Taxation of certain entities - Portfolio investment entities
HL 21: Portfolio entity tax liability and tax credits of portfolio tax rate entity for period
You could also call this:
“This provision, which detailed tax obligations for portfolio tax rate entities, is no longer in effect”
This section of the law has been removed and is no longer in effect. It used to talk about how much tax a special kind of company called a portfolio tax rate entity had to pay, and what tax credits they could get. The law was changed on 1 April 2010, so this part doesn’t apply anymore. If you want to know about how these companies are taxed now, you’ll need to look at newer parts of the law.
HL 22: Payments of tax by portfolio tax rate entity making no election, or
“Old rules for tax payments by certain investment entities no longer apply”
Part H
Taxation of certain entities
Portfolio investment entities
HL 21Portfolio entity tax liability and tax credits of portfolio tax rate entity for period (Repealed)
Notes
Section HL 21: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).
Section HL 21: amended (with effect on 1 April 2008), on (applying for the 2008–09 and later income years), by section 86(1) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
Section HL 21: amended (with effect on 1 April 2008), on , by section 86(2) of the Taxation (Annual Rates, Returns Filing, and Remedial Matters) Act 2012 (2012 No 88).
