Section OP 43 — Income Tax Act 2007: Consolidated ICA breach of imputation ratio

OP 43 Consolidated ICA breach of imputation ratio Debit (1) A consolidated imputation group has an imputation debit for a tax year for the amount of a debit under section OB 43 (ICA breach of imputation ratio) that would arise in the imputation credit account of a group company in the absence of section OP 5(3) . Table references (2) The group’s imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 17 (breach of imputation ratio). The group company’s imputation debit in subsection (1) is referred to in table O2: imputation debits, row 16 (breach of imputation ratio). Debit date (3) The debit date is the last day of the tax year. Defined in this Act: amount , company , consolidated imputation group , imputation credit account , imputation debit , tax year , Compare: 2004 No 35 s ME 12(1)(e), (2)(e)