Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
HL 17: Treatment of income from interest when entitlement conditional or lacking
or “Removal of rules for taxing uncertain or missing interest income”
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This section of the law is no longer in effect.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.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: 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)”
Next

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HL 18Certain new investors treated as part of existing portfolio investor class (Repealed)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    • Section HL 18: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).