Memorandum accounts - Memorandum accounts of consolidated groups - FDP credits of consolidated FDP groups
OP 58: Consolidated FDPA dividend derived with FDP credit
You could also call this:
“Removed rule about consolidated group dividends with FDP credits”
This section of the law, called ‘Consolidated FDPA dividend derived with FDP credit’, has been removed. It used to be part of the rules about FDP credits for consolidated FDP groups in the Income Tax Act 2007. The government took it out of the law on 1 April 2017. This means it no longer applies, and you don’t need to worry about what it used to say.
OP 59: Consolidated FDPA group company’s credit, or
“Removed credit for consolidated group companies no longer applies”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
FDP credits of consolidated FDP groups
OP 58Consolidated FDPA dividend derived with FDP credit (Repealed)
Notes
Section OP 58: repealed, on , by section 241(1) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).
