Section FO 7 — Income Tax Act 2007: Income derived after amalgamation

FO 7 Income derived after amalgamation When this section applies (1) This section applies when an amalgamating company ends its existence on amalgamation, and an amount is derived by the amalgamated company after the amalgamation as a result of something that the amalgamating company did or did not do. Income of amalgamated company (2) The amount is income of the amalgamated company under section CV 4 (Amalgamated companies: amount derived after amalgamation) if it would have been income of the amalgamating company but for the amalgamation. Defined in this Act: amalgamated company , amalgamating company , amalgamation , amount , income , Compare: 2004 No 35 s FE 4(b)