# Corporation Tax Act 2010, Section 1087: Chargeable payments not deductible in calculating profits


If a chargeable payment is made within 5 years after an exempt distribution, the chargeable payment is treated as a distribution for the purposes of section 1305 of CTA 2009 (no deduction for distributions in calculation of a company's profits).

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Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1087 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1087
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.