Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 15: Transactions in securities

Sections 741 and 742: Abnormal dividends: the excessive return condition and the excessive accrual condition

2272.These interpretative sections are based on section 709(4) to (6) of ICTA.

2273.Except as noted in the Overview above, these sections replicate exactly sections 693 and 694 of ITA.