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Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities - Attributing income to investors

HM 40: Deductions for attributed PIE losses for zero-rated and exiting investors equal to amount attributed

You could also call this:

“Zero-rated or exiting PIE investors can deduct attributed losses”

If you’re an investor in a PIE (Portfolio Investment Entity) and you experience losses, you can get a deduction. This deduction is for investors who are either zero-rated or exiting the PIE. The amount you can deduct is the same as the amount of loss attributed to you for the income year or the period when you exit the PIE. This rule is linked to section DB 53(1), which provides more details about the deduction.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2888796.

Topics:
Money and consumer rights > Taxes
Money and consumer rights > Savings and retirement
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Part H Taxation of certain entities
Portfolio investment entities: Attributing income to investors

HM 40Deductions for attributed PIE losses for zero-rated and exiting investors equal to amount attributed

  1. The deduction an investor referred to in section DB 53(1) is allowed is equal to the amount attributed for the income year or exit period.

Notes
  • Section HM 40: replaced (with effect on 1 April 2020), on , by section 81 of the Taxation (Annual Rates for 2022–23, Platform Economy, and Remedial Matters) Act 2023 (2023 No 5).