Tax treatment of land disposals under s CB 3
Inland Revenue is consulting on draft guidance about when land sales may be taxable as part of a profit-making undertaking or scheme under section CB 3.
- Closing date
- 13 August 2026
- Added to Civics
- 4 July 2026
- Source category
- Public service
- Source body
- Inland Revenue Department
- Last checked
- 4 July 2026
Closes in 40 days
Plain-English summary
Inland Revenue is consulting on draft interpretation guidance about when a disposal of land may be taxable under section CB 3 of the Income Tax Act 2007.
The draft says section CB 3 can apply to some land disposals as part of a profit-making undertaking or scheme, and explains how Inland Revenue proposes to apply that view. It follows an earlier December 2024 consultation and has been expanded into an interpretation statement.
Why it matters
The guidance affects how Inland Revenue interprets tax rules for land disposals outside the specific land sale rules.
Feedback can help test whether the interpretation is clear and workable for taxpayers, advisers and property-related transactions.
Who may care
- Tax advisers, lawyers, accountants and property professionals
- People or businesses involved in land transactions that may have a profit-making purpose
How to make a submission
- Read the official consultation material.
- Submit feedback through the official consultation page before the closing date.
Disclaimer
Civics.nz is an independent plain-English guide and is not an official government website. Always check the official source before making a submission.