Paragraph 708

In section 904 (annual payments for dividends or non-taxable consideration) for subsection (2) substitute—

“(2)

The payment must be—

(a)

a payment charged to income tax under Part 5 of ITTOIA 2005 (miscellaneous income), or

(b)

a payment which is—

(i)

required to be brought into account under Part 5 of CTA 2009 (loan relationships) as a non-trading credit, or

(ii)

from a source in the United Kingdom and chargeable to corporation tax under Chapter 5 of Part 10 of that Act (distributions from unauthorised unit trusts) or Chapter 7 of that Part (annual payments not otherwise charged).”