Finance (No. 2) Act 1997 (c. 58)

SCHEDULES

Yn ddilys o 31/07/1997

SCHEDULE 5 U.K. Limitation of entitlement to relief under section 35

Part I U.K. Qualifying distributions other than bonus issues

2 U.K. Where this Part of this Schedule applies, if any part of the distribution is not a part—

(a) to which profits arising after the date of acquisition are attributable in accordance with section 236 of the Taxes Act 1988, or

(b) in relation to which the date of acquisition is earlier than 6th April 1965,

then no payment under section 35(1) of this Act shall be made to the claimant in respect of the distribution.