Section LP 1 — Income Tax Act 2007: What this subpart does

LP 1 What this subpart does Supplementary dividends (1) This subpart provides the rules for the treatment of a tax credit for a supplementary dividend. The amount of the credit is determined by reference to an imputation credit attached to a dividend paid by a company to a non-resident. For a credit to arise under this subpart, the company must pay a supplementary dividend, and the amount of the credit is equal to the amount of the supplementary dividend. Supplementary dividend holding companies [Repealed] (2) [Repealed] Defined in this Act: amount , company , dividend , imputation credit , non-resident , pay , supplementary dividend , supplementary dividend holding company , tax credit Compare: 2004 No 35 s LE 1 Section LP 1(2) heading: repealed, on 1 April 2011, pursuant to section 77 of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63). Section LP 1(2): repealed, on 1 April 2011, by section 77 of the Taxation (Consequential Rate Alignment and Remedial Matters) Act 2009 (2009 No 63).