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LF 6: Application of FDP ratio
or “This rule about tax credits was removed in 2017 and no longer applies”
You could also call this:

“How combined tax credits used to be applied (now removed)”

This section of the law, called ‘Application of combined imputation and FDP ratio’, used to be part of the Income Tax Act 2007. It was about tax credits and other credits. However, this part of the law no longer exists. On 1 April 2017, it was removed from the Act. This means you don’t need to worry about what it said anymore because it’s not part of the current law.

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Next up: LF 8: Credits for persons who are non-resident or who receive exempt income

or “This section about tax credits for non-residents and exempt income no longer applies”
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Part L Tax credits and other credits
Tax credits for foreign dividend payment (FDP) credits

LF 7Application of combined imputation and FDP ratio (Repealed)

    Notes
    • Section LF 7: repealed, on , by section 158 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).