Related HMRC Manuals

95ZA(1)  If the total amount of relevant distributions received by a company in an accounting period exceeds £50,000, those distributions are to be taken into account in calculating for corporation tax purposes the profits of the company in that period (and accordingly section 130(2) of CTA 2009 does not apply in relation to those distributions).

95ZA(2)  A company (“company A”) receives a “relevant distribution” if–

(a)it receives a distribution made by a company (“company B”),

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