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OC 23: FDPA breach of FDP ratio by PCA company
or “Removed law about tax accounting for certain companies”
You could also call this:

“This tax rule about company ownership changes was removed in 2017”

This provision in the Income Tax Act 2007 about ‘FDPA debit for loss of shareholder continuity’ has been removed from the law. It was taken out on 1 April 2017. This means that this specific rule about what happens to a company’s tax account when there are big changes in who owns the company no longer applies. 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.

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Next up: OC 25: FDPA tax advantage arrangement

or “Rules about FDPA tax advantage arrangements have been removed”
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Part O Memorandum accounts
Foreign dividend payment accounts (FDPA)

OC 24FDPA debit for loss of shareholder continuity (Repealed)

    Notes
    • Section OC 24: repealed, on , by section 216 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).