{
  "url": "https://openlegislation.uk/finance-act-2013/schedule-19/paragraph-5",
  "json_url": "https://openlegislation.uk/finance-act-2013/schedule-19/paragraph-5.json",
  "legislation": "ukpga/2013/29",
  "legislation_title": "Finance Act 2013",
  "legislation_url": "https://openlegislation.uk/finance-act-2013",
  "path": "schedule/19/paragraph/5",
  "kind": "paragraph",
  "number": "5",
  "heading": null,
  "text": "(1) Section 548 (distributions: liability to tax) is amended as follows.\n(2) In subsection (5) after “2009)” insert “ so far as the distribution is a distribution of exempt profits ”.\n(3) In subsection (6) after “2005)” insert “ so far as the distribution is a distribution of exempt profits ”.\n(4) After subsection (8) insert—\n“(9) This section does not apply in relation to a distribution falling within section 549A(6) or (8) so far as the distribution is a distribution of exempt profits.\n(10) For the purposes of this Chapter a distribution is a “distribution of exempt profits” so far as the distribution falls within section 550(2)(a), (aa), (c) or (d).\n(11) In applying section 550 for the purposes of subsection (10) in relation to a distribution made by the principal company of a post-cessation group or by a post-cessation company—\n(a) subsection (1)(a) is to be read as referring to the principal company of the post-cessation group, or (as the case may be)\n(b) subsection (1)(b) is to be read as referring to the post-cessation company.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2013/29/schedule/19/paragraph/5",
    "retrieved_at": "2026-10-29T09:08:06.076240+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."
}