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Finance Act 2004
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Matching: distributions exceeding basic profits
5Where in an accounting period the total amount of the distributions made (or treated as made) by a company exceeds its basic profits, the amount of the company’s basic profits for that period matched with non-corporate distributions is—
where—
NCD is the total amount of the non-corporate distributions made (or treated as made) by the company in that period;
D is the total amount of all the distributions made (or treated as made) by the company in that period; and
BP is the amount of the company’s basic profits for that period.
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