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OD 4: When company stops being CTR company
or “This provision about CTR companies is no longer in effect”
You could also call this:

“Tax credit for overseas investors removed in 2009”

This section of the law, called ‘CTRA tax credit for conduit tax relief’, used to be part of the Income Tax Act 2007. However, it no longer exists. The government removed it on 30 June 2009. This means that you don’t need to worry about this tax credit anymore because it’s not part of the current law.

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Next up: OD 6: CTRA transfer from FDP account

or “Removed rule about moving money between company accounts”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 5CTRA tax credit for conduit tax relief (Repealed)

    Notes
    • Section OD 5: repealed (with effect on 30 June 2009), on , by section 424(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).