Section OP 34 — Income Tax Act 2007: Consolidated ICA refund of FDP

OP 34 Consolidated ICA refund of FDP Debit (1) A consolidated imputation group has an imputation debit for the amount of a refund of FDP that relates to a dividend derived by a group company at a time when— (a) the group company is part of a consolidated group without an FDP account; or (b) the group company does not have an FDP account and is not part of a consolidated group. Table reference (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 8 (refund of FDP). Debit date (3) The debit date is the day the refund is made. Defined in this Act: amount , company , consolidated group , consolidated imputation group , dividend , FDP , FDP account , imputation debit , Compare: 2004 No 35 s ME 12(1)(f), (2)(d)