http://www.legislation.gov.uk/ukpga/2010/4/section/736Corporation Tax Act 2010An Act to restate, with minor changes, certain enactments relating to corporation tax and certain enactments relating to company distributions; and for connected purposes.texttext/xmlenStatute Law Database2026-05-20Expert Participation2026-03-18 Corporation Tax Act 2010s. 658(1)(d)(e)Finance Act 2010Sch. 6 para. 31Sch. 6 para. 35Corporation Tax Act 2010s. 357CHAFinance Act 2024Sch. 2 para. 14(7)Sch. 2 para. 16(2) Part 157361This section applies in relation to a company (“A”) if subsections (2) to (4) apply.2A receives consideration which—ais or represents the value of—iassets which are available for distribution by a company by way of dividend, oriiassets which would have been so available apart from anything done by the company,bis received in respect of future receipts of a company, orcis or represents the value of trading stock of a company.3The receipt is in consequence of a transaction whereby another person subsequently receives, or has received, an abnormal amount by way of dividend (see section 740).4The receipt of the consideration is such that A does not pay or bear corporation tax on income in respect of it (apart from this Part).5The assets mentioned in subsection (2) do not include assets which are shown to represent a return of sums paid by subscribers on the issue of securities, despite the fact that under the law of the country in which the company is incorporated assets of that description are available for distribution by way of dividend.6In this section references to the receipt of consideration include references to the receipt of any money or money's worth.