The title complex (tBuPCP)IrH(Cl) (1; tBuPCP = κ3-2,6-(CH2PtBu2)2C6H3) appeared to be moderately active in NHMe2·BH3 (DMAB) dehydrogenation, allowing the systematic spectroscopic (variable-temperature NMR and IR) investigation of the reaction intermediates and products, under both stoichiometric and catalytic regimes, combined with DFT/M06 calculations. The formation of the hexacoordinate complex (tBuPCP)IrHCl(η1-BH3·NHMe2) (3) stabilized by a NH···Cl hydrogen bond is shown experimentally at the first reaction step. This activates both B–H and Ir–Cl bonds, initiating the precatalyst activation and very first DMAB dehydrogenation cycle. The same geometry is suggested by the DFT calculations for the key intermediate of the catalytic cycle, (tBuPCP)IrH2(η1-BH3·NHMe2) complex (6). In these complexes, DMAB is coordinated trans to the ipso carbon, allowing the steric repulsion between the amine–borane and tert-butyl groups at the phosphorus atoms to be overcome. Under catalytic conditions (2–5 mol % of 1) the h...