Section OC 20 — Income Tax Act 2007: Debit for policyholder base FDP credits

OC 20 Debit for policyholder base FDP credits Debit (1) An FDP company has an FDP debit for the amount of an FDP credit attached to a dividend derived by the company, to the extent to which it is derived by it as a life insurer and apportioned to their policyholder base. Table reference (2) The FDP debit in section (1) is referred to in table O4: FDP debits, row 9 (debit for policyholder base FDP credits). Debit date (3) The debit date is the last day of the tax year. Defined in this Act: FDP company FDP credit , FDP debit , life insurer , policyholder base , tax year Section OC 20: substituted, on 1 July 2010, by section 410(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).