Section CV 9 — Income Tax Act 2007: Supplementary dividend holding companies

CV 9 Supplementary dividend holding companies When this section applies (1) This section applies to a supplementary dividend holding company that derives a dividend and related supplementary dividend in an income year when, but for section LP 8 (Relationship with exempt income rules), both dividends would be exempt income under section CW 10 (Dividend within New Zealand wholly-owned group). Income (2) The amount calculated under section LP 8(2) is assessable income of the supplementary dividend holding company. Defined in this Act: amount , assessable income , dividend , exempt income , income year , supplementary dividend , supplementary dividend holding company , Compare: 2004 No 35 s LE 3(6), (8)