Section OB 50 — Income Tax Act 2007: ICA returning share transfer

OB 50 ICA returning share transfer Debit (1) An ICA company has an imputation debit for the amount of an imputation credit attached to a dividend paid to the company as a share user in a returning share transfer that is not a share-lending arrangement. Table reference (2) The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 23 (returning share transfer). Debit date (3) The debit date is the day the dividend is paid. Defined in this Act: amount , dividend , ICA company , imputation credit , imputation debit , pay , returning share transfer , share-lending arrangement , share user , Compare: 2004 No 35 s ME 5(1)(ac), (2)(ac)