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Legislation

Income Tax Act 2007

Crossheading Person liable to counteraction of income tax advantages

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Section 684 Person liable to counteraction of income tax advantage
Section 685 Receipt of consideration in connection with distribution by or assets of close company
Section 686 Excluded circumstances: fundamental change of ownership
Section 687 Income tax advantage
Section 688 Receipt of consideration representing company's assets, future receipts or trading stock (circumstance C)
Section 689 Receipt of consideration in connection with relevant company distribution (circumstance D)
Section 690 Receipt of assets of relevant company (circumstance E)
Section 691 Meaning of “relevant company” in sections 689 and 690
Section 692 Abnormal dividends: general
Section 693 Abnormal dividends: the excessive return condition
Section 694 Abnormal dividends: the excessive accrual condition

Income Tax Act 2007
Person liable to counteraction of income tax advantages

Section 692 | Abnormal dividends: general

From legislation.gov.uk

16 September 2026

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1

Notes

F1
Ss. 682-687 and cross-headings substituted (8.4.2010 with effect in accordance with Sch. 12 para. 15(1) of the amending Act) for s. 682-694 and cross-headings by Finance Act 2010 (c. 13), Sch. 12 para. 2

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