{
  "url": "https://openlegislation.uk/finance-act-2016/schedule-1/paragraph-30",
  "json_url": "https://openlegislation.uk/finance-act-2016/schedule-1/paragraph-30.json",
  "legislation": "ukpga/2016/24",
  "legislation_title": "Finance Act 2016",
  "legislation_url": "https://openlegislation.uk/finance-act-2016",
  "path": "schedule/1/paragraph/30",
  "kind": "paragraph",
  "number": "30",
  "heading": null,
  "text": "(1) Section 279G (ring fence profits: meaning of “augmented profits”) is amended as follows.\n(2) In subsection (1)(b) (franked investment income is part of augmented profits unless excluded)—\n(a) for “franked investment income” substitute “ exempt ABGH distributions ”, and\n(b) for “is” substitute “ are ”.\n(3) In subsection (3) (exclusion of franked investment income received from certain subsidiaries etc), for “franked investment income” substitute “ exempt ABGH distribution ”.\n(4) After subsection (4) insert—\n“(5) In this section “exempt ABGH distribution” means a distribution which—\n(a) is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph A, B, G or H in section 1000(1), and\n(b) is exempt for the purposes of Part 9A of CTA 2009 (company distributions).”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2016/24/schedule/1/paragraph/30",
    "retrieved_at": "2026-10-29T09:06:05.350093+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."
}