http://www.legislation.gov.uk/ukpga/2010/4/section/1034/2013-03-20
Corporation Tax Act 2010
An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.
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Statute Law Database
2024-06-11
Expert Participation
2013-03-20
Corporation Tax Act 2010
s. 658(1)(d)
(e)
Finance Act 2010
Sch. 6
para. 31
Sch. 6
para. 35
Corporation Tax Act 2010
s. 357
CHA
Finance Act 2024
Sch. 2
para. 14(7)
Sch. 2
para. 16(2)
Part 23Company distributions
Chapter 3Matters which are not distributions
Purchase of own shares
1034Requirements as to residence
1
The seller must be resident and ordinarily resident in the United Kingdom in the tax year in which the purchase is made.
2
If the shares are held through a nominee, the nominee must also be resident and ordinarily resident in the United Kingdom in the tax year in which the purchase is made.
3
The residence and ordinary residence of personal representatives are taken for the purposes of this section to be the same as the deceased person's residence and ordinary residence immediately before that person's death.
4
The references in this section to a person's ordinary residence are to be ignored in the case of a company.