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OE 15: BETA debit for loss of shareholder continuity
or “Removed tax rule about branch equivalent tax debits when company ownership changes”
You could also call this:

“Old tax rule about branch equivalent tax debits no longer applies”

The law used to have a rule called ‘BETA final balance’ that was part of the ‘Branch equivalent tax debits’ section in the Income Tax Act 2007. However, this rule no longer exists. It was removed on 30 June 2009. This means you don’t need to worry about this rule anymore when dealing with your taxes.

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Next up: OE 16B: Company with credit balance at beginning of first affected income year

or “Removed rule about companies with leftover credit at the start of a specific tax year”
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Part O Memorandum accounts
Branch equivalent tax accounts (BETA): Branch equivalent tax debits

OE 16BETA final balance (Repealed)

    Notes
    • Section OE 16: repealed (with effect on 30 June 2009), on , by section 434(1) the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).