Skip to main content

COVID-19 Alert Level 1 If you've been affected by COVID-19, we may be able to help. Find out more

Partnerships can hold investments in portfolio investment entities (PIEs). Each partner of the investment has tax obligations in relation to their share of the income.

If a partnership invests with a multi-rate PIE, the investment should be split so that each partner can provide the multi-rate PIE with their own IRD number and prescribed investor rate.

If partners do not provide IRD numbers and prescribed investor rates, the multi-rate PIE will deduct tax at the default rate of 28%.

Investors have 1 month to provide this information after a multi-rate PIE asks them to.

Partnership prescribed investor rates

Limited partnerships are not treated as separate entities under the PIE rules.

The following prescribed investor rates apply to partnerships:

Investor Prescribed investor rate
Zero-rated companies 0%
Individuals 10.5%, 17.5%, 28%
Partners who are trustees 0%, 10.5%, 17.5%, 28%