Section OB 7B — Income Tax Act 2007: ICA payment of qualifying company election tax

OB 7B ICA payment of qualifying company election tax Credit (1) An ICA company has an imputation credit for an amount of qualifying company election tax paid under section HA 40 (Liability for qualifying company election tax). Table reference (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 5B (payment of qualifying company election tax). Credit date (3) The credit date is the day the qualifying company election tax is paid. Defined in this Act: amount , ICA company , imputation credit , pay , qualifying company election tax Compare: 2004 No 35 s ME 4(1)(ae), (2)(ae) Section OB 7B: inserted, on 1 April 2008, by section 495 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).