Section CW 14 — Income Tax Act 2007: Dividends derived by qualifying companies

CW 14 Dividends derived by qualifying companies Section CW 10 does not apply to treat as exempt income a dividend derived by a company that has been a qualifying company at some time before the date on which it derives the dividend, except to the extent to which the dividend is a dividend to which section CW 9 applies. Defined in this Act: company , dividend , exempt income , qualifying company , Compare: 2004 No 35 s HG 10(a) Section CW 14: amended (with effect on 1 July 2011 and applying for income years beginning on or after that date), on 7 May 2012, by section 11(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).