# Corporation Tax Act 2009, Section 1305: Dividends and other distributions


(1) In the calculation of a company's profits for corporation tax purposes, no deduction is allowed in respect of a dividend or other distribution.
(2) Subsection (1) is subject to any provision of the Corporation Tax Acts expressly authorising a deduction.
(3) In this section “profits” has the same meaning as in Part 2.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/1305 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-1305
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.