Part 23 Company distributions

Chapter 2 Matters which are distributions

Introduction

999 Priority of negative rules
(1) The provisions of this Chapter are subject to any express exceptions.
(2) See, in particular—
(a) Chapter 3 (matters which are not distributions),
(b) section 1075 (exempt distributions), and
(c) paragraph 6 of Schedule 12 to FA 1988 (transfer of building society's business to a company: qualifying benefits),
and see also the table in section 1001.