Memorandum accounts - Memorandum accounts of consolidated groups - Branch equivalent tax credits of consolidated BETA groups
OP 103: Consolidated BETA refund of FDP
You could also call this:
“Refund of foreign dividend payments for consolidated groups no longer applies”
This section of the law, called ‘Consolidated BETA refund of FDP’, used to be part of the Income Tax Act 2007. It was about branch equivalent tax credits for consolidated BETA groups. However, you don’t need to worry about it anymore because it was removed from the law on 1 July 2012. This means it no longer applies to any income years that started on or after that date.
OP 104: Consolidated BETA credit for loss of shareholder continuity, or
“Credit for consolidated groups losing shareholder continuity (removed)”
Part O
Memorandum accounts
Memorandum accounts of consolidated groups:
Branch equivalent tax credits of consolidated BETA groups
OP 103Consolidated BETA refund of FDP (Repealed)
Notes
Section OP 103: repealed, on (applying for income years beginning on or after that date), by section 122(1) of the Taxation (International Investment and Remedial Matters) Act 2012 (2012 No 34).
