Corporation Tax Act 2010 (c. 4)

Part 23 U.K. Company distributions

Chapter 5 U.K. Demergers

Exempt distributions U.K.

1075 Exempt distributions U.K.

(1) An exempt distribution is not a distribution of a company for the purposes of the Corporation Tax Acts.

(2) In this Chapter “exempt distribution” means a distribution which is an exempt distribution by virtue of section 1076, 1077 or 1078.