Memorandum accounts - Memorandum accounts of consolidated groups - CTR debits of consolidated groups
OP 89: Consolidated CTRA adjustment for conduit tax relief
You could also call this:
“Removed tax rule about company group adjustments for overseas income”
This part of the law, called ‘Consolidated CTRA adjustment for conduit tax relief’, used to be part of the Income Tax Act 2007. It was about how groups of companies adjust their taxes for something called conduit tax relief. However, this part of the law no longer exists. It was removed on 7 May 2012, and this change affected tax years starting from 1 July 2011. The government decided to take this section out of the law, so you don’t need to worry about it anymore when thinking about taxes for company groups.
OP 90: Consolidated CTRA group company’s debit, or
“Removed rule about company debits in consolidated CTRA groups”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
CTR debits of consolidated groups
OP 89Consolidated CTRA adjustment for conduit tax relief (Repealed)
Notes
Section OP 89: repealed (with effect on 1 July 2011 and applying for income years beginning on or after that date), on , by section 114(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
