Section OB 54 — Income Tax Act 2007: ICA tax advantage arrangement

OB 54 ICA tax advantage arrangement Debit (1) An ICA company has an imputation debit for the amount of a debit for a tax advantage arrangement determined under section GB 36 (Reconstruction of imputation arrangements to obtain tax advantage). Table reference (2) The imputation debit in subsection (1) is referred to in table O2: imputation debits, row 27 (tax advantage arrangement). Debit date (3) The debit date is the last day of the tax year in which the debit for the tax advantage arrangement is determined. Defined in this Act: amount , arrangement , ICA company , imputation debit , tax advantage , tax year , Compare: 2004 No 35 s ME 5(1)(j), (2)(i)