Section CD 14 — Income Tax Act 2007: Notional distributions of emigrating companies

CD 14 Notional distributions of emigrating companies Dividend (1) A notional distribution of an emigrating company under section FL 2 (Treatment of emigrating companies and their shareholders) is a dividend for a shareholder of the company. Amount of dividend (2) The amount of the dividend is determined by a shareholder’s entitlement in the circumstances set out in section FL 2 . Defined in this Act: amount , dividend , emigrating company , shareholder Compare: 2004 No 35 s FCB 2(b)