“Removal of rule about debit for policyholder base FDP credits”
This part of the law used to be about a debit for policyholder base FDP credits. However, it has been removed from the law. It no longer applies as of 1 April 2017. If you need to know more about this topic, you might want to look at other parts of the Income Tax Act 2007 that are still in effect.
“Removed law about transferring money between company accounts”
Part O
Memorandum accounts
Foreign dividend payment accounts (FDPA)
OC 20Debit for policyholder base FDP credits (Repealed)
Notes
Section OC 20: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
