33(1)Section 751 (interpretation of Part 15 (transactions in securities)) is amended as follows.U.K.
(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).”