Corporation Tax Act 2010 (c. 4)

Part 23 U.K. Company distributions

Chapter 2 U.K. Matters which are distributions

Distributions in respect of non-commercial securities U.K.

1006 Distributions exceeding consideration received for issue of security U.K.

No amount is to be regarded for the purposes of paragraph E in section 1000(1) as representing the principal secured by a security so far as it exceeds any new consideration which has been received by the company for the issue of the security.