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Income Tax Act 2007

Memorandum accounts - Memorandum accounts of consolidated groups - Imputation credits of consolidated imputation groups

OP 18: Consolidated ICA transfer from group company’s FDP account

You could also call this:

“Group company account transfers rule no longer applies”

This part of the law used to talk about how a group company could transfer money from one account to another. However, this rule no longer exists. The government removed it on 1 April 2017. This means you don’t need to worry about this rule anymore when dealing with company accounts.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519447.

Topics:
Money and consumer rights > Taxes
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OP 17: Consolidated ICA resident withholding tax withheld, or

“Credit for tax withheld from interest or dividends paid to consolidated imputation groups”

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OP 19: Consolidated ICA transfer from group’s FDP account, or

“Obsolete rule about moving money between company group accounts”

Part O Memorandum accounts
Memorandum accounts of consolidated groups: Imputation credits of consolidated imputation groups

OP 18Consolidated ICA transfer from group company’s FDP account (Repealed)

    Notes
    • Section OP 18: repealed, on , by section 232 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).