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EH 76: Income when refund given on liquidation
or “Tax on refunds received when closing a business”
You could also call this:

“Rules from main scheme apply to thinning operations scheme with small changes”

The rules from [sections EH 28 to EH 33] also apply to the thinning operations income equalisation scheme. These rules have been slightly changed to fit this scheme. This means that the same general ideas from the main income equalisation scheme are used for the thinning operations scheme, but with some small differences to make them work properly.

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Next up: EH 78: Meaning of thinning operations maximum deposit

or “Explains the maximum amount you can deposit from thinning operations income”
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Part E Timing and quantifying rules
Income equalisation schemes: Refunds: general provisions, and tax credits

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

  1. Sections EH 28 to EH 33 apply, with the necessary amendments, to the thinning operations income equalisation scheme.

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