113(1)  Section 1139 has effect as if in subsection (4)(b) the words “or 397A(1)” were omitted in relation to–

(a)qualifying distributions arising before 22 April 2009,

(b)cash dividends paid over to a person under paragraph 68(4) of Schedule 2 to ITEPA 2003 before 22 April 2009,

(c)dividends treated under section 407 of ITTOIA 2005 as paid to a person before 22 April 2009, and

(d)manufactured overseas dividends that are representative of a distribution within paragraph (a), (b) or (c).

113(2)  In sub-paragraph (1)–

“manufactured overseas dividend” has the same meaning as in Chapter 2 of Part 11 of ITA 2007, and

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.