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Paragraph 113

(1)

Section 1139 has effect as if in subsection (4)(b) the words “or 397A(1)” were omitted in relation to—

(a)

qualifying distributions arising before 22 April 2009,

(b)

cash dividends paid over to a person under paragraph 68(4) of Schedule 2 to ITEPA 2003 before 22 April 2009,

(c)

dividends treated under section 407 of ITTOIA 2005 as paid to a person before 22 April 2009, and

(d)

manufactured overseas dividends that are representative of a distribution within paragraph (a), (b) or (c).

(2)

In sub-paragraph (1)—

  • “manufactured overseas dividend” has the same meaning as in Chapter 2 of Part 11 of ITA 2007, and

  • “qualifying distribution” has the meaning given in section 989 of ITA 2007.