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LF 7: Application of combined imputation and FDP ratio
or “How combined tax credits used to be applied (now removed)”
You could also call this:

“This section about tax credits for non-residents and exempt income no longer applies”

This part of the law used to talk about tax credits for people who are not living in New Zealand or who get income that doesn’t need to be taxed. However, as of 1 April 2017, this section has been removed from the law. It no longer applies, so there are no rules to explain about this topic.

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Next up: LF 9: When income tax unpaid

or “This section about unpaid income tax has been removed from the law”
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Part L Tax credits and other credits
Tax credits for foreign dividend payment (FDP) credits

LF 8Credits for persons who are non-resident or who receive exempt income (Repealed)

    Notes
    • Section LF 8: repealed, on , by section 158 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).