Section LP 9 — Income Tax Act 2007: Relationship with RWT rules

LP 9 Relationship with RWT rules When this section applies (1) This section applies to a supplementary dividend holding company that derives a dividend and related supplementary dividend in an income year. When rules do not apply (2) The RWT rules do not apply to the dividend or the related supplementary dividend to the extent to which the amount is no more than the amount calculated under section LP 8(2) . The RWT rules do not apply to the imputation credit referred to in that section. Defined in this Act: amount , dividend , imputation credit , income year , RWT rules , supplementary dividend , supplementary dividend holding company , Compare: 2004 No 35 s LE 3(7), (9)