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Inland Revenue

Tax Policy

Legislative coherence

Issue: Land Transfer Act 1952 and income tax rules



The Land Transfer Act 1952 should not include or attempt to replicate proposed income tax rules, whether wholly or in part.


The intention of the tax information collection requirements are to provide better information for tax compliance purposes. Accordingly, a balance needs to be struck between requiring information which is useful for tax enforcement purposes and keeping the rules as simple as possible for transferors and transferees of land.


That the submission be declined.