Section OP 13 — Income Tax Act 2007: Consolidated ICA dividend derived with FDP credit

OP 13 Consolidated ICA dividend derived with FDP credit Credit (1) A consolidated imputation group has an imputation credit for the amount of an FDP credit attached to a dividend derived by a group company that— (a) is part of a consolidated group without an FDP account; or (b) does not have an FDP account and is not part of a consolidated group. Table reference (2) The imputation credit in subsection (1) is referred to in table O19: imputation credits of consolidated imputation groups, row 8 (dividend derived with FDP credit). Credit date (3) The credit date is the day the dividend is paid. Defined in this Act: amount , company , consolidated group , consolidated imputation group , dividend , FDP account , FDP credit , imputation credit , pay , Compare: 2004 No 35 s ME 11(1)(e), (2)(c)