Memorandum accounts - Memorandum accounts of consolidated groups - CTR credits of consolidated groups
OP 85: Consolidated CTRA transfer from group’s FDP account
You could also call this:
“Transfer of funds between company group accounts no longer allowed”
This part of the law used to talk about how a group of companies could move money from one account to another. The account they were moving money from was called an FDP account, and the account they were moving money to was called a CTRA. However, this rule doesn’t exist anymore. The government got rid of it on 1 July 2011. This means that from that date onwards, companies can’t use this rule to move money between these accounts.
OP 86: Consolidated CTRA reversal of tax advantage arrangement, or
“This tax rule about reversing company tax advantages no longer applies”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
CTR credits of consolidated groups
OP 85Consolidated CTRA transfer from group’s FDP account (Repealed)
Notes
Section OP 85: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 113(2) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
