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OD 15: CTRA break in shareholding chain for company
or “Removed rule about company shareholding and tax credits”
You could also call this:

“This provision about changes in company ownership was removed from the law in 2012”

You don’t need to worry about this section of the law anymore. It was about something called a ‘CTRA increase in resident shareholding’, but it was removed from the law on 7 May 2012. This change applies to income years that started on or after 1 July 2011. The government made this change as part of a law called the Taxation (International Investment and Remedial Matters) Act 2012.

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Next up: OD 17: CTRA breach of CTR ratio

or “Outdated tax rule about company tax account ratios no longer applies”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 16CTRA increase in resident shareholding (Repealed)

    Notes
    • Section OD 16: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).