Plain language law

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Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 12: Unlisted company choosing to become portfolio listed company

You could also call this:

“Removed rule for unlisted companies becoming portfolio listed companies”

This part of the law used to talk about how a company that wasn’t listed on the stock market could choose to become a portfolio listed company. However, this rule doesn’t exist anymore. It was removed from the law on 1 April 2010. This means that since then, companies can’t use this option. The change affects how certain companies are taxed from the 2010-11 tax year onwards.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517527.

Topics:
Money and consumer rights > Taxes
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HL 11: Election to become portfolio investment entity and cancellation of election, or

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

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HL 13: Becoming portfolio investment entity, or

“How to become a portfolio investment entity (no longer applicable)”

Part H Taxation of certain entities
Portfolio investment entities

HL 12Unlisted company choosing to become portfolio listed company (Repealed)

    Notes
    • Section HL 12: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).