Section LP 7 — Income Tax Act 2007: Requirements for supplementary dividend holding companies

LP 7 Requirements for supplementary dividend holding companies When this section and sections LP 8 and LP 9 apply (1) This section, and sections LP 8 and LP 9 , apply for an income year when a company— (a) is a supplementary dividend holding company when it derives a dividend and a related supplementary dividend; and (b) is not part of the same consolidated group as the company paying the dividends, as described in section LP 2(1)(b) . When requirements no longer met (2) The company must notify each company from which it may derive a supplementary dividend if it no longer meets the requirements set out in the definition of supplementary dividend holding company . Defined in this Act: company , consolidated group , dividend , income year , notify , pay , supplementary dividend , supplementary dividend holding company , Compare: 2004 No 35 s LE 3(1), (3), (11)