Statute
Section 1305 — Corporation Tax Act 2009: Dividends and other distributions
Text of the provision Official document
Dividends and other distributions 1305 1 In the calculation of a company's profits for corporation tax purposes, no deduction is allowed in respect of a dividend or other distribution.
2 Subsection (1) is subject to any provision of the Corporation Tax Acts expressly authorising a deduction.
3 In this section “ profits ” has the same meaning as in Part 2.
Official source: legislation.gov.uk
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