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HM 28: When listed PIE no longer meets requirements
or “What happens when a listed investment fund no longer qualifies as a PIE”
You could also call this:

“How to cancel your status as a Portfolio Investment Entity (PIE)”

You can choose to stop being a Portfolio Investment Entity (PIE) by telling the Inland Revenue Department. To do this, you need to let them know using section 31B of the Tax Administration Act 1994. When you decide to stop being a PIE, section HM 72(3) tells you when this change will start to apply.

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Next up: HM 30: When foreign PIE equivalent no longer meets requirements

or “Rules for when a foreign investment loses its PIE-like status”
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Part H Taxation of certain entities
Portfolio investment entities: Exit rules

HM 29Choosing to cancel status

  1. An entity loses PIE status if it chooses to cancel PIE status by notifying the Commissioner under section 31B of the Tax Administration Act 1994. Section HM 72(3) applies to determine the date the election takes effect.

Notes
  • Section HM 29: inserted, 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).