Timing and quantifying rules - Recognition of accounting treatment
EG 3: Allocation of income, deductions, and tax credits by portfolio tax rate entity
You could also call this:
“This section about how portfolio tax rate entities allocate income, deductions, and tax credits has been removed”
You should know that this section of the law, called ‘Allocation of income, deductions, and tax credits by portfolio tax rate entity’, has been removed. It was taken out of the Income Tax Act 2007 on 1 April 2010. This means it no longer applies to income years from 2010-11 onwards. If you need information about this topic, you might need to look at newer parts of the law or ask someone who knows about current tax rules.
“Deposit schemes to spread income across tax years”
Part E
Timing and quantifying rules
Recognition of accounting treatment
EG 3Allocation of income, deductions, and tax credits by portfolio tax rate entity (Repealed)
Notes
Section EG 3: repealed, on (applying for the 2010–11 and later income years), by section 122(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
