Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
HM 58: Transition of rate for certain investors
or “Changes to tax rates for certain investment fund holders from October 2010”
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.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: HM 60: Notified investor rates

or “How to tell a PIE your tax rate for investments”
Next

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HM 59Prescribed investor rates for certain investors: 0% (Repealed)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    • Section HM 59: repealed, on (applying for the 2010–11 and later income years), by section 49(1) of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No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).