Point in time view as at 01/01/2018.
Finance Act 2016, Paragraph 39 is up to date with all changes known to be in force on or before 08 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
39(1)Section 1100 (qualifying distribution: right to request a statement) is amended as follows.U.K.
(2)In subsection (1) (requests for statement)—
(a)for “qualifying distribution” substitute “ distribution to which this section applies ”, and
(b)omit paragraph (b) (amount of any tax credit), and the “and” preceding it.
(3)After subsection (4) insert—
“(4A)This section applies to any distribution other than one which is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph C or D in section 1000(1) (redeemable share capital or security issued as bonus in respect of shares in, or securities of, the company).”
(4)Omit subsections (2) and (5) (interpretation of subsection (1)(b)).
(5)In subsection (7) (section to be read with section 396A(2) of ITTOIA 2005)—
(a)for “needs” substitute “ , and sections 1101 to 1103, need ”, and
(b)for “as “qualifying distributions” for the purposes of this section” substitute “ as distributions to which this section applies ”.
(6)In the heading, for “Qualifying” substitute “ Certain ”.
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