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OP 112: Consolidated PCA group company’s credit
or “Removed rule about company credits in policyholder account groups”
You could also call this:

“Maximum deficit in consolidated group's foreign dividend payment account (no longer applicable)”

The law used to have a section called ‘Consolidated PCA maximum deficit debit in FDP account’. This was part of the rules about ‘Policyholder credits of consolidated groups’ in the Income Tax Act 2007. However, this section doesn’t exist anymore. It was removed on 1 July 2010. This means that the rules it contained no longer apply.

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Next up: OP 114: Consolidated PCA reduced deficit debit in FDP account

or “Outdated tax rule about policyholder credits for company groups”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: Policyholder credits of consolidated groups

OP 113Consolidated PCA maximum deficit debit in FDP account (Repealed)

    Notes
    • Section OP 113: repealed, on , by section 483(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).