Section 931F Distributions in respect of non-redeemable ordinary sharesF1
A dividend or other distribution falls into an exempt class if it is made in respect of a share that—
(a)
is an ordinary share, and
(b)
is not redeemable.
Annotations
Textual amendments
- F1
Pt. 9A inserted (with effect in accordance with Sch. 14 para. 31 of the amending Act) by Finance Act 2009 (c. 10), Sch. 14 para. 1 (with Sch. 14 para. 32)
Notes on Part 9A
Modifications
- C1
Pt. 9A modified (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), ss. 787, 795, 1184(1) (with Sch. 2)
- C2
Pt. 9A modified by 2010 c. 4, s. 814D(6) (as inserted (with effect in accordance with Sch. 29 para. 51 of the amending Act) by Finance Act 2013 (c. 29), Sch. 29 para. 2)