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RM 28: Limits on refunds for PCA persons
or “This rule about limits on refunds for certain taxpayers no longer exists”
You could also call this:

“Refund limits for former policyholder credit account holders no longer apply”

This part of the law is no longer valid. It used to be about limits on refunds when someone was no longer a PCA person, which means they no longer had a policyholder credit account. The government removed this section from the Income Tax Act 2007 on 30 March 2017. If you need to know about current rules for refunds related to policyholder credit accounts, you should look at other parts of the tax law that are still in effect.

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Next up: RM 30: Changes in credit balances

or “Removed rules about changes in policyholder credit account balances”
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Part R General collection rules
Refunds: Persons with policyholder credit accounts

RM 29Limits on refunds when person no longer PCA person (Repealed)

    Notes
    • Section RM 29: repealed, on , by section 285(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).