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Legislation
Corporation Tax Act 2010

Crossheading Distributions in respect of non-commercial securities

  • Section 1005 Meaning of “non-commercial securities”
  • Section 1006 Distributions exceeding consideration received for issue of security
  • Section 1007 Securities issued at premium representing new consideration
  • Section 1008 Consideration for issue of security exceeding amount of principal
  1. Distributions in respect of non-commercial securities
  2. Distributions exceeding consideration received for issue of security

Section 1006 | Distributions exceeding consideration received for issue of security

From legislation.gov.uk

No amount is to be regarded for the purposes of paragraph E in section 1000(1) as representing the principal secured by a security so far as it exceeds any new consideration which has been received by the company for the issue of the security.

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