Memorandum accounts - General provisions - Amalgamation of companies in consolidated groups
OA 17: When policyholder credit account ends on resident’s restricted amalgamation
You could also call this:
“When a policyholder credit account ends due to companies merging”
The law used to say something about what happens to a policyholder credit account when a company joins with another company in a special way. This was part of the rules for when companies in the same group join together. However, this part of the law was removed on 30 March 2017, so it doesn’t apply anymore. If you want to know more about how companies join together now, you might need to look at other parts of the tax law.
OA 18: Calculation of maximum permitted ratios, or
“How to work out the most credit you can add to dividends or distributions”
Part O
Memorandum accounts
General provisions:
Amalgamation of companies in consolidated groups
OA 17When policyholder credit account ends on resident’s restricted amalgamation (Repealed)
Notes
Section OA 17: repealed, on , by section 187 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
