Section OP 44 — Income Tax Act 2007: Consolidated ICA debit for policyholder base imputation credits

OP 44 Consolidated ICA debit for policyholder base imputation credits Debit (1) A consolidated imputation group has an imputation debit for the amount of an imputation credit attached to a dividend derived by a group company, to the extent to which it is derived by a group company that is a life insurer and apportioned to that life insurer's policyholder base. Table reference (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 18 (debit for policyholder base imputation credits). Debit date (3) The debit date is the last day of the tax year. Defined in this Act: consolidated imputation group , imputation credit , imputation debit , life insurer , policyholder base , tax year Section OP 44: substituted, on 1 July 2010, by section 458(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).