Taxation of certain entities - Portfolio investment entities - Prescribed and notified rates for investors in multi-rate PIEs
HM 59: Prescribed investor rates for certain investors: 0%
You could also call this:
“This rule about 0% tax rates for some investors no longer applies”
This part of the law, called ‘Prescribed investor rates for certain investors: 0%’, is no longer in use. It was part of the rules about rates for investors in multi-rate PIEs (a type of investment) in the Income Tax Act 2007. The government removed this section on 1 April 2010, so it doesn’t apply anymore. This means that the 0% rate for certain investors that was once described here is no longer available.
Part H
Taxation of certain entities
Portfolio investment entities:
Prescribed and notified rates for investors in multi-rate PIEs
HM 59Prescribed investor rates for certain investors: 0% (Repealed)
Notes
Section HM 59: repealed, on (applying for the 2010–11 and later income years), by section 49(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).
