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Contents

Official guidance
Company Taxation Manual

CTM20500 · ACT: tax credit & FA93

  • CTM20505 · Background
  • CTM20510 · Summary of main changes
  • CTM20515 · Reason for the changes
  • CTM20520 · Effects of main changes
  • CTM20525 · Rate at which ACT is payable
  • CTM20530 · Rate of tax credit
  • CTM20535 · Claims under ICTA88/S242 & S243
  • CTM20540 · Franked investment income: as upper limit
  • CTM20545 · Franked investment income: used to frank payments
  • CTM20550 · Franked investment income: small companies relief and mutual concerns
  • CTM20555 · Stock dividends: IT treated as paid
  • CTM20560 · Loan released or written off
  • CTM20565 · Non-qualifying distributions etc
  • CTM20570 · FID
  1. Company Taxation Manual
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  3. /ACT: tax credit & FA93: contents

CTM20570 | ACT: tax credit & FA93: FID

From HM Revenue & Customs · Company Taxation Manual

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When an individual, the personal representative of a deceased person or trustee of an accumulation or discretionary trust, received an FID the recipient was treated as having received income that had borne IT at the lower rate ( to ).

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