Commentary on Sections Structure of Chapters Overview Section 395: Reduction in tax due in cases within section 394
1596.This section is based on section 251C of ICTA and applies if tax has been paid in respect of any capital receipts received in connection with the holding of the dividend shares which cease to be subject to the approved SIP.
1597.Subsection (2) operates to reduce the amount of tax due under section 394.