C1Part 23Company distributions
Chapter 1Introduction
997Overview of Part
1
Chapters 2 to 5 contain provision about what is, and what is not, a distribution.
2
Chapter 5 (demergers) includes provision that charges income tax, or applies the charge to corporation tax on income, in relation to certain payments.
3
Chapters 2 to 5 also include—
a
provision about the persons to whom certain distributions are treated as made (see sections 1020(2) and 1064(2)),
b
provision about how the amount of certain distributions is determined (see sections 1003, 1004, 1020(2) and 1064(2)),
c
other special rules about distributions made by certain companies (see Chapter 4), and
d
provision about returns and information (see sections 1046, 1052, 1053 and 1095 to 1097).
4
Chapter 6 contains provision of more general application about returns and information relating to distributions.
F15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
Chapter 8 contains definitions and other provision about the interpretation of this Part.
7
Section 152(3)(b) of FA 1995 enables regulations under that section to include provision which modifies the following in relation to open-ended investment companies, or payments falling to be treated as the distributions of such companies—
a
Chapter 2 (except section 1000(2)),
b
sections 1030 to 1048 and section 1049(1) and (3),
c
sections 1059 to 1063,
d
Chapter 5.
Pt. 23 applied (with modifications) by 2003 c. 1, s. 554AC(3) (as inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by Finance Act 2018 (c. 3), Sch. 1 para. 2)