Regulation 69Z24C Manufactured dividends – PAIF distributions (dividends)F1F2

This regulation applies to the extent that a manufactured dividend which is paid by a dividend manufacturer is representative of a PAIF distribution (dividends) to which regulation 69Z17 applies.

The recipient of the manufactured dividend is treated as having received, to that extent, an amount to which regulation 69Z20 applies.

If the dividend manufacturer is a company, paragraph 2(2)(b) of Schedule 23A to ICTA has effect in relation to the amount of the manufactured dividend to which paragraph (1) applies.