Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities

HL 5C: Income interest requirement

You could also call this:

“This rule about income interest is no longer part of the tax law”

This part of the law has been removed. It used to be about an ‘Income interest requirement’ for taxing certain groups, but it doesn’t apply anymore. The government took it out of the rules on 1 April 2010. This means it’s not part of the current tax laws that you need to follow.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1692189.

Topics:
Money and consumer rights > Taxes
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“This section, which defined investors and portfolio investor classes, is no longer active”

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HL 6: Investor membership requirement, or

“This rule about investor membership no longer applies”

Part H Taxation of certain entities
Portfolio investment entities

HL 5CIncome interest requirement (Repealed)

    Notes
    • Section HL 5C: repealed, on (applying for the 2010–11 and later income years), by section 292(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act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).