Recharacterisation of certain transactions - Consolidated groups of companies - Treatment of foreign dividends
FM 28: Refund when consolidated group has loss
You could also call this:
“Refunds for losses in consolidated groups (no longer applicable)”
This law was about getting a refund when a consolidated group has a loss. It was part of the rules for how foreign dividends are treated in the Income Tax Act 2007. However, this section of the law no longer exists. It was removed on 1 April 2017, which means it doesn’t apply anymore. If you need to know about current rules for consolidated groups and losses, you should look at other parts of the Income Tax Act that are still in effect.
FM 29: Treatment of credit balance in consolidated group’s FDP account, or
“How a group of companies used to handle foreign dividend payments (no longer applies)”
Part F
Recharacterisation of certain transactions
Consolidated groups of companies:
Treatment of foreign dividends
FM 28Refund when consolidated group has loss (Repealed)
Notes
Section FM 28: repealed, on , by section 110 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
