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OP 81: Consolidated CTRA tax credit for conduit tax relief
or “Credit for overseas tax relief for company groups no longer applies”
You could also call this:

“Outdated rule for reducing foreign dividend payments in group tax accounts”

This part of the law used to be about reducing FDP (foreign dividend payment) for consolidated groups under the Income Tax Act 2007. However, it’s no longer in effect. The government removed this section on 30 June 2009. If you want to know more about why this change happened, you can look at section 473(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009.

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Next up: OP 83: Consolidated CTRA dividend derived with CTR credit

or “Removed rule about special dividends with CTR credits for company groups”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: CTR credits of consolidated groups

OP 82Consolidated CTRA reduction of FDP (Repealed)

    Notes
    • Section OP 82: repealed (with effect on 30 June 2009), on , by section 473(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).