Section OP 74 — Income Tax Act 2007: Consolidated FDPA debit for policyholder base FDP credits

OP 74 Consolidated FDPA debit for policyholder base FDP credits Debit (1) A consolidated FDP group has an FDP debit for the amount of an FDP 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 FDP debit in subsection (1) is referred to in table O22: FDP debits of consolidated FDP groups, row 12 (debit for policyholder base FDP credits). Debit date (3) The debit date is the last day of the tax year. Defined in this Act: consolidated FDP group , FDP credit , FDP debit , life insurer , policyholder base , tax year Section OP 74: substituted, on 1 July 2010, by section 467(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).