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Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 18: Certain new investors treated as part of existing portfolio investor class

You could also call this:

“New investors may have been included in existing investment groups before 2010”

This section of the law is no longer in effect. It was about how certain new investors were treated as part of an existing portfolio investor class. The government removed this rule on 1 April 2010. This means it doesn’t apply to tax years from 2010-11 onwards. If you want to know more about how this affects you, you might need to look at other parts of the tax law that are still in use.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517544.

Topics:
Money and consumer rights > Taxes
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HL 17: Treatment of income from interest when entitlement conditional or lacking, or

“Removal of rules for taxing uncertain or missing interest income”

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HL 19: Portfolio class net income and portfolio class net loss for portfolio allocation period, or

“Calculating investment profits and losses for tax purposes (no longer applies)”

Part H Taxation of certain entities
Portfolio investment entities

HL 18Certain new investors treated as part of existing portfolio investor class (Repealed)

    Notes
    • Section HL 18: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).