# Corporation Tax Act 2009, Section 931D: 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 not a small company is exempt if—
(a) the distribution falls into an exempt class (see sections 931E to 931Q),
(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), and
(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.

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