Section CD 35 — Income Tax Act 2007: Resident’s restricted amalgamations

CD 35 Resident’s restricted amalgamations An amount derived by an amalgamated company on a resident’s restricted amalgamation from an amalgamating company that ends its existence on the amalgamation is not a dividend if it arises from— (a) the amalgamated company acquiring property of the amalgamating company; or (b) the amalgamated company being relieved of an obligation owed to the amalgamating company. Defined in this Act: amalgamated company , amalgamating company , amalgamation , amount , dividend , resident’s restricted amalgamation Compare: 2004 No 35 s CD 25