Version Superseded: 15/09/2016
Point in time view as at 01/04/2010.
Corporation Tax Act 2010, Cross Heading: Share capital issued as paid up otherwise than by receipt of new consideration is up to date with all changes known to be in force on or before 26 June 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
106(1)In relation to share capital issued before 7 April 1973—U.K.
(a)section 1026(1)(b) applies with the substitution of “ distribution ” for “qualifying distribution”, and
(b)section 1027(2)(b) applies with the substitution of “ distributions ” for “qualifying distributions”.
(2)Section 1026 does not apply if the share capital mentioned in subsection (1) of that section was issued before 7 April 1965.
(3)The reference in section 1027(2)(a) to amounts paid up on shares does not include amounts paid up before 7 April 1965.
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