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Official guidance
Company Taxation Manual

CTM36700 · Particular topics: dividend stripping

  • CTM36705 · Particular topics: dividend-stripping: repeal of ICT88/S736
  • CTM36710 · Particular topics: dividend-stripping: definitions
  • CTM36715 · Particular topics: dividend-stripping: 10% holdings: aggregation
  • CTM36720 · Particular topics: dividend-stripping: value of security reduction
  • CTM36725 · Particular topics: dividend-stripping: interaction with bond-washing legislation
  • CTM36730 · Particular topics: dividend-stripping: enquiries to dealing company
  • CTM36735 · Particular topics: dividend-stripping: exempt bodies: overview
  • CTM36740 · Particular topics: dividend-stripping: exempt bodies: minimum shareholding 10%
  • CTM36745 · Particular topics: dividend-stripping: exempt bodies: relevant profits
  • CTM36750 · Particular topics: dividend-stripping: exempt bodies: group and franked investment income
  • CTM36755 · Particular topics: dividend-stripping: exempt bodies: previous dividends
  • CTM36765 · Particular topics: dividend-stripping: exempt bodies: reference to Head Office
  • CTM36770 · Particular topics: dividend-stripping: exempt bodies: repayments of capital
  • CTM36775 · Particular topics: dividend-stripping: distributions: abnormal return: restrictions
  • CTM36780 · Particular topics: dividend-stripping: distributions: abnormal return: exempt bodies
  • CTM36785 · Particular topics: dividend-stripping: distributions: abnormal return: reference to Head Office
  • CTM36790 · Particular topics: dividend-stripping: double taxation agreements
  1. Particular topics: dividend stripping: contents
  2. Particular topics: dividend-stripping: exempt bodies: previous dividends

CTM36755 | Particular topics: dividend-stripping: exempt bodies: previous dividends

From HM Revenue & Customs · Company Taxation Manual

Previous distributions paid after the acquisition by the exempt body of its shares in the distributing company should be deducted from the relevant profits to arrive at the unused relevant profits each time a dividend is received by the exempt body (see example two at CTM36760).

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