Taxation of certain entities - Portfolio investment entities
HL 5B: Meaning of investor and portfolio investor class
You could also call this:
“This section, which defined investors and portfolio investor classes, is no longer active”
You might have wanted to know what an investor and portfolio investor class mean in the Income Tax Act 2007. However, this part of the law is no longer active. It was removed on 1 April 2010. This means it doesn’t apply to tax years from 2010-11 onwards. If you need to understand these terms for current tax matters, you should look at other parts of the tax law that are still in use.
“This rule about income interest is no longer part of the tax law”
Part H
Taxation of certain entities
Portfolio investment entities
HL 5BMeaning of investor and portfolio investor class (Repealed)
Notes
Section HL 5B: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).
