InterpretationU.K.
606Interpretation of ChapterU.K.
(1)This section applies for the purposes of this Chapter.
(2)“C (tax-exempt)” has the meaning given by section 105(3) of FA 2006.
(3)“Distribution” means—
(a)in the case of UK shares, a dividend,
(b)in the case of UK securities, a periodical payment of interest, and
(c)in the case of overseas securities, an overseas dividend.
(4)“G (property rental business)” has the meaning given by paragraph 2 of Schedule 17 to FA 2006.
(5)“Group” has the meaning given by section 134 of FA 2006.
(6)“Manufactured dividend” has the same meaning as in Chapter 2 (see section 573(1)(a)).
(7)“The repurchase price of the securities” means the amount which, under the sale agreement or the related agreement (if any), the original owner or connected person is to pay for the securities bought back.
(8)“The rules about manufactured payments” means—
(a)Chapter 2 of this Part and regulations made under it,
(b)Chapter 3 of this Part,
(c)Chapter 9 of Part 15 and regulations made under it, and
(d)regulations made under section 973, so far as they apply to a person who pays a manufactured dividend.
(9)Section 589 (meaning of “gross amount” of interest, manufactured overseas dividends and overseas dividends for purposes of Chapter 2) also applies for the purposes of this Chapter.
(10)Section 918(7) (meaning of “gross amount” of manufactured dividend in Real Estate Investment Trust case) also applies for the purposes of this Chapter.