Section 931N Schemes involving distributions for which deductions are givenF1
This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class.
The distribution does not fall into an exempt class if—
the distribution is made as part of a tax advantage scheme, and
the following condition is met.
The condition is that a deduction is allowed to a resident of any territory outside the United Kingdom under the law of that territory in respect of an amount determined by reference to the distribution.
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)