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HL 7: Investor return adjustment requirement: portfolio tax rate entity
or “This rule about adjusting investor returns for certain companies no longer applies”
You could also call this:

“Removed rule about sharing tax credits for certain listed companies”

This part of the law has been removed. It used to talk about how a portfolio listed company had to share imputation credits. The rule was part of the Income Tax Act 2007 and was about taxing certain types of businesses. The government took this rule out of the law on 1 April 2010. This change affects how taxes are calculated from the 2010-2011 tax year onwards.

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Next up: HL 9: Investor interest size requirement

or “Rules about minimum investment size were removed in 2010”
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Part H Taxation of certain entities
Portfolio investment entities

HL 8Imputation credit distribution requirement: portfolio listed company (Repealed)

    Notes
    • Section HL 8: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).