# Corporation Tax Act 2009, Section 931F: Distributions in respect of non-redeemable ordinary shares


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.

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