Section 999 Priority of negative rules

(1)

The provisions of this Chapter are subject to any express exceptions.

(2)

See, in particular—

(a)

Chapter 3 (matters which are not distributions),

(b)

section 1075 (exempt distributions), and

(c)

paragraph 6 of Schedule 12 to FA 1988 (transfer of building society's business to a company: qualifying benefits),

and see also the table in section 1001.

Notes on Part 23

C1: Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)