A distribution also arises on a transfer of assets by a company to its members, or on a transfer of liabilities by its members to the company, where the amount of the benefit received by a member exceeds the amount (or market value) of new consideration given by him (paragraph G at CTA 2010, s. 1000(1), s. 1020(1) and (2)). For the meaning of ‘new consideration’, see ¶743-400.

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