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Income Tax Act 2007

Taxation of certain entities - Portfolio investment entities - Elections and consequences

HM 71: Choosing to become PIE

You could also call this:

"How to choose to become a PIE and follow the tax rules"

If you want to become a PIE, you must meet certain rules at the time you make this choice. These rules are in sections HM 8 to HM 10B, HM 17, HM 18, and HM 20, except for any rules that do not apply to you. You can choose to become a PIE by telling the Commissioner, using the process in section 31B of the Tax Administration Act 1994.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2888874.

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"Limit on startup losses that investment funds can assign to different investor groups"

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HM 71B: Choosing to become foreign investment PIE, or

"How a multi-rate PIE can choose to become a foreign investment PIE for overseas investors"

Part HTaxation of certain entities
Portfolio investment entities: Elections and consequences

HM 71Choosing to become PIE

  1. An entity that, at the time of election, meets the requirements of the entry rules in sections HM 8 to HM 10B, HM 17, HM 18, and HM 20, except to the extent to which the relevant requirement is said not to be applicable to the entity, may choose to become a PIE by notifying the Commissioner under section 31B of the Tax Administration Act 1994.

Compare
  • s HL 11(1), (3)
Notes
  • Section HM 71: 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).
  • Section HM 71: amended, on , by section 88 of the Taxation (Annual Rates for 2024–25, Emergency Response, and Remedial Measures) Act 2025 (2025 No 9).