affected by Canterbury earthquakes—sections CB 9 to CB 12 overridden for Government purchase

CZ 26 Land and buildings affected by Canterbury earthquakes—sections CB 9 to CB 12 overridden for Government purchase Sections CB 9 to CB 12 (which relate to disposals within 10 years of acquisition) do not apply to a person and land or buildings purchased by the Government from the person under section 53(1) of the Canterbury Earthquake Recovery Act 2011. Defined in this Act: land Section CZ 26: inserted (with effect on 4 September 2010), on 2 November 2012, by section 20 of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).