Income Tax Act 2007

Sections and provisions with full text and the judgments that cite each one.

Section OP 75 — Consolidated FDPA breach of FDP ratio by PCA company

OP 75 Consolidated FDPA breach of FDP ratio by PCA company Debit (1) A consolidated FDP group has an FDP debit for a tax year for the amount of a debit that would arise under section OC 23 (FDPA…

Section EH 76 — Income when refund given on liquidation

EH 76 Income when refund given on liquidation A refund under section EH 75 is income, under section CB 27 (Income equalisation schemes), derived by the person immediately before the liquidation…

Section HM 76 — Transition: FDPA companies

HM 76 Transition: FDPA companies When an FDPA company becomes a PIE during a tax year, the balance of the company’s FDP account at the end of the tax year for the purposes of section RM 21(2)(c)…

Section OB 76 — Statutory producer boards attaching FDP credits

OB 76 Statutory producer boards attaching FDP credits FDP credits attached (1) A statutory producer board that is an FDPA company may choose, for an income year, to attach an FDP credit to a cash…

Section OP 76 — Consolidated FDPA tax advantage arrangement

OP 76 Consolidated FDPA tax advantage arrangement Debit (1) A consolidated FDP group has an FDP debit for the amount of a debit for a tax advantage arrangement determined under sections GB 35 and GB…

Section EH 77 — Sections of main income equalisation scheme that apply to thinning operations income equalisation scheme

EH 77 Sections of main income equalisation scheme that apply to thinning operations income equalisation scheme Sections EH 28 to EH 33 apply, with the necessary amendments, to the thinning operations…

Section OB 77 — When and how statutory producer board makes election

OB 77 When and how statutory producer board makes election Timing of election (1) A statutory producer board may make an election under section OB 73 , OB 74 , or OB 76 in relation to a distribution…

Section OP 77 — Consolidated FDPA final balance

OP 77 Consolidated FDPA final balance Debit (1) A consolidated FDP group has an FDP debit for a credit balance in the FDP account when the group stops being a consolidated FDP group. Table reference…

Section EH 78 — Meaning of thinning operations maximum deposit

EH 78 Meaning of thinning operations maximum deposit Meaning (1) Thinning operations maximum deposit means the maximum deposit that this section says a person may make to their thinning operations…

Section OB 78 — Co-operative companies attaching imputation credits to cash distributions

OB 78 Co-operative companies attaching imputation credits to cash distributions Election (1) On meeting the requirements of subsection (2), a co-operative company that is an ICA company may choose,…

Income Tax Act 2007

Section OP 75 — Consolidated FDPA breach of FDP ratio by PCA company

Section EH 76 — Income when refund given on liquidation

Section HM 76 — Transition: FDPA companies

Section OB 76 — Statutory producer boards attaching FDP credits

Section OP 76 — Consolidated FDPA tax advantage arrangement

Section EH 77 — Sections of main income equalisation scheme that apply to thinning operations income equalisation scheme

Section OB 77 — When and how statutory producer board makes election

Section OP 77 — Consolidated FDPA final balance

Section EH 78 — Meaning of thinning operations maximum deposit

Section OB 78 — Co-operative companies attaching imputation credits to cash distributions

Section OP 78 — CTR accounts of consolidated groups

Section EH 79 — Other definitions

Section OB 79 — Co-operative companies attaching imputation credits to notional distributions

Section OP 79 — When credits and debits arise only in CTR group accounts

Section OB 80 — Co-operative companies’ notional distributions that are dividends

Section OP 80 — Provisions applying to consolidated groups with CTR accounts

Section OB 81 — Co-operative companies attaching FDP credits

Section OP 81 — Consolidated CTRA tax credit for conduit tax relief

Section OB 82 — When and how co-operative company makes election

Section OP 82 — Consolidated CTRA reduction of FDP

Section OP 83 — Consolidated CTRA dividend derived with CTR credit

Section OP 84 — Consolidated CTRA group company’s credit

Section OP 85 — Consolidated CTRA transfer from group’s FDP account

Section OP 86 — Consolidated CTRA reversal of tax advantage arrangement

Section OP 87 — Consolidated CTRA payment of dividend

Section OP 88 — Consolidated CTRA transfer to group’s FDP account

Section OP 89 — Consolidated CTRA adjustment for conduit tax relief

Section OP 90 — Consolidated CTRA group company’s debit

Section OP 91 — Consolidated CTRA increase in resident shareholding

Section OP 92 — Consolidated CTRA breach of CTR ratio

Section OP 93 — Consolidated CTRA tax advantage arrangement

Section OP 94 — Consolidated CTRA final balance

Section OP 95 — FDP payable for credits and debits in group’s CTR account

Section OP 96 — Refund on transfer from group’s FDP account

Section OP 97 — Branch equivalent tax accounts of consolidated BETA groups

Section OP 98 — Choosing to stop being consolidated BETA group

Section OP 99 — When credits and debits arise only in branch equivalent tax group accounts

Section OP 100 — Consolidated BETA payment of income tax on foreign income

Section OP 101 — Consolidated BETA payment of income tax

Section OP 102 — Consolidated BETA remaining debit balances

Section OP 103 — Consolidated BETA refund of FDP

Section OP 104 — Consolidated BETA credit for loss of shareholder continuity

Section OP 104B — Consolidated BETA group with debit balance, including debits from conduit relief, in certain income years

Section OP 105 — Consolidated BETA payment of FDP

Section OP 106 — Consolidated BETA reduction of FDP

Section OP 107 — Consolidated BETA refund of income tax

Section OP 108 — Consolidated BETA debit for loss of shareholder continuity

Section OP 108B — Consolidated BETA group with credit balance at beginning of first affected income year

Section OP 109 — Policyholder credit accounts of consolidated groups

Section OP 110 — Consolidated PCA transfer from imputation credit account