Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
HL 25: Optional payments of tax by portfolio tax rate entities
or “Portfolio tax rate entities' optional tax payments rule no longer applies”
You could also call this:

“Former rules about income and loss for portfolio investors”

This part of the law used to talk about portfolio investor allocated income and portfolio investor allocated loss. However, it was removed from the Income Tax Act 2007 on 1 April 2010. This means that these rules no longer apply to how certain entities are taxed. If you need to know about these topics, you’ll have to look at newer parts of the tax law.

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 It might be out of date or be missing some parts.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 27: Treatment of portfolio investor allocated loss for zero-rated portfolio investors and investors with portfolio investor exit period

or “This section about handling certain investor losses in portfolio investment entities no longer applies”
Next

Part H Taxation of certain entities
Portfolio investment entities

HL 26Portfolio investor allocated income and portfolio investor allocated loss (Repealed)

    Notes
    • Section HL 26: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).