Section OC 17 — Income Tax Act 2007: FDPA credit transfer by company

OC 17 FDPA credit transfer by company Debit (1) An FDPA company has an FDP debit for the amount of an FDP credit attached to a dividend paid by the company and shown in a credit transfer notice given by the company. Table reference (2) The FDP debit in subsection (1) is referred to in table O4: FDP debits, row 6 (credit transfer). Debit date (3) The debit date is the day the dividend is paid. Defined in this Act: amount , credit transfer notice , dividend , FDP credit , FDP debit , FDPA company , pay , Compare: 2004 No 35 s MG 5(1)(ab), (2)(ab)