{
  "url": "https://openlegislation.uk/finance-no-3-act-2010/schedule-3/paragraph-3",
  "json_url": "https://openlegislation.uk/finance-no-3-act-2010/schedule-3/paragraph-3.json",
  "legislation": "ukpga/2010/33",
  "legislation_title": "Finance (No. 3) Act 2010",
  "legislation_url": "https://openlegislation.uk/finance-no-3-act-2010",
  "path": "schedule/3/paragraph/3",
  "kind": "paragraph",
  "number": "3",
  "heading": null,
  "text": "(1) Part 9A of CTA 2009 (company distributions) is amended as follows.\n(2) In section 931A (charge to tax), omit subsection (2) and for subsection (3) substitute—\n“(3) A distribution is exempt for the purposes of this Part if it is exempt under—\n(a) Chapter 2 (distributions received by small companies), or\n(b) Chapter 3 (distributions received by companies that are not small).”\n(3) In section 931H (dividends derived from transactions not designed to reduce tax)—\n(a) in the heading, for “Dividends” substitute “ Distributions ”,\n(b) in subsection (1)—\n(i) after “dividend” insert “ or other distribution ”, and\n(ii) for “paid” substitute “ made ”,\n(c) in subsection (2), for “dividend is paid” substitute “ distribution is made ”,\n(d) in subsections (3) and (4)—\n(i) for “dividend” substitute “ distribution ”, and\n(ii) for “paid” substitute “ made ”, and\n(e) in subsection (5)—\n(i) for “dividend” substitute “ distribution ”,\n(ii) for “paid” (in both places) substitute “ made ”, and\n(iii) for “dividends” substitute “ distributions ”.\n(4) After section 931R insert—\n“Chargeable gains\nChargeable gains\n931RA The fact that a dividend or other distribution is exempt does not prevent it from being taken into account in the calculation of chargeable gains.”",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/3",
    "retrieved_at": "2026-10-29T09:09:50.286654+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."
}