Memorandum accounts - Policyholder credit accounts (PCA) - Policyholder debits of PCA company
OJ 9: PCA transfer to imputation credit account
You could also call this:
“Removed rule about moving money between company tax accounts”
This section of the law, called ‘PCA transfer to imputation credit account’, has been taken out of the Income Tax Act 2007. It used to be about how money could be moved between different types of accounts that companies use for tax purposes. The government removed this rule on 1 July 2010, so it doesn’t apply anymore. If you need to know about how companies manage their tax accounts now, you should look at other parts of the tax law that are still in use.
