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Corporation Tax Act 2010, Section 1029 is up to date with all changes known to be in force on or before 19 August 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(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). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(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 ( [F3registered societies ] : interest and share dividends),
(h)section 1056 (dividend or bonus relating to transactions with [F4registered 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)
F2S. 1029(1)(ca) repealed (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209), regs. 1(1), 12(a)(iii)
F3Words in s. 1029(1)(g) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 164(a) (with Sch. 5)
F4Words in s. 1029(1)(h) substituted (1.8.2014) by Co-operative and Community Benefit Societies Act 2014 (c. 14), s. 154, Sch. 4 para. 164(b) (with Sch. 5)
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