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Inland Revenue

Tax Policy

PUBLISHED 17 May 2004

Submissions on unit trust changes

Parliament's Finance and Expenditure Committee has set a 4 June deadline for submissions on legislation proposed in Supplementary Order Paper 210, tabled on 12 May. The proposed legislation closes a loophole in the dividend tax rules that allows investments in certain unit trusts to be tax-free. The Supplementary Order Paper is available here and from Bennett's Government Bookshops. For information on making a submission, see 'Have your say: Supplementary Order Paper 210' [link no longer available].