Paragraph 2
United Kingdom
(1)
A “non-corporate distribution” means a distribution made by a company to a recipient who is not a company.
“Recipient” here means the person beneficially entitled to the distribution.
(2)
A distribution made to a partnership is treated as made to the partners notwithstanding that the partnership is regarded as a legal person, or as a body corporate, under the law of the country or territory under which it is formed.
Notes on Schedule A2
Textual amendments
- F1
Sch. A2 repealed (with effect in accordance with s. 26(8)-(11) of the repealing Act) by Finance Act 2006 (c. 25), s. 26(2), Sch. 26 Pt. 3(1), Note
- F2
Sch. A2 inserted (with effect in accordance with s. 28(4)(5) of the amending Act) by Finance Act 2004 (c. 12), s. 28(2)(6), Sch. 3