(ii) The shares held in Date Inc and the dividend income received from that company. (7 ma

(ii) The shares held in Date Inc and the dividend income received from that company. (7 marks)

(ii) Shares held in Date Inc and the related dividend incomeDegrouping chargeThere will be a degrouping charge in Nikau Ltd in the year ending 31 March 2008 in respect of the shares in Date Inc.This is because Nikau Ltd has left the Facet Group within six