Corporation Tax Act 2010

(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),

[F1(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),

[F2(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).

Textual Amendments

F1S. 1029(1)(aa) inserted (with effect in accordance with art. 18 of the amending S.I.) by The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266), arts. 1, 16(2)