Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 2: Scheme of subpart

You could also call this:

“This section explains how the law for taxing certain businesses has changed”

This part of the law used to explain how certain types of businesses or groups were taxed. It was part of the Income Tax Act 2007. However, this section is no longer in use. The government removed it on 1 April 2010. This change affects how taxes are calculated from the 2010-11 tax year onwards. If you want to know more about how these entities are taxed now, you might need to look at other parts of the tax law.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517504.

Topics:
Money and consumer rights > Taxes
Previous

HL 1: Intended effect on portfolio tax rate entities and investors, or

“Former rules about portfolio tax rate entities and investors no longer apply”

Next

HL 3: Eligibility requirements for entities, or

“This section about entity eligibility rules was removed in 2010”

Part H Taxation of certain entities
Portfolio investment entities

HL 2Scheme of subpart (Repealed)

    Notes
    • Section HL 2: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).