23U.K.Where a foreign income dividend paid by a company before 6th April 1999—
(a)is received by a person on or after that date, and
(b)is not one in relation to which section 246D of the Taxes Act 1988 applies,
the recipient shall be treated, for all purposes of the Tax Acts, as receiving instead a F1... distribution made by a company resident in the United Kingdom of an amount equal to F2... the amount of the foreign income dividend.
Textual Amendments
F1Word in Sch. 6 para. 23 omitted (15.9.2016) (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 57(5)(a)
F2Words in Sch. 6 para. 23 omitted (15.9.2016) (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 57(5)(b)