Section FE 39 — Income Tax Act 2007: Direct ownership interests

FE 39 Direct ownership interests A person’s direct ownership interest in a company referred to in section FE 38 is equal to the highest percentage of shares or rights the person holds in the categories listed in section EX 5(1) (Direct control interests), applying the subsection as if the company were a foreign company. Defined in this Act: company , foreign company , share , Compare: 2004 No 35 s FG 2(3) Section FE 39 list of defined terms control : repealed, on 1 April 2010, by section 594 of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).