997Overview of PartU.K.
(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.
F1(5). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(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.
Textual Amendments
F1S. 997(5) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 35