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OP 77: Consolidated FDPA final balance
or “Removed rule about consolidated FDP group balances”
You could also call this:

“Tax relief accounts for company groups no longer exist”

The law used to have a section about CTR accounts for consolidated groups. CTR stands for “conduit tax relief”. This section was part of the Income Tax Act 2007. However, this part of the law doesn’t exist anymore. The government removed it on 7 May 2012. This change started to apply from 1 July 2011 for income years that began on or after that date. The removal of this section was done through another law called the Taxation (International Investment and Remedial Matters) Act 2012.

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Next up: OP 79: When credits and debits arise only in CTR group accounts

or “This rule about group tax accounts has been removed”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: Introductory provisions

OP 78CTR accounts of consolidated groups (Repealed)

    Notes
    • Section OP 78: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 112(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).