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OD 6: CTRA transfer from FDP account
or “Removed rule about moving money between company accounts”
You could also call this:

“Removed rule about special dividends with tax credits”

This part of the law has been removed. It used to be about CTRA dividends that come with a CTR credit. The government took this section out of the law on 7 May 2012. This change started working from 1 July 2011 for income years that begin on or after that date. You don’t need to worry about this section anymore because it’s not part of the current law.

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Next up: OD 8: CTRA reduction of FDP

or “This outdated provision about reducing foreign dividend payments in a tax credit account is no longer applicable”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 7CTRA dividend derived with CTR credit (Repealed)

    Notes
    • Section OD 7: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).