{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-1076",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-1076.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/1076",
  "kind": "section",
  "number": "1076",
  "heading": "Transfer of shares in subsidiaries to members",
  "text": "A distribution is an exempt distribution if—\n(a) it consists of the transfer by a company to all or any of its members of shares in one or more companies which are its 75% subsidiaries,\n(b) each of conditions A to F in sections 1081 and 1082 is met in respect of the distribution, and\n(c) if the company making the transfer is a 75% subsidiary of another company, conditions L and M in section 1085 are met in respect of the distribution.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/1076",
    "retrieved_at": "2026-10-29T09:10:29.433154+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}