Section OP 46 — Income Tax Act 2007: Consolidated ICA tax advantage arrangement

OP 46 Consolidated ICA tax advantage arrangement Debit (1) A consolidated imputation group has an imputation debit for the amount of a debit for a tax advantage arrangement determined under sections GB 35 and GB 36 (which relate to imputation arrangements to obtain a tax advantage). Table reference (2) The imputation debit in subsection (1) is referred to in table O20: imputation debits of consolidated imputation groups, row 20 (tax advantage arrangement). Debit date (3) The debit date is the last day of the tax year in which the arrangement began. Defined in this Act: amount , arrangement , consolidated imputation group , imputation debit , tax advantage , tax year , Compare: 2004 No 35 s ME 12(1)(i), (2)(h)