CTM15950 | Distributions: non-qualifying distributions: receipt of distribution

The assessment of a non-qualifying distribution received by an individual is dealt with in SAIM5050 onwards.

Non-qualifying distributions received by a company resident in the UK are not liable to tax, nor are they franked investment income.

Where

• a company receives a non-qualifying distribution, and

• it distributes the non-qualifying distribution in turn to its shareholders,

this distribution is also treated as a non-qualifying distribution.