Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Conduit tax relief accounts (CTRA)

OD 23: FDP payable for CTR debits

You could also call this:

“Outdated rule about foreign dividend payments for tax relief debits”

This section of the Income Tax Act 2007 was about FDP (Foreign Dividend Payment) that had to be paid for CTR (Conduit Tax Relief) debits. However, this section no longer applies. It was taken out of the law on 30 June 2009. This means you don’t need to worry about these specific rules anymore because they are not part of the current law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519167.

Topics:
Money and consumer rights > Taxes
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OD 22: CTR credits and imputation credits attached to dividends, or

“Rules about tax credits on dividends have been removed”

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OD 24: FDP payable on resident’s restricted amalgamation, or

“Former rule on foreign dividend payments for certain company mergers no longer applies”

Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 23FDP payable for CTR debits (Repealed)

    Notes
    • Section OD 23: repealed (with effect on 30 June 2009), on , by section 428(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).