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3. In regulation 3(1) (interpretation)—
(a)before “accounting period” insert—
““abnormal dividend” has the meaning given by regulation 6A;”;
(b)omit “the Board” means the Commissioners of Inland Revenue”;
(c)before “distribution” insert—
““company” in regulation 6A means a company referred to in section 733 (company liable to counteraction of corporation tax advantage) of the Corporation Tax Act 2010(1);
“the CTA” means the Corporation Tax Act 2010”;
(d)for the definition of “franked investment income” substitute—
““franked investment income” means income of a company resident in the United Kingdom which consists of a distribution in respect of which the company is entitled to a tax credit (and which accordingly represents income equal to the aggregate of the amount or value of the distribution and the amount of that credit), except that it does not include income to which regulations 7, 8(4), 9 or 10A refer, nor income falling within regulation 10 where paragraph (4) of that regulation does not apply;”.
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