Memorandum accounts - Memorandum accounts of consolidated groups - Policyholder credits of consolidated groups
OP 114: Consolidated PCA reduced deficit debit in FDP account
You could also call this:
“Outdated tax rule about policyholder credits for company groups”
This part of the law used to talk about something called a ‘Consolidated PCA reduced deficit debit in FDP account’. It was part of the rules about ‘Policyholder credits of consolidated groups’ in the Income Tax Act 2007. However, this section doesn’t apply anymore. The government removed it on 1 July 2010. If you need to know more about this topic, you might need to look at other parts of the tax law that are still in use.
