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HL 18: Certain new investors treated as part of existing portfolio investor class
or “New investors may have been included in existing investment groups before 2010”
You could also call this:

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

This part of the law used to talk about how to figure out the net income and net loss for different types of investments in a portfolio during a specific time period. However, this rule doesn’t exist anymore. It was removed from the law on 1 April 2010. This means that since then, you don’t need to worry about this particular rule when thinking about taxes for certain types of investments.

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Next up: HL 19B: Treatment of certain provisions made by portfolio tax rate entity

or “Portfolio tax rate entities: outdated rules for handling provisions”
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Part H Taxation of certain entities
Portfolio investment entities

HL 19Portfolio class net income and portfolio class net loss for portfolio allocation period (Repealed)

    Notes
    • Section HL 19: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).