Section LF 5 — Income Tax Act 2007: Credit transfer notices

LF 5 Credit transfer notices When this section applies (1) This section applies when a share supplier is given a credit transfer notice under section 30C of the Tax Administration Act 1994 by a share user under a share-lending arrangement. Amount of reduction (2) The share supplier’s tax credit is limited to the amount of FDP shown in the credit transfer notice. Defined in this Act: amount , credit transfer notice , FDP , share-lending arrangement , share supplier , share user , tax credit , Compare: 2004 No 35 s LD 8(1C)