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OD 16: CTRA increase in resident shareholding
or “This provision about changes in company ownership was removed from the law in 2012”
You could also call this:

“Outdated tax rule about company tax account ratios no longer applies”

This section of the law, called ‘CTRA breach of CTR ratio’, used to be part of the Income Tax Act 2007. However, it no longer applies. The government removed this rule on 7 May 2012. The change affected how things worked from 1 July 2011 onwards. This means that if you’re looking at your taxes for any year starting after 1 July 2011, you don’t need to worry about this rule anymore.

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Next up: OD 18: CTRA tax advantage arrangement

or “Removed rule about tax advantage arrangements in special accounts”
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Part O Memorandum accounts
Conduit tax relief accounts (CTRA)

OD 17CTRA breach of CTR ratio (Repealed)

    Notes
    • Section OD 17: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 99(1) of the Taxation (International Investment and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).