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New Zealand law explained for everyone

Income Tax Act 2007

Income - Income from portfolio investment entities

CP 1: Attributed income of investors in multi-rate PIEs

You could also call this:

“How income from special investment funds is counted for tax”

When you invest in a special type of fund called a multi-rate PIE, the fund calculates how much money you’ve earned during their financial year. This calculation is done using specific rules set out in other parts of the law.

The amount of money the fund says you’ve earned becomes part of your income. You need to include this amount as your income in the tax year that ends at the same time as the fund’s financial year ends.

This rule applies to anyone who invests in these types of funds, and it’s a way to make sure you pay the right amount of tax on the money you earn from your investment.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1512872.

Topics:
Money and consumer rights > Taxes
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Part C Income
Income from portfolio investment entities

CP 1Attributed income of investors in multi-rate PIEs

  1. This section applies when a multi-rate PIE attributes an amount of income for an income year calculated under sections HM 35, HM 35C, and HM 36 (which relate to the attribution of amounts to investors) to a person who is an investor in the PIE.

  2. The amount is income of the person in the income year of the person in which the PIE’s income year ends.

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Notes
  • Section CP 1: substituted, on (applying for the 2010–11 and later income years), by section 28(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
  • Section CP 1(1): amended, on , by section 6 of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).