{
  "url": "https://openlegislation.uk/corporation-tax-act-2010/section-18L",
  "json_url": "https://openlegislation.uk/corporation-tax-act-2010/section-18L.json",
  "legislation": "ukpga/2010/4",
  "legislation_title": "Corporation Tax Act 2010",
  "legislation_url": "https://openlegislation.uk/corporation-tax-act-2010",
  "path": "section/18L",
  "kind": "section",
  "number": "18L",
  "heading": "Meaning of “augmented profits”",
  "text": "(1) For the purposes of this Part a company's “augmented profits” of an accounting period are—\n(a) the company's taxable total profits of that period, plus\n(b) any exempt distributions of a qualifying kind received by the company (“R”) that are not excluded.\n(2) For the purposes of this section a distribution is an “exempt distribution of a qualifying kind” if—\n(a) it is a distribution for the purposes of the Corporation Tax Acts because (and only because) it falls within paragraph A, B, G or H in section 1000(1), and\n(b) it is exempt for the purposes of Part 9A of CTA 2009 (company distributions).\n(3) For the purposes of this section a distribution which R receives from a company (“C”) is excluded if—\n(a) C is a 51% subsidiary of R or of a company of which R is a 51% subsidiary, or\n(b) C is a trading company or relevant holding company that is a quasi-subsidiary of R.\n(4) Section 18M—\n(a) makes further provision for determining whether a company is a 51% subsidiary of another for the purposes of subsection (3), and\n(b) defines expressions used in that subsection.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Pt. 3A inserted (with effect in accordance with Sch. 1 para. 34 of the amending Act) by Finance Act 2021 (c. 26), Sch. 1 para. 3"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/4/section/18L",
    "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."
}