Section OP 69 — Income Tax Act 2007: Consolidated FDPA transfer to imputation credit account

OP 69 Consolidated FDPA transfer to imputation credit account Debit (1) A consolidated FDP group has an FDP debit for a tax year for an amount equal to a closing credit balance transferred under section FM 29 (Treatment of credit balance in consolidated group’s FDP account) to the group’s imputation credit account. Table reference (2) The FDP debit in subsection (1) is referred to in table O22: FDP debits of consolidated FDP groups, row 7 (transfer to imputation credit account). Debit date (3) The debit date is the last day of the tax year. Defined in this Act: amount , consolidated FDP group , FDP debit , imputation credit account , tax year , Compare: 2004 No 35 s MG 15(1)(c), (2)(c)