Statute
Section FZ 5 — Income Tax Act 2007: Commercial bills
Text of the provision Official document
FZ 5 Commercial bills When this section applies (1) This section applies for the purposes of section CZ 6 (Commercial bills before 31 July 1986) when a commercial bill is transferred under a settlement of relationship property. Transfer at cost (2) The transfer is treated as a disposal by the transferor and an acquisition by the transferee for an amount that equals the cost of the bill to the transferor. Defined in this Act: amount , commercial bill , settlement of relationship property , Compare: 2004 No 35 s FF 5
Official source: legislation.govt.nz
There are no decisions in our collection citing this provision yet. As new judgments are published, they will appear here.
Search case law on this topic
See judgments from New Zealand courts and tribunals with a plain-English summary and legal holding.
Explore case law →