Section OC 21 — Income Tax Act 2007: FDPA transfer to group account

OC 21 FDPA transfer to group account Debit (1) An FDPA company has an FDP debit for an amount equal to the amount of an FDP credit under section OP 59 (Consolidated FDPA group company’s credit) for the transfer of a credit to the FDP account of the consolidated group of which the company is part. Table references (2) The FDP debit in subsection (1) is referred to in table O4: FDP debits, row 10 (transfer to group account). The FDP credit in subsection (1) is referred to in table O21: FDP credits of consolidated FDP groups, row 5 (group company’s credit). Debit date (3) The debit date is the same as the credit date recorded in the consolidated group’s FDP account. Defined in this Act: amount , consolidated group , FDP account , FDP credit , FDP debit , FDPA company , Compare: 2004 No 35 s MG 16(3)