[F1554A Meaning of “distribution”U.K.
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(1)In this Chapter, references (however expressed) to a distribution include share capital issued in lieu of a cash dividend.
(2)Section 1051(2) to (4) (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of section 1049(1)(a).]
Textual Amendments
F1S. 554A inserted (with effect in accordance with Sch. 4 para. 12 of the amending Act) by Finance (No. 3) Act 2010 (c. 33), Sch. 4 para. 8