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Part 23U.K.Company distributions

Chapter 5U.K.Demergers

Chargeable paymentsU.K.

1087Chargeable payments not deductible in calculating profitsU.K.

If a chargeable payment is made within 5 years after an exempt distribution, the chargeable payment is treated as a distribution for the purposes of section 1305 of CTA 2009 (no deduction for distributions in calculation of a company's profits).