This section has no associated Explanatory Notes
25(1)Section 974 (charge to tax in relation to sale of foreign dividend coupons) is amended as follows.U.K.
(2)In subsection (3)(a), after “realisation of” insert “ taxable ”.
(3)In subsection (4), after “sale of” insert “ taxable ”.
(4)After subsection (4) insert—
“(4A)For the purposes of subsections (3) and (4) a dividend coupon is “taxable” if the associated dividend would not have been exempt for the purposes of Part 9A (company distributions) had it been paid to the holder of the shares.”