OD 14: CTRA break in shareholding chain for group company
You could also call this:
“Removed rule about shareholding changes in company groups”
This part of the law used to talk about something called a ‘CTRA break in shareholding chain for group company’. It was part of the rules about ‘Memorandum accounts’ in the Income Tax Act 2007. However, this section doesn’t apply anymore. The government removed it on 7 May 2012, and it stopped working from 1 July 2011. This means that if you’re looking at tax stuff that happened after 1 July 2011, you don’t need to worry about this rule.
OD 15: CTRA break in shareholding chain for company, or
“Removed rule about company shareholding and tax credits”
Part O
Memorandum accounts
Conduit tax relief accounts (CTRA)
OD 14CTRA break in shareholding chain for group company (Repealed)
Notes
Section OD 14: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).
