Section FB 10 — Income Tax Act 2007: Continuity provisions: shares and options

FB 10 Continuity provisions: shares and options When this section applies (1) This section applies to modify sections YC 2 to YC 6 (which relate to voting interests and market value interests) for the purposes of the application of the continuity provisions when a share, or option over a share, is transferred on a settlement of relationship property. Transferee treated as holding share or option (2) The transferee is treated as having acquired the share or option on the date it was acquired by the transferor, and to have held it at all times up to the date of transfer. Defined in this Act: continuity provisions , date of transfer , option , settlement of relationship property , share , Compare: 2004 No 35 s FF 1