Section CX 60 — Income Tax Act 2007: Intra-group transactions

CX 60 Intra-group transactions When this section applies (1) This section applies for the purposes of section FM 8 (Transactions between group companies: income) when a company that is part of a consolidated group derives an amount from a transaction or arrangement with another company that is part of the same group and the amount would not be income if the group were 1 company. Excluded income (2) The amount is excluded income of the company. Defined in this Act: amount , company , consolidated group , excluded income , income Compare: 2004 No 35 s HB 2(1)(a)