Statute
Section FO 6 — Income Tax Act 2007: Cancellation of shares
Text of the provision Official document
FO 6 Cancellation of shares If an amalgamating company ( company A ) holds shares in another amalgamating company ( company B ), and the shares are cancelled on the amalgamation, company A is treated as having disposed of the shares in company B immediately before the amalgamation for an amount equal to the cost of the shares to company A. Defined in this Act: amalgamating company , amalgamation , cancellation , share , Compare: 2004 No 35 s FE 2
Official source: legislation.govt.nz
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