Section 931N — Corporation Tax Act 2009: Schemes involving distributions for which deductions are given

Schemes involving distributions for which deductions are given 931N 1 This section applies to a dividend or other distribution that would, apart from this section, fall into an exempt class.

2 The distribution does not fall into an exempt class if—

a the distribution is made as part of a tax advantage scheme, and b the following condition is met.

3 The condition is that a deduction is allowed to a resident of any territory outside the United Kingdom under the law of that territory in respect of an amount determined by reference to the distribution.