IntroductionU.K.
1029Overview of ChapterU.K.
(1)In this Chapter the following sections provide that a particular matter is not a distribution—
(a)section 1030 (distributions in respect of share capital on a winding up),
[(aa)section 1030A (distributions in respect of share capital prior to dissolution of company),]
(b)section 1031 (distribution as part of a cross-border merger),
(c)section 1032 (interest etc paid in respect of certain securities),
[(ca)section 1032A (payment in respect of tier two capital),]
(d)section 1033 (purchase by unquoted trading company of own shares),
(e)section 1049 (stock dividends),
(f)section 1054 (building society payments),
(g)section 1055 (industrial and provident societies: interest and share dividends),
(h)section 1056 (dividend or bonus relating to transactions with industrial and provident society), and
(i)section 1057 (UK agricultural or fishing co-operatives: interest and share dividends).
(2)The following make similar provision outside this Chapter—
(a)section 1075 (exempt distributions), and
(b)paragraph 6 of Schedule 12 to FA 1988 (transfer of building society's business to a company: qualifying benefits).