OB 39: ICA transfer for net foreign attributed income
You could also call this:
“Removed: Rules for transferring money related to foreign income no longer apply”
When you transfer money for net foreign attributed income, you might need to do something with your ICA (Imputation Credit Account). However, this part of the law has been removed. It no longer applies since 30 June 2009. If you want to know more about what used to be in this section, you can look at section 395(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.
“Personal services income attribution can affect a company's tax credits”
Part O
Memorandum accounts
Imputation credit accounts (ICA)
OB 39ICA transfer for net foreign attributed income (Repealed)
Notes
Section OB 39: repealed (with effect on 30 June 2009), on , by section 395(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
