Section OB 51 — Income Tax Act 2007: ICA credit transfer by company

OB 51 ICA credit transfer by company Debit (1) An ICA company has an imputation debit for the amount of an imputation credit attached to a dividend that is paid to the company and shown in a credit transfer notice given by the company. Table reference (2) The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 24 (credit transfer notice). Debit date (3) The debit date is the day the dividend is paid. Defined in this Act: amount , credit transfer notice , dividend , ICA company , imputation credit , imputation debit , pay , Compare: 2004 No 35 s ME 5(1)(ad), (2)(ac)