Section OP 10 — Income Tax Act 2007: Consolidated ICA allocation from company with overpaid provisional tax

OP 10 Consolidated ICA allocation from company with overpaid provisional tax Credit (1) A consolidated imputation group has an imputation credit for an amount allocated under section RC 32 (Wholly-owned groups of companies) by a company that has overpaid its provisional tax. Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 5 (allocation from excess company). Credit date (3) The credit date is the day the Commissioner is notified of the allocation. Defined in this Act: amount , Commissioner , company , consolidated imputation group , imputation credit , notify , Compare: 2004 No 35 s ME 11(1)(b), (2)(b)