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Legislation
Income Tax (Earnings and Pensions) Act 2003

Crossheading Tax advantages connected with holding of shares

  • Section 494 No charge on removal of restrictions applying to shares
  • Section 495 No charge on increase in value of shares of dependent subsidiary
  • Section 496 No charge on cash dividend retained for reinvestment
  1. Tax advantages connected with holding of shares
  2. No charge on cash dividend retained for reinvestment

Section 496 | No charge on cash dividend retained for reinvestment

From legislation.gov.uk

For the exemption from income tax of amounts retained under paragraph 68(2) of Schedule 2 (amount of cash dividend not reinvested), see section 770 of ITTOIA 2005 (amounts applied by SIP trustees acquiring dividend shares or retained for reinvestment).F1

Notes

  1. F1

    S. 496 substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 601 (with Sch. 2)

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