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OP 87: Consolidated CTRA payment of dividend
or “Removed rule about company groups paying dividends under Consolidated CTRA”
You could also call this:

“Removed rule about moving money between company group accounts”

This section of the law, called ‘Consolidated CTRA transfer to group’s FDP account’, used to be part of the Income Tax Act 2007. It was about how companies in a group could move money between different types of accounts. However, this rule doesn’t exist anymore. The government removed it on 30 June 2009. If you need to know about current rules for company accounts, you should look at other parts of the tax law that are still in effect.

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Next up: OP 89: Consolidated CTRA adjustment for conduit tax relief

or “Removed tax rule about company group adjustments for overseas income”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: CTR debits of consolidated groups

OP 88Consolidated CTRA transfer to group’s FDP account (Repealed)

    Notes
    • Section OP 88: repealed (with effect on 30 June 2009), on , by section 474(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).