Taxation of certain entities - Portfolio investment entities
HL 29: Credits received by portfolio tax rate entity or portfolio investor proxy
You could also call this:
“Outdated rules about tax credits for certain investment entities”
This part of the law used to talk about credits that portfolio tax rate entities or portfolio investor proxies could receive. However, it no longer applies. The government removed this section on 1 April 2010. This means that from the 2010-11 tax year onwards, these rules about credits are no longer in effect. If you want to know about current rules for these types of entities, you’ll need to look at other parts of the tax law.
“Former tax rule about portfolio entity formation losses that no longer applies”
Part H
Taxation of certain entities
Portfolio investment entities
HL 29Credits received by portfolio tax rate entity or portfolio investor proxy (Repealed)
Notes
Section HL 29: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).
