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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)”
You could also call this:

“This rule about handling certain tax losses was removed in 2010”

This section of the law has been removed. It is no longer part of the current rules. The government decided to take it out on 1 April 2010. This change affects how taxes are calculated from the 2010-11 tax year onwards. The old rule used to talk about how to handle certain types of losses for tax purposes, but it doesn’t apply anymore.

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Next up: HL 33: Portfolio investor proxies

or “This provision about investment representatives is no longer in effect”
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Part H Taxation of certain entities
Portfolio investment entities

HL 32Treatment of portfolio class taxable loss and portfolio class land loss for tax year (Repealed)

    Notes
    • Section HL 32: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).