Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 11: Election to become portfolio investment entity and cancellation of election

You could also call this:

“Choosing to be (or stop being) a special type of investment company”

This part of the law talked about how to choose to become a portfolio investment entity and how to cancel that choice. However, this section is no longer active. It was removed from the law on 1 April 2010. This change affects the 2010-11 tax year and all the years after that. If you need to know about this topic now, you should look at the newer parts of the law that replaced this section.

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 It might be out of date or be missing some parts.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=DLM1517525.

Topics:
Money and consumer rights > Taxes
Previous

HL 10: Further eligibility requirements relating to investments, or

“Extra investment rules no longer apply since 2010”

Next

HL 12: Unlisted company choosing to become portfolio listed company, or

“Removed rule for unlisted companies becoming portfolio listed companies”

Part H Taxation of certain entities
Portfolio investment entities

HL 11Election to become portfolio investment entity and cancellation of election (Repealed)

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    • Section HL 11: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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