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DX 3: Tax credits: supplementary dividend holding companies
or “Rules about tax credits for certain companies were removed in 2012”
You could also call this:

“Tax deductions for commercial bills purchased before 31 July 1986”

If you buy a commercial bill from someone else before 31 July 1986, you can get a tax deduction. This doesn’t apply if you got the bill through a relationship agreement. You can only get this deduction if you make money from the bill when you sell it or cash it in, as described in section CZ 6.

The amount you can deduct is how much the commercial bill was worth when you bought it.

This rule adds to the general permission for tax deductions, but you still need to follow the general limitations.

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Next up: DZ 2: Life insurers acquiring property before 1 April 1988

or “Tax rules for life insurers selling property bought before April 1988”
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Part D Deductions
Terminating provisions

DZ 1Commercial bills before 31 July 1986

  1. A person is allowed a deduction if they acquire a commercial bill from another person, other than under a relationship agreement, and derive income under section CZ 6 (Commercial bills before 31 July 1986) on the redemption or disposal of the commercial bill.

  2. The amount of the deduction is the value of the commercial bill on the date on which the person acquired it.

  3. This section supplements the general permission. The general limitations still apply.

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