# Commonwealth Development Corporation Act 1999, Paragraph 6

Extent: E+W+S+N.I.

(1) This paragraph applies where the Corporation makes a distribution during the exempt period.
(2) The following provisions shall not apply in relation to the distribution—
(a) section 1285 of the Corporation Tax Act 2009 (exemption from corporation tax);
(b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3) The distribution shall be treated for the purposes of income tax as dividends of a non-UK resident company chargeable under Chapter 4 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (and accordingly as relevant foreign income for the purposes of that Act), and for the purposes of corporation tax as dividends of a non-UK resident company chargeable under Chapter 2 of Part 10 of the Corporation Tax Act 2009.
(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(5) In this paragraph “distribution” has the same meaning as it has in the Corporation Taxes Acts by virtue of Chapter 2 of Part 23 of the Corporation Tax Act 2010 (company distributions).

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Source: https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/6 (the official version)
Page: https://openlegislation.uk/commonwealth-development-corporation-act-1999/schedule-3/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.