Taxation of certain entities - Portfolio investment entities
HL 16: Portfolio allocation period and portfolio calculation period
You could also call this:
“Removed tax periods for certain investments”
This part of the law used to talk about something called a ‘portfolio allocation period’ and a ‘portfolio calculation period’. These were terms used for figuring out taxes for certain types of businesses or investments. However, this section no longer applies. It was removed from the law on 1 April 2010. This means that since then, these specific periods are not used anymore for tax purposes in the way they were before.
HL 17: Treatment of income from interest when entitlement conditional or lacking, or
“Removal of rules for taxing uncertain or missing interest income”
Part H
Taxation of certain entities
Portfolio investment entities
HL 16Portfolio allocation period and portfolio calculation period (Repealed)
Notes
Section HL 16: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).
