Section CB 32B — Income Tax Act 2007: Owners of look-through companies

CB 32B Owners of look-through companies A person who has an effective look-through interest for a look-through company has an amount of income to the extent to which an amount of income results from the application of subpart HB (Look-through companies) to them and the look-through company. Defined in this Act: amount , effective look-through interest , income , look-through company Section CB 32B: inserted, on 1 April 2011 (applying for income years beginning on or after 1 April 2011), by section 26(1) of the Taxation (GST and Remedial Matters) Act 2010 (2010 No 130).