Explanatory Notes

Corporation Tax Act 2010

2010 CHAPTER 4

3 March 2010

Introduction

Part 5: Group relief

Chapter 6: Equity holders and profits or assets available for distribution
Section 167: Profits or assets available for distribution and entitlement: supplementary

677.This section includes three special rules for calculating an equity holder’s entitlements for the purposes of sections 143(3), 144(3) and 151(4). It is based on paragraphs 1 and 6 of Schedule 18 to ICTA.