Tax credits and other credits - Tax credits of conduit tax relief companies
LQ 2: Limitation on amount of credit
You could also call this:
“Tax credit under section LQ 2 no longer available”
You can no longer get a tax credit under section LQ 2 of the Income Tax Act 2007. This section, which used to be about limiting the amount of credit, was removed from the law on 30 June 2009. The government made this change as part of a bigger update to tax rules about international matters, life insurance, and some other things.
LQ 3: Determining percentage of non-resident shareholders, or
“This section about calculating non-resident shareholder percentages is no longer in effect”
Part L
Tax credits and other credits
Tax credits of conduit tax relief companies
LQ 2Limitation on amount of credit (Repealed)
Notes
Section LQ 2: repealed (with effect on 30 June 2009), on , by section 346(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
