Textual Amendments
F1Sch. 23A inserted by Finance Act 1991 (c. 31, SIF 63:1), s. 58, Sch. 13 para. 1 (with effect as mentioned in s. 58(3) in relation to payments made on or after such day as may be specified: 26.2.1992 specified for certain purposes by S.I. 1992/173, reg.2; 30.6.1992 specified for certain purposes by S.I. 1992/1346, regs.2, 3, 4; 21.4.1993 specified for certain purposes by S.I. 1993/933, regs.2, 3(b), 4)
Modifications etc. (not altering text)
C1Sch. 23A modified (19.3.1997) by Finance Act 1997 (c. 16), Sch. 7 para. 7(3)
2A(1)Where, in the case of a manufactured dividend, the dividend manufacturer—
(a)is resident in the United Kingdom, but
(b)is not a company,
the amount of the manufactured dividend actually paid (so far as is it is not otherwise deductible), F2. . . shall be allowable for the purposes of income tax as a deduction against the total income of the dividend manufacturer.
(2)F3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)F4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(4)The references in this paragraph to an amount being deductible are references to its being either—
(a)deductible in computing the amount of any of the dividend manufacturer’s profits or gains for the purposes of income tax or corporation tax; or
(b)deductible for those purposes from the total income or, as the case may be, total profits of the dividend manufacturer.
Textual Amendments
F2Words in Sch. 23A para. 2A(1) repealed (with effect in accordance with s. 102(10) of the repealing Act) by Finance Act 1998 (c. 36), s. 102(8)(b), Sch. 27 Pt. 3(24), Note
F3Sch. 23A para. 2A(2) repealed (with effect in accordance with s. 24(15) of the repealing Act) by Finance (No. 2) Act 1997 (c. 58), s. 24(13), Sch. 8 Pt. 2(8), Note 1
F4Sch. 23A para. 2A(3) repealed (with effect in accordance with s. 102(10) of the repealing Act) by Finance Act 1998 (c. 36), s. 102(8)(b), Sch. 27 Pt. 3(24), Note