Part 4Savings and investment income
Chapter 3Dividends etc. from UK resident companies and tax treated as paid in respect of certain distributions
Charge to tax on dividends and other distributions
383Charge to tax on dividends and other distributions
(1)
Income tax is charged on dividends and other distributions of a UK resident company.
(2)
For income tax purposes such dividends and other distributions are to be treated as income.
(3)
For the purposes of subsection (2), it does not matter that those dividends and other distributions are capital apart from that subsection.