Part 23Company distributions
Chapter 3Matters which are not distributions
Introduction
1029Overview of Chapter
1
In this Chapter the following sections provide that a particular matter is not a distribution—
a
section 1030 (distributions in respect of share capital on a winding up),
b
section 1031 (distribution as part of a cross-border merger),
c
section 1032 (interest etc paid in respect of certain securities),
d
section 1033 (purchase by unquoted trading company of own shares),
e
section 1049 (stock dividends),
f
section 1054 (building society payments),
g
section 1055 (industrial and provident societies: interest and share dividends),
h
section 1056 (dividend or bonus relating to transactions with industrial and provident society), and
i
section 1057 (UK agricultural or fishing co-operatives: interest and share dividends).
2
The following make similar provision outside this Chapter—
a
section 1075 (exempt distributions), and
b
paragraph 6 of Schedule 12 to FA 1988 (transfer of building society’s business to a company: qualifying benefits).