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Section 384 Income charged

United Kingdom

(1)

Tax is charged under this Chapter on the amount or value of the dividends paid and other distributions made in the tax year.

(2)

Subsection (1) is subject to—

  • section 393(2) and (3) (later charge where cash dividends retained in SIPs are paid over), and

  • section 394(3) (distribution when dividend shares cease to be subject to SIP).

F1(3)

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Annotations

Textual amendments

F1

S. 384(3) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 5

Notes on Chapter 3

Textual amendments

F1

Words in Pt. 4 Ch. 3 heading substituted (with effect in accordance with s. 34(2) of the amending Act) by Finance Act 2008 (c. 9), Sch. 12 para. 2

F2

Words in Pt. 4 Ch. 3 heading substituted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by Finance Act 2016 (c. 24), Sch. 1 para. 3