Taxation of certain entities - Portfolio investment entities
HL 30: Portfolio entity formation loss
You could also call this:
“Former tax rule about portfolio entity formation losses that no longer applies”
This section of the law, called ‘Portfolio entity formation loss’, used to be part of the Income Tax Act 2007. However, it no longer exists. The government removed it on 1 April 2010. This change affects how taxes are calculated from the 2010-11 tax year onwards. If you want to know more about why this was done, you might need to look at other parts of the tax law.
HL 31: Portfolio class taxable income and portfolio class taxable loss for tax year, or
“How to calculate taxable income and loss for investment types (no longer applies)”
Part H
Taxation of certain entities
Portfolio investment entities
HL 30Portfolio entity formation loss (Repealed)
Notes
Section HL 30: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).
