Section LA 7 — Income Tax Act 2007: Remaining refundable credits: tax credits under social policy schemes

LA 7 Remaining refundable credits: tax credits under social policy schemes What this section applies to (1) This section applies to a person's tax credit remaining for a tax year under section LA 5(5) , if it is a tax credit under— (a) section LB 4 (Tax credits for families): (b) section LD 1(5) (Tax credits for charitable and other public benefit gifts). Use of credits (2) The Commissioner must treat the person’s tax credit as transferable under Part 10B of the Tax Administration Act 1994 or refundable under sections RB 4 , RM 2 to RM 8 , and RM 10 (which relate to refunds and their use), as applicable. Defined in this Act: Commissioner , tax credit , tax year , Compare: 2004 No 35 ss BC 8(1) , KD 4(2) , MD 1 Section LA 7 heading: substituted (with effect on 1 April 2008), on 6 October 2009, by section 309(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section LA 7(1) heading: substituted (with effect on 1 April 2008), on 6 October 2009, by section 309(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section LA 7(1): substituted (with effect on 1 April 2008), on 6 October 2009, by section 309(3) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section LA 7 list of defined terms family scheme income : repealed (with effect on 1 April 2008), on 29 August 2011 (applying for the 2008–09 and later income years), by section 140(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).