Taxation of certain entities - Portfolio investment entities
HL 24: Payments of tax by portfolio tax rate entity choosing to make payments when investor leaves
You could also call this:
“Rule for tax payments when investors leave certain groups was removed in 2010”
This section of the law, called ‘Payments of tax by portfolio tax rate entity choosing to make payments when investor leaves’, used to be part of the rules about how certain groups are taxed in the Income Tax Act 2007. However, this rule no longer exists. It was removed on 1 April 2010, which means it doesn’t apply anymore for the tax years starting from 2010-11 onwards. If you need to know about current rules for portfolio tax rate entities, you should look at other parts of the Income Tax Act 2007 that are still in effect.
Part H
Taxation of certain entities
Portfolio investment entities
HL 24Payments of tax by portfolio tax rate entity choosing to make payments when investor leaves (Repealed)
Notes
Section HL 24: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).
