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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 be a PIE for tax purposes"

Illustration for Income Tax Act 2007

You can choose to become a PIE if you meet the requirements. These requirements are in sections HM 8 to HM 10, HM 17, HM 18, and HM 20, except when they do not apply to you. You notify the Commissioner under section 31B of the Tax Administration Act 1994 to become a PIE.

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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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Topics:
Money and consumer rights > Taxes
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HM 70: Maximum amount of formation losses allocated by multi-rate PIEs to investor classes, or

"How much loss multi-rate investment companies can give to their investors"

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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 10, 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).