SCHEDULES
SCHEDULE 1Abolition of dividend tax credits etc
Further amendments in CTA 2010
33
1
Section 751 (interpretation of Part 15 (transactions in securities)) is amended as follows.
2
The existing text becomes subsection (1).
3
In that subsection, in the definition of “dividends”, omit “qualifying”.
4
After that subsection insert—
2
In the definition of “dividends” given by subsection (1), “other distributions” does not include a distribution which is a distribution for the purposes of the Corporation Tax Acts only because it falls within paragraph C or D in section 1000(1) (redeemable share capital or security issued as bonus in respect of shares in, or securities of, the company).