# Corporation Tax Act 2009, Section 931B: Exemption from charge to tax

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

A dividend or other distribution of a company that is received in an accounting period of the recipient in which the recipient is a small company is exempt if—
(a) the payer is a resident of (and only of) the United Kingdom or a qualifying territory at the time that the distribution is received,
(b) the distribution is not of a kind mentioned in paragraph E or F in section 1000(1) of CTA 2010 (certain non-dividend distributions),
(c) no deduction is allowed to a resident of any territory outside the United Kingdom under the law of that territory in respect of the distribution, and
(d) the distribution is not made as part of a tax advantage scheme.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/931B (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-931B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.