Corporation Tax Act 2010
2010 CHAPTER 4
Introduction
Part 23: Company distributions
Chapter 5: Demergers
Section 1075: Exempt distributions
3134.This section states that an exempt distribution is not a distribution for the purposes of the Corporation Tax Acts, and provides a signpost to the categories of exempt distribution set out in the following three sections. It is based on sections 213(2) and (3), 213A(1) and (2) and 218(1) of ICTA.
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