Memorandum accounts - General provisions - When companies amalgamate
OA 12: CTR account on resident’s restricted amalgamation
You could also call this:
“Former rules for CTR accounts during company mergers”
This part of the law used to talk about what happens to a CTR account when companies combine in a specific way called a resident’s restricted amalgamation. However, this section no longer applies. It was removed from the law on 6 October 2009, but the change was meant to work from 30 June 2009. If you need to know more about this topic, you might need to look at other parts of the tax law that are still in effect.
OA 13: Policyholder credit account on resident’s restricted amalgamation, or
“This rule about combining policyholder credit accounts when companies merge was removed in 2017”
Part O
Memorandum accounts
General provisions:
When companies amalgamate
OA 12CTR account on resident’s restricted amalgamation (Repealed)
Notes
Section OA 12: repealed (with effect on 30 June 2009), on , by section 377(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).
