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FF 6: Conduit tax relief
or “Tax relief for certain money transactions is no longer available”
You could also call this:

“This provision about surplus to foreign dividends was removed from the law in 2009”

This part of the law used to be about surplus to foreign dividends. It was part of rules for recharacterising certain transactions in the Income Tax Act 2007. However, this section is no longer in effect. It was removed from the law on 30 June 2009. This means that the rules it contained don’t apply anymore. If you need to know about current rules for foreign dividends, you should look at other parts of the Income Tax Act that are still in effect.

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Next up: FF 8: Identifying members of foreign groups

or “How to identify members of foreign groups (now removed)”
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Part F Recharacterisation of certain transactions
Interest apportionment for conduit investment

FF 7Surplus to foreign dividends (Repealed)

    Notes
    • Section FF 7: repealed (with effect on 30 June 2009), on , by section 228(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).