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Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 20: Portfolio class taxable income and portfolio class taxable loss for portfolio allocation period

You could also call this:

“Calculating investment income and loss for different portfolio types (no longer applicable)”

You should know that this section of the law has been removed. It was about how to calculate the income and loss for different types of investments in a portfolio for a certain time period. This part of the law was taken out on 1 April 2010. It no longer applies to tax years from 2010-11 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=DLM1517554.

Topics:
Money and consumer rights > Taxes
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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“Portfolio tax rate entities: outdated rules for handling provisions”

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HL 21: Portfolio entity tax liability and tax credits of portfolio tax rate entity for period, or

“This provision, which detailed tax obligations for portfolio tax rate entities, is no longer in effect”

Part H Taxation of certain entities
Portfolio investment entities

HL 20Portfolio class taxable income and portfolio class taxable loss for portfolio allocation period (Repealed)

    Notes
    • Section HL 20: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).