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OP 104: Consolidated BETA credit for loss of shareholder continuity
or “Credit for consolidated groups losing shareholder continuity (removed)”
You could also call this:

“Outdated rule for handling tax debits in certain company groups”

This section of the Income Tax Act 2007 used to talk about how consolidated Branch Equivalent Tax Account (BETA) groups should handle certain debits, including those from conduit relief, in specific income years when they had a debit balance. However, this part of the law no longer applies. It was removed on 1 July 2012, which means it’s not in use anymore for income years that started on or after that date.

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Next up: OP 105: Consolidated BETA payment of FDP

or “How a group of companies used to pay a specific tax using a consolidated account”
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Part O Memorandum accounts
Memorandum accounts of consolidated groups: Treatment by consolidated BETA groups of BETA debits from conduit relief

OP 104BConsolidated BETA group with debit balance, including debits from conduit relief, in certain income years (Repealed)

    Notes
    • Section OP 104B: repealed, on (applying for income years beginning on or after that date), by section 122(1) of the Taxation (International Investment and Remedial Matters) Act 2012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).