# Corporation Tax Act 2010, Section 1056: Dividend or bonus relating to transactions

Extent: E+W+S+N.I.

(1) This section applies if—
(a) a dividend or bonus is granted by a registered society , and
(b) section 132 of CTA 2009 (dividends etc relating to transactions with a registered society ) allows the sum representing the dividend or bonus to be deducted in calculating the profits of a trade.
(2) The dividend, or the bonus, is not a distribution for the purposes of the Corporation Tax Acts.

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1056 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1056
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.