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Legislation
Corporation Tax Act 2010

Crossheading Distributions to certain shareholders

  • Section 551 Tax consequences of distribution to holder of excessive rights
  • Section 552 “The section 552 amount”
  • Section 553 Meaning of “holder of excessive rights” and “excluded holder”
  • Section 554 Regulations: distributions to holders of excessive rights
  • Section 554A Meaning of “distribution”
  1. Distributions to certain shareholders
  2. Meaning of “distribution”

Section 554A | Meaning of “distribution”

From legislation.gov.uk

(1)In this Chapter, references (however expressed) to a distribution include share capital issued in lieu of a cash dividend.

(2)Section 1051(2) to (4) (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of section 1049(1)(a).

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