Section 273C | Dividends from protected cell companies ^F1

(1)This section applies to a dividend or other distribution made by a protected cell company that is received or accrued by—

(a)a qualifying entity that is not a member of a group, or

(b)a member of a group that has no members located outside of the United Kingdom.

(2)A dividend or other distribution to which this section applies is to be treated as an excluded dividend (see section 141) for domestic purposes and domestic entity purposes.