Taxation (Bright-line Test for Residential Land) Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This Bill introduces amendments to the Income Tax Act 2007 and the Tax Administration Act 1994. The policy of the Bill is to improve compliance with the current land sale rules in the Income Tax Act 2007.