SCHEDULES
SCHEDULE 6 Foreign income dividends
Schedule 7 to the Finance Act 1997
21
1
Schedule 7 to the M1Finance Act 1997 shall be amended as follows.
2
Paragraph 2 (distributions treated as FIDs) shall cease to have effect.
3
Paragraphs 4 to 6 (exceptions for stock options, dividends on fixed rate preference shares and pre-sale distributions) shall cease to have effect.
4
Sub-paragraphs (2) and (3) above have effect in relation to distributions made on or after 6th April 1999.