Plain language law

New Zealand law explained for everyone

Income Tax Act 2007

Memorandum accounts - Memorandum accounts of consolidated groups - FDP debits of consolidated FDP groups

OP 65: Consolidated FDPA credit transfer by company

You could also call this:

“Company credit transfers in consolidated accounts no longer apply”

This law is about a company transferring credits in a consolidated FDPA (FDP Account). However, this part of the law no longer applies. It was removed on 1 April 2017. This means you don’t need to worry about following these rules anymore because they are not in use.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1519562.

Topics:
Money and consumer rights > Taxes
Previous

OP 64: Consolidated FDPA payment of dividend, or

“Removed rule about dividend payments for certain company groups”

Next

OP 66: Consolidated FDPA refund of FDP, or

“Refund process for foreign dividend payments to company groups (no longer applicable)”

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

OP 65Consolidated FDPA credit transfer by company (Repealed)

    Notes
    • Section OP 65: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).