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OP 13: Consolidated ICA dividend derived with FDP credit
or “This provision about group company dividend handling no longer applies”
You could also call this:

“Removed rule about company group tax credits for foreign dividends”

You might have seen a part of the law called ‘Consolidated ICA payment of FDP’ in the Income Tax Act 2007. This part was about imputation credits for groups of companies. However, you don’t need to worry about it anymore because it was removed from the law on 30 June 2009. The government decided it wasn’t needed and took it out of the rules.

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Next up: OP 15: Consolidated ICA replacement payment to company under share-lending arrangement

or “Tax credit for consolidated group when member receives dividend replacement payment”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: Imputation credits of consolidated imputation groups

OP 14Consolidated ICA payment of FDP (Repealed)

    Notes
    • Section OP 14: repealed (with effect on 30 June 2009), on , by section 448(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).