Part 17Manufactured payments and repos
Chapter 2Manufactured dividends
787Exemption of manufactured dividends
1
Part 9A of CTA 2009 (company distributions), in its application in relation to a manufactured dividend as a result of section 784, has effect with the following modification.
2
The modification is that—
a
references in that Part to the payer are to be treated as references to the company that pays the dividend of which the manufactured dividend is representative, and
b
the definition of “the payer” in section 931T is to be treated as omitted.