A land PIE has more than 50% of its value in land or land-owning companies for any of its investment classes.
These types of PIEs have certain requirements:
- losses from the land class can only be offset against income from that same land class
- unused class land loss can only be carried forward to reduce taxable income of the same class in later attribution periods
- the investment must be in land, a resident land investment company or a holding of more than 20% in a non-resident land investment company.
Land PIEs can choose any of the 4 filing options.
Some investment companies hold several PIEs. The retail PIEs offer various combinations of investment for general customers to invest in. The retail PIEs then invest in the company’s wholesale PIE, which makes the actual investment.
Most multi-rate PIEs (MRPs) will register as retail PIEs.
PIE investor proxies
PIE investor proxies (PIPs) are intermediaries through which investors can invest into an MRP.
You can get more information on secondary PIE requirements in our portfolio investment entity guide: