“Explanation of a now-removed tax term for income kept overseas”
This part of the law used to talk about something called an ‘unrepatriated income balance’. However, it’s no longer in use. The government removed this section from the law on 6 October 2009. This change affected things that happened on or after 30 June 2009. If you need to know what this used to mean, you might need to look at older versions of the law or ask a grown-up who knows about tax laws.
CD 53: Prevention of double taxation of share cancellation dividends, or
“Rules to avoid being taxed twice when a company buys back your shares”
Part C
Income
Income from equity
CD 52Unrepatriated income balance (Repealed)
Notes
Section CD 52: repealed (with effect on 30 June 2009), on , by section 22(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
