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Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 28: Treatment of portfolio investor allocated loss for other investors

You could also call this:

“This outdated rule about investor losses no longer applies”

This section of the law is no longer in effect. It was about how to handle losses for certain types of investors, but it was removed from the law on 1 April 2010. This means that since that date, this particular rule doesn’t apply anymore. If you need to know about current rules for investors and their losses, you should look at other parts of the tax law that are still active.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1517600.

Topics:
Money and consumer rights > Taxes
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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”

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HL 29: Credits received by portfolio tax rate entity or portfolio investor proxy, or

“Outdated rules about tax credits for certain investment entities”

Part H Taxation of certain entities
Portfolio investment entities

HL 28Treatment of portfolio investor allocated loss for other investors (Repealed)

    Notes
    • Section HL 28: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).