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Income Tax Act 2007

Memorandum accounts - Memorandum accounts of consolidated groups - FDP credits of consolidated FDP groups

OP 63: Consolidated FDPA reversal of tax advantage arrangement

You could also call this:

“Rules about reversing tax advantages for consolidated groups no longer apply”

The law used to have a section called ‘Consolidated FDPA reversal of tax advantage arrangement’. This section was part of the rules about FDP credits for consolidated FDP groups in the Income Tax Act 2007. However, this section no longer exists. It was removed from the law on 1 April 2017. This means that the rules it contained are no longer in effect.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519557.

Topics:
Money and consumer rights > Taxes
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OP 62: Consolidated FDPA transfer for net foreign attributed income, or

“This provision about transferring foreign dividend payments in company groups has been removed from the law”

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OP 64: Consolidated FDPA payment of dividend, or

“Removed rule about dividend payments for certain company groups”

Part O Memorandum accounts
Memorandum accounts of consolidated groups: FDP credits of consolidated FDP groups

OP 63Consolidated FDPA reversal of tax advantage arrangement (Repealed)

    Notes
    • Section OP 63: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).